Hyundai Motor Group’s new $6B steel mill in Louisiana will help reduce tariff exposure

Hyundai Motor Group executive chairman Euisun Chung called the $6 billion investment in the Hyundai Steel mill a “key part" of the $21 billion commitment. — At a White House press conference, Hyundai Motor Group executive chairman Euisun Chung, center, called the $6 billion investment in the Hyundai Steel mill a “key part" of the $21 billion commitment. (SCREENSHOT)

March 25, 2025 10:59 AM

Hyundai Motor Group said it will spend $6 billion to establish a steel mill in Louisiana operated by Hyundai Steel, capable of producing 2.7 million tons of steel each year.

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