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Uranium: Analysts Forgot Yellow Cake

Japan Steel Works (JSW), currently maintains a large lead in production capacity of single piece heavy forgings used in the manufacture of reactor pressure vessels. This capacity is currently ~4 reactors/year but a very large capacity expansion program (~$800,000,000) is underway and will triple output to ~12 reactors/yr. by 2012. In addition to the JSW expansion Doosan Heavy Industries in South Korea is also undertaking a major capability expansion and has received contracts from Westinghouse to provide large forgings for reactor vessels and steam generators for projects in China and the U.S.