MMK & Kamaz to Expand Steel Supplies Pact to Cut Imports

After coordination council held a meeting at Magnitogorsk Iron & Steel Works at which managers and professional from their technical and commercial divisions reviewed the results of cooperation in 2022 and mapped out plans for the future with focus on import substitution, Russia’s leading truck maker Kamaz plans to produce more than 50,000 trucks in 2023 compared to over 44,000 in 2022 and has agreed on steel supplies from MMK, reported Interfax“Before, Kamaz often used foreign-made steels. Now their import into Russia is closed and we are actively working on replacing them. In the past year we have mastered three new grades of steel and now we're mastering one more that surpasses not only foreign but also Russian analogs by many indicators” said MMK's Head of Sales to the auto industry Mr. Nikita AvdoninMMK shipped 628,800 tonnes of steel products to the auto industry in 2022, including over 100,000 tonnes to Kamaz. MMK has about a 57% share of flat steel shipments to the truck maker. MMK steel supplies encompass longer on steel and metal for truck cabs.

MMK & Kamaz to Expand Steel Supplies Pact to Cut Imports

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