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    Government/Policy

    September 21, 2026

    Louisiana OKs up to $1.3B in bonds for proposed Hyundai-POSCO mill

    Written by Ethan Bernard

    The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.

    The Louisiana State Bond Commission’s Sept. 17 agenda included up to $900 million in bonds through the Louisiana Public Facilities Authority and up to $400 million through the Port of South Louisiana. Subsequent local media reports said the commission approved both measures.

    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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