# Hyundai Steel launches $5.8B EAF steel mill project in Louisiana

Hyundai Steel held a ceremonial event for a $5.8 billion Electric Arc Furnace-based integrated steel mill in Ascension Parish, Louisiana. The facility, operated by HYUNDAI-POSCO Louisiana Steel LLC, will have an annual capacity of 2.7 million metric tons and is targeted for commercial production in 2029, creating 1,300 direct jobs.

- Type: New facility
- Announced: 2026-09-04
- Where: Ascension Parish, Louisiana, United States
- Value: $5.80B
- Jobs: 1,300
- Starts operating: 2029
- Status: under construction
- Capacity: 2.7 million metric tons per year
- Products: automotive steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [HYUNDAI STEEL](https://endata.com/companies/45234.md)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (partner)
- [POSCO](https://endata.com/companies/8856.md) (partner)
- [Kia](https://endata.com/companies/10600.md) (partner)
- [Hyundai-POSCO Louisiana Steel](https://endata.com/companies/91204.md) (partner)

## Sources

- [hyundaimotorgroup.com](https://www.hyundaimotorgroup.com/en/news/hyundai-steel-celebrates-louisiana-eaf-steel-mill-project-launch-driving-growth-for-us-manufacturing), 2026-09-05: "Hyundai Steel Company held a ceremonial event today for a $5.8 billion Electric Arc Furnace-based integrated steel mill in Louisiana"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.