According to Brazil's National Institute of Steel Distributors (INDA), the country's flat steel imports already reached a record in March of this year, but it will continue to increase in April.

Carlos Loureiro, president of INDA, stated that there are more than half a million tons of steel awaiting nationalization in the São Francisco do Sul port alone. He urged that if the federal government does not take strong measures against China, domestic steel plants will face significant problems, and domestic distributors will have to continue struggling to survive.

Last week, the Brazilian Steel Institute stated that the country's total steel imports totaled 663,000 tons in March, the highest single-month import volume in history.