Hyundai Steel has unveiled plans for a US$5.8 billion electric arc furnace (EAF)-based integrated steel mill in Louisiana, US.
The facility will focus on producing high-grade automotive steel while significantly reducing carbon emissions compared to traditional blast furnace operations.
A major investment to boost the US steel sector, the project is expected to generate more than 1,300 jobs and contribute to the growth of automotive manufacturing in the US.
“Hyundai Steel's investment in an EAF-based integrated steel mill in the U.S. is anticipated to stimulate local economic growth, including the creation of new job opportunities.''
Seo Gang-Hyun, president and CEO, Hyundai Steel
Hyundai Steel president and CEO, Seo Gang-Hyun said: “Hyundai Steel's investment in an EAF-based integrated steel mill in the U.S. is anticipated to stimulate local economic growth, including the creation of new job opportunities. We plan to supply automotive steel plates not only for Hyundai Motor and Kia’s strategic models but also to expand sales to US automakers in the future."
The Louisiana mill will have an annual production capacity of 2.7 million metric tonnes, with commercial operations scheduled to commence in 2029.
The plant will integrate advanced direct reduced iron (DRI) technology, along with hot-rolled and cold-rolled steel plate production.
It represents Hyundai Steel's first overseas production base, positioning it strategically in a region with strong steel demand.
Source: Manufacturing Digital