SEOUL, Feb 11, 2010 (Asia In Focus via COMTEX) -- POSCO (KSE:005490), South Korea's leading steelmaker, said Thursday that it has joined hands with ASTRON LTD. (ASX:ATR), an Australia-based company, to produce and sell fuel rods for nuclear power stations. The two companies signed on Monday the deal to set up a joint venture for the project, POSCO said.
* POSCO plans to build a plant to produce the fuel rods by next year and provide them both at home and abroad.
* Market watchers said that the steelmaker will be able to offer the fuel rods to four nuclear power stations to be built in the United Arab Emirates by a South Korean consortium by 2020.
Regards, Metall.
ATR Price at posting:
$2.00 Sentiment: Hold Disclosure: Held
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