Hyundai Steel selects Louisiana for $5.8B steel mill, creating 5,500 jobs

Hyundai Steel Company (HSC) selected Ascension Parish, Louisiana for its first North American steel manufacturing facility, a $5.8 billion investment. The mill is expected to create 1,400 direct jobs and 4,100 indirect jobs (total 5,500), produce 2.7 million metric tons of steel annually, and begin construction in Q3 2026.

“Hyundai Steel Company (HSC) selected Louisiana as a first-of-its-kind steel manufacturing facility.”gov.louisiana.gov

• 4 sources
• gov.louisiana.govGovernor Landry Joins President Trump to Announce Hyundai Motor Group Selects Louisiana as Site of First-of-its-Kind, $5.8 Billion Steel Manufacturing Facility | Office of Governor Jeff LandryMar 24, 2025
• theglobeandmail.comHyundai, Trump announce $21-billion U.S. investment, new steel plant - The Globe and MailSteve Holland, David Shepardson, Heekyong YangMar 24, 2025
• prnewswire.comHyundai 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 JobsHyundai Steel CompanyMar 25, 2025
• koreaittimes.comHyundai Steel Secures Future Growth Drivers through Construction of Steel Mill in Louisiana, USA - Korea IT TimesLee Jun-sungApr 24, 2025

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