# 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.

- Type: New facility
- Announced: 2025-01-07
- Where: New Orleans, Louisiana, United States
- Value: $7.00B
- Starts operating: 2029
- Status: announced
- Capacity: several million tons of steel sheet annually
- Products: steel sheet
- 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) (investor)

## Sources

- [mesteel.com](https://mesteel.com/news/hyundai-steel-set-to-build-new-plant-in-us-amid-rising-protectionism), 2025-01-07: "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."

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