Company/Division name | Hyundai Steel Company |
Parent company | Hyundai 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) reshored | electric 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 |