UPDATE 1-Russia's Severstal agrees on steel supply to AvtoVAZ

Newswire

* Severstal agrees on steel supply to AvtoVAZ * Severstal, AvtoVAZ stocks rise more than 3 pct ST.PETERSBURG, Russia, May 28 (Reuters) - Russia's largest steel maker, Severstal , has agreed on the conditions of rolled steel products supply to carmaker AvtoVAZ , Severstal's Chief Executive Alexei Mordashov said on Friday. The company said a statement with more details is to follow later in the day. Stocks of both companies rose more than 3 percent after the announcement earlier in ...

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