Russia’s Magnitogorsk Iron and Steel Works, or MMK, and Russia’s largest carmaker AvtoVAZ have signed a long-term agreement on cooperation and partnership, MMK said in a statement Tuesday.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Prime-Tass reported that under the agreement, MMK will supply metal products to AvtoVAZ, while the carmaker will receive preferential status as a regular customer of MMK.


MMK and AvtoVAZ also agreed on restructuring the carmaker’s debt on metal products supplied by MMK.


MMK is one of Russia’s largest ferrous metals producers.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now