The last word of the FAS

Finansy31-07-2008 The last word of the FAS "Tempest in a teapot," hysterical investors to just government action, "on purpose" authorities' attention to the metallurgical industry and stock market in search of fighting inflation? Or, perhaps, an inflection in the struggle itself? One way or another, but the FAS a new "victim" - Evraz Holding, accusations which are not seriously disturbed the market players. The effect of the sharp remarks of Prime Minister Vladimir Putin to address Mechel four days lowered the company's securities nearly doubled. Dissatisfied with the marketing policy metallurgical company, Putin suggested that the Federal Antimonopoly Service and the Investigation Committee under the Russian Prosecutor's Office to pay attention to its activities. In mid-July, the Federal Antimonopoly Service (FAS) initiated a case against members of Mechel Trading House "Mechel", Southern Kuzbass and OJSC Holding Company Yakutugol up to examine the situation on the market of coking coal. The case against the above-mentioned companies, FAS initiated for violating Article 10 of the Law "On Protection of Competition" by the abuse of dominant market position. According to the press-service agencies, businesses economically and technologically unjustified stopped deliveries of coal concentrate Novolipetsk Steel. In addition, TD Mechel installed and maintained a monopoly high price of coal concentrate.