REFILE-POSCO says Indian approval boosts its global strategy

Newswire

(Refiles for more subscribers, recasts headline) * Separate court ruling on mining rights seen in 1H 2012 * Overseas expansion critical for POSCO * Steelmakers rush into India on rising auto, home demand SEOUL, Jan 31 (Reuters) - India's decision on Monday to approve POSCO's $12 billion steel mill will help the world's No. 3 steelmaker move toward its strategy of raising exports and gaining access to low-cost iron ore. The No.3 global steelmaker's 12-million-tonne steel project, ...

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