Hyundai Steel plans $7B steel mill in Louisiana, US

Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, with an investment of around 10 trillion won ($7 billion). Construction could begin as early as spring 2026, with completion expected by 2029.

“Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, to shield itself from potential protectionist policies under Donald Trump's second term.”mesteel.com

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• mesteel.comHyundai Steel set to build new plant in US amid rising…Jan 7, 2025

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