Disclosed herein are zirconium-based alloys that may be fabricated to form nuclear reactor components, particularly fuel cladding tubes, that exhibit sufficient corrosion resistance and hydrogen absorption characteristics, without requiring a late stage α+β or β-quenching processes. The zirconium-base alloys will include between about 1.30-1.60 wt % tin; 0.0975-0.15 wt % chromium; 0.16-0.24 wt % iron; and up to about 0.08 wt % nickel, with the total content of the iron, chromium and nickel comprising at least about 0.3175 wt % of the alloy. The resulting components will exhibit a surface region having a mean precipitate sizing of between about 50 and 100 nm and a Sigma A of less than about 2×10−19 hour with the workpiece processing generally being limited to temperatures below 680° C. for extrusion and below 625° C. for all other operations, thereby simplifying the fabrication of the nuclear reactor components while providing corrosion resistance comparable with conventional alloys.