Hyundai to build new $5.8 billion steel mill in Louisiana

BATON ROUGE, La. (Louisiana First) — Gov. Jeff Landry joined President Donald Trump at the White House Monday afternoon to announce a major economic development for Louisiana.

According to the Louisiana Economic Development (LED), Hyundai Motor Group is investing $5.8 billion in a new steel mill in Donaldsonville aimed at supplying its U.S. assembly plants. 

“We plan to supply automotive steel plates not only for Hyundai Motor and Kia’s strategic models but also to expand sales to U.S. automakers in the future,” Hyundai Steel Company President and CEO Gang Hyun Seo said.

The new plant would create 1,300 direct new jobs with an average salary of $95,000 and about 4,100 indirect new jobs.

“Hyundai’s decision to invest nearly $6 billion in Ascension Parish speaks volumes about Louisiana’s skilled workforce, robust infrastructure and our ability to compete for innovative manufacturing facilities,” Landry said. “This announcement makes clear that Louisiana’s manufacturing sector is roaring back, thanks to our historic tax reforms, our business-friendly approach and the many competitive advantages our state has to offer international powerhouses like Hyundai.”

The mill is expected to produce 2.7 million metric tons of steel each year while producing 70% lower emissions using an electric arc furnace. 

Construction is expected to begin in the third quarter of 2026.

The announcement is scheduled for 1 p.m. central time. Watch it live in this article.

Louisiana leaders react to investment

“Made in America is good, but made in Louisiana is even better! My team has advocated to Hyundai that Louisiana is the best state to invest in. I’m glad they agree! Thank you to President Trump and Governor Landry for their support for American manufacturing and Louisiana jobs.”
Sen. Bill Cassidy

“Today’s announcement from Hyundai Steel is a major milestone in fortifying America’s manufacturing future. I’m proud to have voted for the Inflation Reduction Act, which created the incentives driving manufacturing investment in Louisiana and across the nation. This investment in Louisiana addresses the growing need for a resilient, secure domestic supply chain. As demand for locally produced, high-quality automotive steel continues to rise, this state-of-the-art facility will play a critical role in supporting Hyundai Motor Group’s U.S. production operations and driving economic growth across the region. With 1,300 direct jobs and thousands more in the supply chain, this is a significant leap forward in ensuring the strength and security of U.S. manufacturing for years to come. I look forward to working with Hyundai to ensure that the company addresses community concerns and provides training and career opportunities to our residents.”
Congressman Troy A. Carter

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