# 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.

- Type: New facility
- Announced: 2025-03-24
- Where: Ascension Parish, Louisiana (RiverPlex Megapark), United States
- Value: $5.80B
- Jobs: 5,500
- Starts operating: Q3 2026
- Status: announced
- Capacity: 2.7 million metric tons of steel per year
- Products: steel coils
- 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

- [gov.louisiana.gov](https://gov.louisiana.gov/index.cfm/newsroom/detail/4808), 2025-03-24: "Hyundai Steel Company (HSC) selected Louisiana as a first-of-its-kind steel manufacturing facility."
- [theglobeandmail.com](https://www.theglobeandmail.com/business/article-hyundai-trump-announce-21-billion-us-investment-new-steel-plant/), 2025-03-24: "This investment is a clear demonstration that tariffs very strongly work."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hyundai-steel-announces-5-8-billion-electric-arc-furnace-based-integrated-steel-mill-in-the-us-driving-sustainable-us-steel-production-and-creating-over-1-300-jobs-302409854.html), 2025-03-25: "Hyundai Steel has announced a significant investment of $5.8 billion to establish a new, state-of-the-art EAF-based integrated steel mill in Louisiana."
- [koreaittimes.com](https://www.koreaittimes.com/news/articleView.html?idxno=140662), 2025-04-24: "Hyundai Steel previously announced an investment in an electric arc furnace integrated steel mill in Louisiana, USA, at the end of March."

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