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(AFX UK Focus) 2009-11-12 05:26
POSCO not yet found site of Vietnam steel mill
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SEOUL, Nov 12 (Reuters) - POSCO Co Ltd, the woeld's No.4 steelmaker, said it has not yet found a suitable site to build a steel mill in Vietnam after its earlier proposal to build a plant in Van Phong Bay was rejected.
The Vietnamese government had asked the South Korean steel company to pick annother area, citing environmental reasons and other projects.
"We have been studying other sites, but have not yet chosen a location," POSCO told the Korea Exchange in a filing.

(Reporting by Kim Yeon-hee; Editing by Chris Lewis)

((yeonhee.kim@thomsonreuters.com; +82 2 3704 5646; Reuters Messaging: yeonhee.kim.reuters.com@reuters.net)) Keywords: POSCO VIETNAM/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com)

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