- Hyundai Steel to produce 2.7 million metric tonnes of steel per year in a new integrated steel based on electric arc (EAF) in LouisianaWE
- Significant investment to stimulate the manufacture of automotive steel and reduce carbon emissions from the supply chain in the United States
- Commercial production of targeted automotive steel plates for 2029, guaranteeing a stable and high quality steel diet for world car manufacturers, including Hyundai Motor and Kia
- Hyundai Steel builds its first production base abroad … Expansion in the United States, where the demand for steel is robust, provides a new growth engine
WASHINGTON And Seoul, South Korea,, March 25, 2025 / Prnewswire / – Hyundai Steel Company announced a significant investment of $ 5.8 billion To establish a new steel integrated at the cutting edge of the technology Louisiana.
Hyundai Steel’s Louisiana Mill will focus on the production of steel plates for the automotive industry, stimulating the growth of American manufacturing capacities and creating more than 1,300 jobs in the state, while strengthening Hyundai Steel’s commitment to sustainable steel production.
The EAF -based integrated steel factory will offer an annual steel production capacity of 2.7 million metric tonnes, with commercial production intended to start in 2029. The new mill will also incorporate advanced technologies to produce direct reduced iron (DRI), as well as hot and cold steel plaques capacities.
Like the first integrated EAF aciérial in The United States To integrate all stages of steel production, from raw materials to finished products, the new Hyundai Steel factory will produce high -grade automobile steel while reducing carbon emissions compared to conventional high furnace operations (BF).
Hyundai Steel actively pursues a joint investment initiative with Hyundai Motor Group to ensure a deployment of stable capital and strengthen the competitiveness of its American activities. In parallel, the company assesses investment opportunities in stocks with strategic partners.
“The investment of Hyundai Steel in an integrated steel mill based on the EAF in the United States should stimulate local economic growth, including the creation of new employment opportunities. We plan to provide automobile steel plates not only for Hyundai Motor and the strategic models of Kia, but also to extend sales to American car manufacturers in the future” Hyundai Steel and CEO, SEO Gang-Hyun.
Daring strategy for sustainable growth … global recognition through high -end products
Hyundai Steel will meet the various needs of domestic and foreign customers in a timely manner by building an integrated steel mill based on the EAF capable of producing high-end products, including the steel automobile, in the United States
Thanks to a localized production, the company will provide a stable offer of steel plates produced in the country to world car manufacturers across America.
The mill will be strategically located near the Hyundai Motor Company Montgomery, Alabama And let’s go West Point, Georgia Manufacturing factories – as well as the Hyundai Motor Group Metaplant America (HMGMA) installation in Savannah, Georgia – Give a competitive advantage in the supply of automotive steel.
Hyundai Steel will also target markets in Latin America And Europe. The company will collaborate with world car partners and investors to continually improve innovations in research, development and production.
Follow successful operations to his Louisiana Mill, Hyundai Steel will adopt the integrated steel factory system based on EAF in its factories in South Koreamoving towards the integration of a carbon neutral production system. In addition, by taking advantage of its increased recognition of the global brand, Hyundai Steel is looking forward to securing new customers for products in steel products in South Korea.
Hyundai Steel has more than 70 years of know-how in the operation of EAF and has already produced around a million metric tonnes of automotive steel plates using EAF technology from 2007 to 2010. October 2022The company has managed to complete the world’s leading production of high -quality steel hoard reduced in 1.0 GPA carbon through EAF operations.
An official of Hyundai Steel said: “By establishing a global production base, we aim to guarantee a basis for future growth and to solidify our position as a steel company capable of sustainable growth.”
Source Hyundai Steel Company
