Hyundai Steel Announces $5.8 Billion Electric Arc Furnace-based Integrated Steel Mill in the U.S., Driving Sustainable U.S. Steel Production and Creating over 1,300 Jobs
Hyundai Steel to produce 2.7 million metric tons of steel annually at new Electric Arc Furnace (EAF)-based integrated steel mill in Louisiana, U.S.
Significant investment to drive automotive steel manufacturing and reduce supply chain carbon emissions in the U.S.
Commercial production of automotive steel plates targeted for 2029, ensuring stable, high-quality steel supply for global automakers, including Hyundai Motor and Kia
Hyundai Steel builds its first overseas production base... Expansion into the U.S., where steel demand is robust, provides new growth engine
WASHINGTON and SEOUL, South Korea, March 24, 2025 /PRNewswire/ -- Hyundai Steel Company has announced a significant investment of $5.8 billion to establish a new, state-of-the-art EAF-based integrated steel mill in Louisiana.
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