INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2017

INVENTORIES

Schedule of inventories

	2017		2016
Finished products	3,026,556		2,987,785
Work in progress	1,302,152		1,201,327
Raw materials	1,703,013		1,487,971
Storeroom supplies	298,100		430,731
Imports in transit	375,139		253,729
(-) Allowance for adjustments to net realizable value	(3,556	)	(28,813	)
	6,701,404		6,332,730

Schedule of the changes in the allowance for inventories adjustment to net realizable value

Balance as of January 1, 2015	(66,363	)
Provision for the year	(54,987	)
Reversal of adjustments to net realizable value	37,451
Exchange rate variation	(17,222	)
Balance as of December 31, 2015	(101,121	)
Provision for the year	(62,899	)
Reversal of adjustments to net realizable value	94,391
Loss of contro by selling of subsidiary	30,105
Exchange rate variation	10,711
Balance as of December 31, 2016	(28,813	)
Provision for the year	(26,545	)
Reversal of adjustments to net realizable value	46,740
Loss of control by joint venture creation (note 3.4)	392
Assets held for sale (note 3.4)	881
Exchange rate variation	3,789
Balance as of December 31, 2017	(3,556	)