v3.26.1
COST OF SALES (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Analysis of income and expense [abstract]      
Inventories at the beginning of year $ 4,750,511 $ 4,948,376 $ 3,470,214
Inventories 0 0 1,707,311
Translation differences 148,848 (298,816) (22,514)
Raw materials and consumables used and other movements 9,404,234 11,753,018 11,193,050
Services and fees 299,909 304,159 250,333
Labor cost 1,080,011 1,084,009 940,411
Depreciation of property, plant and equipment 591,817 589,309 556,630
Amortization of intangible assets 110,580 86,852 47,374
Maintenance expenses 882,523 950,939 825,809
Office expenses 20,121 18,203 14,873
Insurance 37,520 36,014 24,867
Change of obsolescence allowance 5,465 10,969 4,707
Valuation allowance 0 0 (15,333)
Recovery from sales of scrap and by-products (31,487) (29,851) (37,186)
Others 49,597 57,554 38,567
Inventories at the beginning of year (4,093,659) (4,750,511) (4,948,376)
Cost of sales $ 13,255,990 $ 14,760,224 $ 14,050,737