NLMK and AvtoVAZ, a leading Russian car manufacturer, have signed a one-year contract to supply cold-rolled and galvanized steel.  

Under the agreement, NLMK will deliver a total 180,000 tonnes of cold-rolled steel including 36,000 tonnes of galvanized steel, with enhanced mechanical properties for the production of AvtoVAZ car body parts over the next twelve months. The steel grade mix has been determined by a demand for reduced weight, increased strength and finished product reliability and accounts for the manufacturer’s specific technical requirements.

The companies have successfully developed a pricing scheme for steel based on applicable market indicators. Prices will be determined using a formula reflecting pricing dynamics in the international steel market. Steel deliveries to the car manufacturer will commence in April.   

NLMK and AvtoVAZ have previously worked together successfully. Both NLMK and AvtoVAZ anticipate that this twelve month contract will mark a new step in the collaboration between the companies, which are both leaders in their respective fields.