"Mechel" has enjoyed cheap coal but this did not help much the finances of the company.

But this did not help much to the finance of company.

Igor Zyuzin’s "Mechel" could not get out of the losses in 2014, although the devaluation of the rouble has helped the company to maintain EBITDA almost at the level of 2013. "Mechel" states it is close to an agreement on debt restructuring with GPB, and "harmonized approach for restructuring with VTB", but, according to "the Kommersant", there is no serious progress in the negotiations yet.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer