Insignia Consultants | Hyundai Steel to build plant in Louisiana with annual output of 2.7 million tonnes

Hyundai Steel to build plant in Louisiana with annual output of 2.7 million tonnes

SEOUL, March 25 (Reuters) - South Korea's Hyundai Steel (004020.KS), opens new tab will invest $5.8 billion along with Hyundai Motor Group (005380.KS), opens new tab to build a plant in Louisiana in the United States with an annual capacity of 2.7 million tonnes, the company said in a regulatory filing on Tuesday.

This is part of Hyundai Motor's $21 billion investment in the United States, which was announced by the company on Monday with President Donald Trump at the White House.

https://www.reuters.com/markets/commodities/hyundai-steel-build-plant-louisiana-with-annual-output-27-million-tonnes-2025-03-25/

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