v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Disclosure Leases Abstract  
Schedule of right of use
         
  December 31, 2025 Additions and contract modifications Depreciation Translation adjustment June 30, 2026
Ports 26 26 (11) 41
Vessels 345 (29) 316
Pelletizing plants 90 (11) (16) 6 69
Properties 83 (9) 4 78
Energy plants 21 (6) 15
Others 42 4 (10) 3 39
Total 607 19 (81) 13 558
Schedule of lease liabilities
             
  December 31, 2025 Additions and contract modifications Payments (i) Interest Transfer to held for sale (note 27b) Translation adjustment and others June 30, 2026
Ports 31 26 (20) 1 38
Vessels 350 (35) 7 322
Pelletizing plants 97 (11) (4) 2 6 90
Properties 97 (12) 2 17 104
Energy plants 43 (6) 1 (10) 28
Others 50 4 (6) 1 (4) 7 52
Total 668 19 (83) 14 (4) 20 634
Current liabilities 160           169
Non-current liabilities 508           465
Total 668           634

(i) The total amount of the variable lease payments not included in the measurement of lease liabilities was US$65 recorded in the income statement for the six-month period ended June 30, 2026 (2025: US$53 in the six-month period ended June 30, 2025).

Schedule of summary of annual minimum payments related
               
  2026 2027 2028 2029 2030 onwards Total Remaining term (years) Discount rate
Ports 1 12 2 2 24 41 1 to 17 4% to 6%
Vessels 35 70 59 50 138 352 1 to 7 4%
Pelletizing plants 32 24 21 6 22 105 1 to 7 2% to 6%
Properties 11 21 20 15 32 99 1 to 13 2% to 6%
Energy plants 3 5 5 5 28 46 1 to 4 5%
Others 11 15 12 7 3 48 1 to 4 3% to 6%
Total 93 147 119 85 247 691