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    December 17, 2025

    Posco affirms 20% stake in Louisiana EAF mill with Hyundai

    Written by Ethan Bernard

    Posco has confirmed a 20% stake in a joint EAF mill in Louisiana with fellow South Korean firm Hyundai, an investment valued at $582 million.

    The Pohang, South Korea-based steelmaker said the mill will serve “as a means to respond to changes in the North American steel market and to secure a foundation for sustainable automotive steel production,” according to a US SEC Form 6-K filed on Wednesday.

    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.

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