v3.26.1
Consolidated Statements of Cash Flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of cash flows [abstract]      
Net income/(loss) for the year R$ (1,506,726) R$ (1,538,141) R$ 402,649
Adjustments to reconcile net income (loss) to net cash provided by operations      
Financial charges in borrowing and financing raised 3,910,819 4,023,649 3,481,514
Financial charges in borrowing and financing granted (405,257) (163,517) (182,759)
Charges on lease liabilities 115,529 99,998 82,521
Equity earnings of affiliated companies (518,744) (448,048) (351,131)
Deferred taxes (1,094,263) (1,305,927) (403,544)
Provision for tax, social security, labor, civil and environmental risks (503,472) 27,498 (139,871)
Exchange, Monetary and Cash Flow Hedge 312,612 2,929,120 882,201
Write-off of property, plant and equipment right of use and Intangible assets 102,480 62,081 158,140
Provision for environmental liabilities and decommissioning of assets 54,249 114,704 81,148
Updated shares – Fair value through profit or loss  57,562 632,612 (292,346)
Depreciation, amortization and depletion 4,150,475 3,791,413 3,379,141
Accrued/(reversal) for consumption and services 71,545 24,711 (64,813)
Net gain from sale of equity interest   (8,451) (92,438)
Dividends USIMINAS (7,663) (44,859) (52,516)
Other provisions 90,930 92,567 106,418
Total Adjustments to reconcile net income/(loss) to net cash provide by operation 6,336,802 9,827,551 6,591,665
Changes in assets and liabilities      
Trade receivables - third parties 945,759 69,518 225,997
Trade receivables - related party (5,775) (32,730) 12,512
Inventories (388,797) (906,034) 1,303,288
Dividends and receivables - related parties 158,110 (42,237) 124,452
Recoverable taxes (1,165,274) 114,230 (1,098,739)
Judicial deposits 30,199 (137,381) 41,782
Receipt of RFFSA receivables 506,381 442,246  
Receipt of RFFSA bond credit (506,381)    
Trade payables (196,314) (851,095) 1,159,629
Trade payables – Forfaiting 4,965 (1,327,749) (1,499,635)
Payroll and related taxes (41,573) 87,140 48,200
Taxes payables (72,179) (215,862) (214,330)
Payables to related parties  6,822 (24,231) (70,659)
Advance of customers of mineral and energy contracts (510,336) 6,967,508 4,844,361
Interest paid  (4,267,926) (4,052,226) (3,428,721)
Receipts/(Payments) from hedging operations, cash flow and derivatives (286,135) (65,435) (962,651)
Other (14,801) 335,433 (187,192)
Increase (Decrease) in assets and liabilities (5,803,255) 361,095 298,294
Net cash generated by operating activities (973,179) 8,650,505 7,292,608
Investments / AFAC / Acquisitions of Shares  (23,600) (32,000) (338,568)
Purchase of property, plant and equipment, intangible assets and investment property (5,935,897) (5,494,335) (4,408,119)
Intercompany loans granted  (71,494) (95,951) (101,912)
Intercompany loans received 7,650 12,430 8,032
Financial Investments, net of redemption 168,813 70,335 136,678
Receipt of sale of equity interest   4,419,786 114,763
Cash received from the acquisition of Gramperfil 13,261    
Gramperfil investment acquisition (35,948)    
Cash received from the acquisition of Grupo Estrela 87,046    
Acquisition of investments of Grupo Estrela  (300,000)    
Cash received in the acquisition of Galvacolor 4,914    
Galvacolor investment acquisition (58,729)    
Acquisition of investments of Global Dot (22,448)    
Sale of equity assets 43,063    
Net cash (used in) investment activities (6,123,369) (1,119,735) (4,589,126)
Borrowings and financing raised 11,121,708 10,148,426 15,638,624
Transactions cost - Borrowings and financing (113,488) (145,187) (201,917)
Amortization of borrowings and financing (11,717,772) (6,927,383) (9,892,344)
Amortization of leases (371,467) (308,201) (239,909)
Dividends and interest on shareholder’s equity  (695,232) (2,535,325) (3,980,871)
Share repurchase   (336,162)  
Advance iron ore payments 66,717    
Amortization advance iron ore payments (66,717)    
Net cash (used in) generated by financing activities (1,776,251) (103,832) 1,323,583
Exchange rate changes on cash and cash equivalents of foreign subsidiaries (16,376) (162,959) 27,797
Increase (decrease) in cash and cash equivalents (8,889,175) 7,263,979 4,054,862
Cash and equivalents at the beginning of the year 23,310,197 16,046,218 11,991,356
Cash and equivalents at the end of the year R$ 14,421,022 R$ 23,310,197 R$ 16,046,218