Hyundai Steel to build new plant in Louisiana with annual output of 2.7 million tonnes
24/03/2025 22:48
SEOUL, March 25 (Reuters) - South Korea's Hyundai Steel 004020.KS will invest $5.8 billion along with Hyundai Motor Group 005380.KS to build a plant in Louisiana in the United States with an annual capacity of 2.7 million tonnes, the company said in a regulatory filing. Hyundai Motor Group 005380.KS announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday. (Reporting by Hyunsu Yim; Editing by Chris Reese) ((Hyunsu.Yim@thomsonreuters.com;))
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