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Note 26 - Derivative financial instruments (Tables)

12 Months Ended

Dec. 31, 2023

III. FINANCIAL RISK MANAGEMENT

Disclosure of detailed information about derivative financial instruments [text block]

	Year ended December 31,
	2023			2022
Derivatives hedging borrowings and investments	-			6,480
Other derivatives	9,801			24,325
Contracts with positive fair values	9,801			30,805

Other derivatives	(11,150	)		(7,127	)
Contracts with negative fair values	(11,150	)		(7,127	)
Total	(1,349	)		23,678

Disclosure of detailed information about hedged items [text block]

Purchase currency	Sell currency	Term	Fair Value						Hedge Accounting Reserve
Purchase currency	Sell currency	Term	2023			2022			2023			2022
MXN	USD	2024	-			6,571			-			(67	)
USD	MXN	2024	(2,125	)		-			-			-
EUR	USD	2024	5,557			1,866			624			(2,786	)
USD	EUR	2024 / 2025	(2,966	)		20,783			7,142			23,935
USD	BRL	2024	(1,009	)		(2,490	)		-			-
USD	KWD	2024	(50	)		(129	)		(388	)		-
USD	CAD	2024	(836	)		404			-			-
USD	GBP	2024	(51	)		(11	)		-			-
USD	CNY	2024	(335	)		(242	)		501			-
RON	USD	2024	261			50			-			-
BRL	USD	2024	49			223			49			-
Others		2024	(49	)		13			-			3
Total			(1,554	)		27,038			7,928			21,085

Commodity Derivatives	Term	Fair Value						Hedge Accounting Reserve
Commodity Derivatives	Term	2023			2022			2023			2022
Houston Ship Channel Gas	2024	(231	)		(814	)		(231	)		(814	)
LME Scrap	2024	1,376			29			1,376			(3,148	)
Iron Ore	2024	-			12			-			(1,274	)
Electric Energy	2024	(340	)		(519	)		(340	)		(519	)
TTF Gas	2024	-			(2,068	)		-			(2,207	)
PSV Gas	2024	(2,566	)		-			(2,566	)		-
Nickel	2024	1,966			-			1,966			-
Total		205			(3,360	)		205			(7,963	)

Disclosure of detailed information of the hedge reserve evolution [text block]

	Equity Reserve Dec-2021			Movements 2022			Equity Reserve Dec-2022			Movements 2023			Equity Reserve Dec-2023
Foreign Exchange & Commodities	1,259			11,863			13,122			(4,989	)		8,133
Total Cash flow Hedge	1,259			11,863			13,122			(4,989	)		8,133