Residents and activists still fighting the Ascension Parish Hyundai steel mill after bond approval

Hyundai wins $1.3 billion in tax-free financing for Louisiana steel mill

The loans are on top of $2.6 billion in already announced direct and indirect incentives for the project.

Residents and activists still fighting the Ascension Parish Hyundai steel mill after bond approval

ASCENSION PARISH — The Louisiana Bond Commission approved more than $1 billion to help fund the construction of a Hyundai steel mill in Ascension Parish.The company asked for approval of two separate bonds, totaling more than a billion dollars, after holding a celebratory groundbreaking two weeks ago.Tim Johnson with TJC Group, which represents Hyundai locally, told the commission the bonds had to be approved to move forward with the project."Wh…

Louisiana State Bond Commission Hurriedly Combines Agenda Items, Approves $1.3 Billion in Bonds to Benefit Hyundai Despite Unresolved Legal Challenge and Financial Red Flags

Louisiana State Bond Commission Hurriedly Combines Agenda Items, Approves $1.3 Billion in Bonds to Benefit Hyundai Despite Unresolved Legal Challenge and Financial Red FlagsSeptember 17, 2026September 17, 2026, Baton Rouge, LA – The Louisiana State Bond Commission today approved two bond issuances totaling more than $1.3 billion for the Hyundai-POSCO Steel Louisiana ("HPLS") project in...