Hyundai plans to build new steel mill in Louisiana
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Update time : 2025-01-16 21:28:13
South Korea’s automotive giant Hyundai planned to invest more than US$6 billion to establish a steel mill near Donaldsonville, Louisiana, to supply its US Hyundai and Kia vehicle assembly plants.
The project, expected to create around 1,300 full-time jobs, will occupy re-zoned sugar cane fields in Ascension Parish.
Following a December agreement on tax and other incentives with state officials, construction could start in 2026, awaiting related regulatory approvals, with operations beginning by 2029.
