Following are excerpts from a report in english.chosun.com.

… After a rough start, POSCO is expected to finally have a site allocated for a planned steel mill in India, while an investment in a new Vietnam steel mill is likely to move ahead in October.

According to POSCO on Wednesday, the Indian government recently made it known that they plan to determine whether to give environmental clearance for the 4,004 acre site in Paradip in the province of Orissa.

Some 3,566 acres or 89.1 percent of the site of the planned one-stop steel system belongs to the government. Of that, 3,097 acres (86.9 percent) is forest land. For now, POSCO has only secured 193 acres (4.8 percent).

A POSCO official said, "The final decision has not yet been made, but we heard that the site might be released from the forest zone soon. The state-owned land accounts for nearly 90 percent of our site. In other words, if the area is released from the forest zone, the biggest obstacle to our effort to secure the site disappears."