Hyundai Steel to open a $5.8 billion EDP plant in Louisiana in September

On September 4, South Korean company Hyundai Steel will hold a groundbreaking ceremony for its integrated steel mill based on a $5.8 billion electric arc furnace in Louisiana, marking the beginning of the main construction phase of the project.

The ceremony is expected to be attended by senior officials from the U.

S. and South Korean governments, representatives from the State of Louisiana, and executives from Hyundai Motor Group and POSCO Group, although the final list of participants has not yet been confirmed.

As previously reported by SteelOrbis, Hyundai Steel and POSCO are jointly developing a 2.8 million-ton plant at the RiverPlex MegaPark in Voznesenie Parish, with commissioning scheduled for 2029. The plant will produce low-carbon automotive steel with high added value for Hyundai Motor Group's operations in the United States and other North American automakers.

The partners have chosenDanieli and Tenovafor direct reduction and steel production plants,SMS Groupfor rolling mills andFives Groupfor roll processing lines, while Hyundai Steel has also signedresearch agreement with Louisiana State University, covering technology development and staff training.

Bora KadyogluEditor

I graduated from Bogazichi University with a degree in Translation and Interpretation. I have been working in the steel sector for three years as a content specialist at SteelOrbis, mainly dealing with