ENVIRONMENTAL LIABILITIES

12 Months Ended

Dec. 31, 2022

ENVIRONMENTAL LIABILITIES

ENVIRONMENTAL LIABILITIES

NOTE 22 — ENVIRONMENTAL LIABILITIES

The steel industry uses and generates substances that may damage the environment. The Company and its subsidiaries believe they are compliant with all the applicable environmental regulations in the countries where they operate. The Company’s management performs frequent analysis with the purpose of identifying potentially impacted areas and a liability is recorded based on the best estimate of costs for investigation, treatment and cleaning of potentially affected sites. The balances of the provisions are as follows:

	2022	2021
Provision for environmental liabilities	484,652	575,709
Current	262,018	231,711
Non-current	222,634	343,998