Hyundai Steel Breaks Ground on Louisiana Electric Arc Furnace Steel Mill
Hyundai Steel has officially launched construction of a major electric arc furnace steel mill in Louisiana, marking a significant step in Hyundai Motor Group’s efforts to build a more localized manufacturing and materials supply chain in the United States.Hyundai Steel said Sept. 6 that it held a gr
Hyundai Steel has officially begun construction of a new electric arc furnace steel mill in Louisiana, as part of Hyundai Motor Group's efforts to bolster its manufacturing and materials supply chain in the United States. The $5.8 billion project, known as HPLS, is expected to begin commercial production in 2029 and will have an annual production capacity of around 2.7 million tons of hot-rolled, cold-rolled, and galvanized steel products, including about 1.8 million tons of automotive steel.
The facility will be a significant source of local steel supply for Hyundai Motor Group's growing manufacturing operations in North America and other automakers operating in the region, helping to address supply chain uncertainty and rising trade barriers. The electric arc furnace-based process will reduce carbon emissions by approximately 70% compared to conventional blast furnace production, positioning the Louisiana plant as a strategic production base for low-carbon steel.
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