It is analysed existing norm-legal base of realization of regional industrial policy from a position of conformity of principles of its formation and realization to problems of development of the industry in conditions of an openness to the world market. Opportunities of their evolution in the directions promoting becoming of competitive structure of an industrial complex of region are shown.

The author examines the major trends and factors of metallurgy development of the region. Features and the need to preserve the taken direction of the innovative development of metallurgy are examined. Priorities of innovation development of metallurgical enterprises in the region in terms of the global financial crisis are proven; among them there are: upgrading and qualitative updating of a large part of the core based on the introduction of energy-saving technologies; expansion of production with high added value; increasing resource efficiency and reducing environmental impact; ensuring high-quality iron-ore raw materials.