KIEV, Oct. 1 - Euro-Finance Ltd., which controls nine companies dealing in iron and steel scrap in Ukraine, has signed an agreement with Rivne regional state administration on the construction of a steel mill in Radyvyliv District with an annual production capacity of 800,000 tons of hot rolled steel.

The company plans to allocate $750 million to realize the project.

Euro-Finance Ltd. Vice President Valentyn Makarenko told Interfax-Ukraine that the agreement was signed on Tuesday in Rivne.