KIEV, July 29 – Vorskla Steel has signed a contract worth EUR 6.81 million under which 170 hectares of land in Hungary is to be allocated for the construction of a EUR 650 million metal-rolling mill, whose major investor is Ukrainian businessman Kostiantyn Zhevago, Hungarian mass media reported.

The land plot is located near the populated localities of Fenyeslitke and Komoro, close to the town of Zahony at the border with Ukraine.