Growing pains

26 July 2010 00:00

Russia’s government has something of a paternal relationship with the country’s steel sector. Sometimes the state plays disciplinarian. Only in the past few months two anti-trust investigations have been launched into steelmakers and miners, looking to establish whether they have abused their dominant position in the domestic market. And Vladimir Putin’s admonishment of Mechel chairman Igor Zyuzin when he failed to make a meeting with the pm in 2008 must have been very hard to forget. But, a lot of the time, the government offers its help. The financial support state-controlled...

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Growing pains

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