Hyundai Announces $5.8 Billion Louisiana Steel Mill for Auto Supply

URLhttps://www.industryweek.com/leadership/growth-str
SourceIndustryWeek
Date Published03/25/2025
Author NameRyan Secard

Additional Reshoring Information:

Company/Division name Hyundai Steel Company
Parent companyHyundai Steel Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1300
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2029
Capital investment ($):5800
Country(ies) from which reshored:Korea, South
City reshored to:Donaldsville
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredelectric arc furnace steel mill
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Raw Materials Cost
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