v3.26.1
FINANCIAL INSTRUMENTS (Details) - BRL (R$)
R$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current        
Cash and cash equivalents R$ 14,421,022 R$ 23,310,197 R$ 16,046,218 R$ 11,991,356
Financial investments 642,715 911,378    
Trade receivables 2,397,033 2,900,998    
Dividends and interest on equity 76,026 201,436    
Derivative financial instruments 494 152,967    
Receivables - Usiminas Shares 192,911      
Other receivables 2,377      
Trading securities 2,598 2,947    
Loans - related parties 4,147 5,315    
Total 17,739,323 27,485,238    
Non-current        
Financial investments 25,257 169,977    
Receivables - Usiminas Shares 150,578      
Other trade receivables 19,759 1,888    
Eletrobrás compulsory loan 3,787 51,012    
Receivables by indemnity 779,827 790,914    
Loans - related parties 2,137,882 1,903,028    
Total 3,117,090 2,916,819    
Total Assets 20,856,413 30,402,057    
Current        
Borrowings and financing  10,522,974 8,902,558    
Lease liabilities 238,702 206,323    
Trade payables 7,162,929 7,030,734    
Trade payables - Forfaiting 2,905,018 2,902,593    
Dividends and interest on capital 358,040 61,965    
Derivative transactions 67,304      
Concessions to be paid 13,350 12,555    
Total 21,268,317 19,116,728    
Non-current        
Borrowings and financing  43,069,646 48,656,020    
Lease liabilities 855,037 633,982    
Trade payables 66,807 43,263    
Derivative transactions 153,507 157,857    
Concessions to be paid 78,419 78,728    
Total 44,223,416 49,569,850    
Total Liabilities 65,491,733 68,686,578    
Financial Instruments At Fair Value Through Profit Or Loss Category [Member]        
Current        
Financial investments   860,591    
Trade receivables   181,262    
Derivative financial instruments   152,967    
Trading securities   2,947    
Total   1,197,767    
Non-current        
Total Assets   1,197,767    
Current        
Derivative transactions 67,304      
Total 67,304      
Non-current        
Derivative transactions   157,857    
Total   157,857    
Total Liabilities 67,304 157,857    
Fair Value Through Profit Or Loss [Member]        
Current        
Financial investments 372,397      
Trade receivables 66,464      
Derivative financial instruments 494      
Trading securities 2,598      
Total 441,953      
Non-current        
Total Assets 441,953      
Non-current        
Derivative transactions 153,507      
Total 153,507      
Total Liabilities 153,507      
Financial Instruments At Amortised Cost Category [Member]        
Current        
Cash and cash equivalents 14,421,022 23,310,197    
Financial investments 270,318 50,787    
Trade receivables 2,330,569 2,719,736    
Dividends and interest on equity 76,026 201,436    
Receivables - Usiminas Shares 192,911      
Other receivables 2,377      
Loans - related parties 4,147 5,315    
Total 17,297,370 26,287,471    
Non-current        
Financial investments 25,257 169,977    
Receivables - Usiminas Shares 150,578      
Other trade receivables 19,759 1,888    
Eletrobrás compulsory loan 3,787 51,012    
Receivables by indemnity 779,827 790,914    
Loans - related parties 2,137,882 1,903,028    
Total 3,117,090 2,916,819    
Total Assets 20,414,460 29,204,290    
Current        
Borrowings and financing  10,522,974 8,902,558    
Lease liabilities 238,702 206,323    
Trade payables 7,162,929 7,030,734    
Trade payables - Forfaiting 2,905,018 2,902,593    
Dividends and interest on capital 358,040 61,965    
Concessions to be paid 13,350 12,555    
Total 21,201,013 19,116,728    
Non-current        
Borrowings and financing  43,069,646 48,656,020    
Lease liabilities 855,037 633,982    
Trade payables 66,807 43,263    
Concessions to be paid 78,419 78,728    
Total 44,069,909 49,411,993    
Total Liabilities R$ 65,270,922 R$ 68,528,721