Russian state-owned defence conglomerate Rosoboronexport wants to acquire a majority stake in Magnitogorsk Iron and Steel Works (MMK).

MMK would become part of Rosoboronexport’s Russpetsstal weapons-grade steel operations.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

According to Kommersant reports the two companies could also form a partnership, which would not necessarily mean an acquisition.

Army Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Army Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.

Excellence in Action
SMARTSHOOTER’s SMASH AI-enabled fire control systems are turning standard rifles into precision counter drone and small arms platforms. Discover how SMASH is redefining dismounted force protection, accuracy, and ethical AI use on today’s battlefield and why it has won the Innovation award.

Discover the Impact