Hyundai Steel signs $650M contract with Danieli for Louisiana steel mill equipment

Hyundai Steel signed a $650 million contract with Danieli to supply equipment for an electric-arc-furnace integrated steel mill in Louisiana, including a DRI plant and electric arc furnace. The mill will produce 2.7 million tons of steel annually starting in 2029.

“Hyundai Steel plans to produce 2.7 million tons of steel products annually there starting in 2029 while cutting carbon emissions by up to 70% compared with the blast furnace process.”biz.chosun.com

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• biz.chosun.comHyundai Steel wins $650M Danieli deal to supply Louisiana electric-arc steel mill - CHOSUNBIZYang Beom-sooJan 8, 2026

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