Hyundai formalizes plan to build $5.8B steel mill in Louisiana

South Korea’s Hyundai has formally announced a nearly $6-billion investment to build an EAF steel mill in Louisiana to supply steel for the company’s automotive interests in the southeastern US.

“We’re delighted to report that Hyundai is announcing a major $5.8-billion investment in American manufacturing,” President Trump said at a White House press conference on Monday.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.