XML 148 R79.htm IDEA: XBRL DOCUMENT

Note 26 - Derivative financial instruments (Tables)

12 Months Ended

Dec. 31, 2024

III. FINANCIAL RISK MANAGEMENT

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

	Year ended December 31,
	2024			2023
Other derivatives	7,484			9,801
Contracts with positive fair values	7,484			9,801

Other derivatives	(8,300	)		(11,150	)
Contracts with negative fair values	(8,300	)		(11,150	)
Total	(816	)		(1,349	)

Disclosure of detailed information about hedged items [text block]

Purchase currency	Sell currency	Term	Fair Value						Hedge Accounting Reserve
Purchase currency	Sell currency	Term	2024			2023			2024			2023
BRL	USD	2025	(2,818	)		49			1,776			49
EUR	USD	2025	(2,551	)		5,557			(2,091	)		624
USD	BRL	2025	1,579			(1,009	)		-			-
USD	CAD	2025	1,465			(836	)		-			-
USD	EUR	2025	1,089			(2,966	)		383			7,142
MXN	USD	2025	770			-			-			-
USD	KWD	2025	569			(50	)		-			(388	)
USD	MXN	2025	(282	)		(2,125	)		-			-
USD	NGN	2025	(212	)		-			-			-
USD	COP	2025	202			-			-			-
USD	GBP	2025	134			(51	)		-			-
USD	CNY	2025	73			(335	)		-			501
RON	USD	2025	(31	)		261			-			-
Others		2025	5			(49	)		120			-
Total			(8	)		(1,554	)		188			7,928

Commodity Derivatives	Term	Fair Value						Hedge Accounting Reserve
Commodity Derivatives	Term	2024			2023			2024			2023
LME Scrap	2025	(1,974	)		1,376			(1,974	)		1,376
PSV Gas	2025	1,097			(2,566	)		1,097			(2,566	)
Nickel	2025	52			1,966			52			1,966
Houston Ship Channel Gas	2025	34			(231	)		34			(231	)
Electric Energy	2025	(17	)		(340	)		(17	)		(340	)
Total		(808	)		205			(808	)		205

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

	Equity Reserve Dec-2022	Movements 2023			Equity Reserve Dec-2023			Movements 2024			Equity Reserve Dec-2024
Foreign Exchange & Commodities	13,122	(4,989	)		8,133			(8,753	)		(620	)
Total Cash flow Hedge	13,122	(4,989	)		8,133			(8,753	)		(620	)