Mechel intends to reach agreements with its main creditors to postpone debt-clearing time.
In 2016 the company agreed with the state banks and restructured the larger part of its debt, having postponed payments to 2020-2022.
The company has started new talks with its creditors believing that the current cash flow will not be enough to fulfill all the debt obligations.
In H1 the company net debt decreased by 12 billion rubles, to 411 billion rubles. (Ukrainian metal)