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FINANCIAL INCOME (EXPENSES) (Details) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Financial income      
Related parties (Note 22 a) R$ 184,480 R$ 93,862 R$ 51,124
Income from financial investments 763,259 279,467 58,061
Updated shares – Fair value through profit or loss (note 14.d)  [1] (1,198,164) 385,297 1,190,489
Other income 172,205 408,558 503,054
Financial income (78,220) 1,167,184 1,802,728
Borrowings and financing - foreign currency (note 13) (1,238,372) (1,590,120) (1,600,973)
Borrowings and financing - local currency (note 13) (1,356,639) (503,849) (401,079)
Capitalised interest (note 11) 135,242 87,414 92,506
Related parties (10,297) (12,072) (13,608)
Lease liabilities (68,533) (59,260) (50,804)
Interest and fines (95,667) (73,334) (290,673)
Interest on drawn/forfaiting risk operations (444,062) (126,232)
(-) Adjustment present value of trade payables (419,517) (265,495) (139,566)
Commission, bank fees, Guarantee and bank fees (165,397) (239,451) (162,085)
PIS/COFINS over financial income (118,311) (88,897) (39,149)
Other financial expenses (390,598) (285,832) (270,764)
Financial expenses (4,172,151) (3,157,128) (2,876,195)
Others financial items, net      
Foreign exchange and monetary variation, net 783,902 46,199 392,971
Gains and (losses) on exchange derivatives (*) (48,556) (439) (115,815)
Others financial 735,346 45,760 277,156
Financial income (expenses) (3,436,805) (3,111,368) (2,599,039)
Financial income (expenses), net (3,515,025) (1,944,184) (796,311)
Dollar - to - real NDF 176,991 37,322  
Exchange rate swap Real x Dollar (11,467)    
Exchange rate swap Dollar x Euro    7,119 (9,070)
Exchange rate swap GBP x Euro      (602)
Interest rate swap CDI x IPCA (257,897) (34,920)  
Exchange rate swap CDI x Dollar  43,817 (9,960) (106,143)
Total R$ (48,556) R$ (439) R$ (115,815)
[1] refers to gains and losses with the updating of the fair value of USIMINAS' shares