23 April 2004 23:46
Fradkov asks Trade Chamber to look at metals market
MOSCOW. April 23 (Interfax) - Prime Minister Mikhail Fradkov has asked the Trade and Industry Chamber to take part in
resolving the problem of price hikes in the domestic metals industry.
"It is very difficult for the government to grasp the economic essence of this issue due to obvious corporate
interests," Fradkov said before the Chamber on Friday.
building," he said. For example, after prices were "blown up," the
Russian bearings industry, which before exported a third of its
The Chamber, with its structure and network of representatives, could provide additional opportunities to analyze
this situation, he said.
Trade and Industry Chamber Chairman Yevgeny Primakov said the Chamber has information indicating that price hikes on
metals in Russia are too high by international standards, although the metallurgists do not agree.
Too much monopolization in several industries leads to corporate price forming, Primakov said. "In ferrous
metallurgy this hits machine
production, exports only 9% now, Primakov said. [RU ASIA EUROPE EEU EMRG STL MET MAC TRD AUT] me
[Interfax] |
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