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Steely protector

3 October 2011 By Guillermo Parra-Bernal

Tycoon Benjamin Steinbruch has put Brasilia and rivals in a pickle by trying to take control of steelmaker Usiminas. That might give him power to up-end policies that curb imports and force Brazilians to pay excessively for steel. Unfortunately, Steinbruch’s chances are slim.

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