"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.