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    September 4, 2026

    Hyundai holding ceremonial groundbreaking on Louisiana EAF mill: Report

    Written by Ethan Bernard

    South Korea’s Hyundai Steel is holding a ceremonial groundbreaking on its electric-arc furnace (EAF) mill in Louisiana on Friday, according to local media reports.

    A Hyundai spokesperson told the Louisiana Radio Network on Friday that the mill “allows us to not rely on geopolitics or foreign countries to determine what the supply chain is when it comes to vehicle manufacturing in the US.”

    As previously reported, the $5.8-billion mill is a joint project with fellow South Korean steelmaker POSCO, which confirmed a 20% stake in the proposed EAF mill in December 2025.

    The mill in Ascension Parish, La., will produce hot-rolled coil and cold-rolled coil. It will have annual capacity of nearly 3 million short tons (2.7 million metric tons). Operations are slated to begin in 2029.

    Back in May, SMU reported that Hyundai and POSCO chose Italian mill equipment provider Danieli to build several installations at the proposed mill.

    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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