Posco, from South Korea, the world's fourth-largest steelmaker, is in talks about a separate plant.
Posco had an annual average earnings growth of 8.2% over the past 10 years.
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And South Korean steel giant Posco plans to list in New York next month.
Gale said no but invited Posco to be part of the competitive bidding for the remaining 70% of residential.
Posco rose in spite of a 42% drop in first quarter profit, on news it expects an improved second-quarter.
She recently roped in Marubeni, China Steel and Posco as strategic partners taking up 30% of the multibillion-dollar project.
Posco ( PKX) is the largest steel producer in South Korea and one of the largest in the world.
Big firms such as Hyundai, Samsung and Posco are believed to be making contingency plans for business with the north.
ECONOMIST: North Korea: Where the sun sinks in the east | The
That would be embarrassing, however, not only for Posco but for the South Korean government, which has publicly backed the Indian project.
Posco too has big ambitions: expecting to produce 30m tonnes of steel this year, it dreams of 50m within ten years' time.
Hyundai Motor added 1.3%, Posco rose 2.6% and LG Electronics gained 5.2%.
Yoo Sang-Boo is accused of forcing POSCO units and contractors to buy shares in a scandal-linked lottery firm at inflated prices, prosecutors said.
The trial's opening coincided with the formal indictment of the chairman of the world's largest steelmaker, POSCO, for his alleged involvement in the scandal.
GuruFocus rated Posco the business predictability rank of 3-star.
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It was one of only two companies worldwide (the other was Korea's Posco) to turn a profit making slabs in the fourth quarter last year, when steel prices hit their low point.
The dividend yield of Posco stocks is 2.23%.
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Currently, the top five companies that account for a third of stock holdings, he says, are non-Hyundai blue chips SK Telecom, power utility KEPCO, Samsung Electronics, Samsung Fire and Marine Insurance, and steel giant POSCO.
Posco--due 30% of the construction jobs, some commercial, some residential--cheekily asserted that going forward it would build all residential projects, trying to avoid holding equity in the riskier office buildings, of which it was obliged to front 30%.
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