UPDATE 1-POSCO cheers India decision, mining rights eyed

Newswire

* Separate court ruling on mining rights expected in H1 2012 * POSCO says overseas expansion critical * Steelmakers rushing into India on rising auto, home demand (Adds details, comments) By Hyunjoo Jin SEOUL, Jan 31 (Reuters) - India's decision on Monday to approve construction of a $12 billion steel mill by South Korea's POSCO will help the world's No.3 steelmaker raise exports and gain access to low-cost iron ore, analysts said. Along with the world's top steelmaker ...

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