KIEV, Feb. 2 - Ukrainian steel producer Industrial Union of Donbas, or IUD, plans to launch Eurobonds this year, but will probably postpone its IPO indefinitely.

Although the size of the Eurobond was not disclosed, the company said it needed UAH 3.5 billion this year to upgrade Alchevsk Steel Mill and UAH 1 billion for the Dniprovsky mill.