KIEV, Oct. 26 - Euro Finance Ltd., which was created in 2004 by Switzerland's EuroSteel Holdings AG and which owns some companies working in the iron-and-steel scrap business in Ukraine, will postpone the completion of the building and launch of a mini steel mill located near Bila Tserkva (Kiev region) for one year – until 2013.

"We planned [to launch the mill] in early 2012, and now we plan for the middle of 2013. This is primarily linked to the attraction of funds, the country's rating and the banking sector," Euro Finance Vice President Valentyn Makarenko said at the eleventh congress of the Ukrainian association of scrap metal held in Kiev on Oct. 23.