POSCO PIDD compliance with the korea exchange disclosure

  POSCO (PIDD) - compliance with the korea exchange disclosure

RNS Number : 8524Q
POSCO
12 November 2012




                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                      

                                   Form 6-K

                       REPORT OF FOREIGN PRIVATE ISSUER

                   PURSUANT TO RULE 13a-16 OR 15D-16 UNDER

                     THE SECURITIES EXCHANGE ACT OF 1934

                                      

For the month of November, 2012

Commission File Number: 1-13368

POSCO

(Translation of registrant's name into English)



          POSCO Center, 892 Daechi 4-dong, Kangnam-gu, Seoul, Korea,
                     135-777

                   (Address of principal executive office)



(Indicate by  check mark  whether the  registrant files  or will  file  annual 
reports under cover of Form 20-F or

Form 40-F.)



 Form20-F  [ x  ]   
Form 40-F [ ____ ]



[Indicate by check mark whether  the registrant by furnishing the  information 
contained in this Form is also

thereby  furnishing  the  information  to  the  Commission  pursuant  to  Rule 
12g3-2(b) under the Securities Exchange Act of 1934.



Yes [ ____ ]  No [ x ]



[If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b) : 82- .]





















POSCO is furnishing under cover of Form 6-K:



Exhibit 99.1: An  English-language translation  of documents  with respect  to 
compliance with the korea exchange disclosure requirement.









COMPLIANCE WITH THE KOREA EXCHANGE DISCLOSURE REQUIREMENT REGARDING (REPORT
OF) ESTABLISHMENT OF THE SECOND STEELWORKS IN INDIA





POSCO has signed a memorandum of understanding with the Government of
Karnataka in June 2010 to collaborate in the construction of an integrated
steel mill in India.



POSCO has filed applications for mining lease with the State Government of
Karnataka and is in the process of acquiring land to construct an integrated
steel mill near Bellary mining sector in the State of Karnataka. However, due
to the cease and desist order from the Supreme Court of India on every mining
activities in the State of Karnataka as a result of illegal mining operations
therein and the political instability of the State of Karnataka, both the
mining lease applications process and land acquisition process are being
delayed.



POSCO has not yet made any decisions regarding the construction of an
integrated steel mill ("Project"). In accordance with the disclosure
requirements under the Korea Exchange regulations, however, POSCO will
promptly disclose any material information regarding the Project within six
(6) months from the date when any such information is made available.





                                  SIGNATURES

 Pursuant to the  requirements of the Securities  Exchange Act of 1934,  the 
registrant has duly  caused this  report to  be signed  on its  behalf by  the 
undersigned, thereunto duly authorized.



                           

 POSCO

                                  

(Registrant)



Date:              November              12,              2012 

By /s/ Park, Han-Yong

                          

(Signature)*

*Print the name and title under the signature of the signing officer.

Name: Park, Han-Yong

Title: President and Representative Director



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCBTBFTMBBBMLT -0- Nov/12/2012 07:00 GMT