Hyundai Steel Begins Construction Of $5.8B Louisiana Steel Mill

URLhttps://businessfacilities.com/hyundai-steel-begin
SourceBusiness Facilities
Date Published09/17/2026

Additional Reshoring Information:

Company/Division name Hyundai Steel Company
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1300
Year reshoring announced:2026
Domestically, the work will be done:In-house
Capital investment ($):5800
Country(ies) from which reshored:Korea, South
City reshored to:Ascension Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Proximity to customers/market
Find Reshoring Articles