Hyundai Steel Celebrates Louisiana EAF Steel Mill Project Launch, Driving Growth for U.S. Manufacturing

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Hyundai Steel announced a $5.8 billion electric arc furnace steel mill project in Louisiana, marking a major expansion of Hyundai Motor Group’s U.S. manufacturing footprint. The facility will be operated through a joint venture with POSCO, Hyundai Motor, and Kia, and commercial production is targeted for 2029. The mill will produce 2.7 million metric tons of steel annually, mainly for automotive use, and is expected to support 5,400 jobs. Hyundai positions the project as part of its broader $26 billion U.S. investment commitment and its push for lower-carbon industrial supply chains.

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