steel importers and exporters Imexbra Trading SA president Osvaldo Sicardi that Brazil's import of steel products will continue to be strong, is expected to rise to record in 2010 record 400 million tonnes, 1.8 million tons in 2009 to more than double.

Sicardi that imports will continue to rise during the first half of the 2.8 million tons, Yin Baxi real strong.

He said that imports will continue to increase, the problem still exists, Yinleiyaer be overestimated, for the speculation. Dollar-denominated imports of steel in Brazil is an attractive business, the Brazilian domestic steel prices 25% higher than the international market to 30%. Iron and steel processing plants and distribution companies and independent traders in the import of steel, in order to grasp the opportunity to resell these products profits.

Flat wood products can be 700 U.S. dollars per tonne, the price of imports to Brazil, resale can sell 1,000. Brazil's steel plant is unlikely to substantially lower sales in the domestic market price, despite the current discounts to their clients, and in Brazil a record accumulation of steel.

Sicardi that end customers to buy steel from foreign markets, the risk is that steel may take 100 days to reach Brazil. Therefore, the main steel imports by the steel plants and distribution companies to buy, they have inventory, you can wait for the arrival of steel, with a higher resale price of the domestic market, the ultimate customer.

Brazil's central bank data show in July of dollars into the Brazilian financial market out of more than 1.5 billion, experts believe that the central bank to take the high interest rate policy is attracting considerable foreign investment inflows in Brazil, and to promote the real currency appreciation. Legg Mason Group, experts say, with Europe and the United States and Japan, Asia, compared to Brazil's benchmark interest rate much higher, making a comeback carry trades. In addition, the Brazilian political and financial markets more stable, strong economic growth, which are attracting large inflows of foreign capital an important factor.

At present, the central bank's benchmark interest rate 10.75%, while the U.S. benchmark interest rates at zero to record low of 0.25% in the euro zone's benchmark rate at a low level of 1.0%, Japan's benchmark interest rate remained at 0.1% long-term ultra-low bit.

In addition to direct purchase of real things, the stock market as foreign capital inflows, another popular way to Brazil. July, Latin America's largest stock exchange in Brazil about 3.5 billion reais inflow of foreign capital. Influx of large dollar movements makes a strong Brazilian currency Real.