Hyundai's Low-Carbon Steel Plant in Donaldsonville Draws Opposition at Groundbreaking
The $5.8 billion project is expected to produce 2.7 million metric tons of steel a year and add 1,300 permanent jobs.
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$5.8B Hyundai-POSCO steel plant launches in Ascension Parish amid some opposition
Hyundai-POSCO Louisiana Steel held a ceremonial groundbreaking for its $5.8 billion plant in Ascension Parish, promising 1,300 jobs, as some residents and advocacy groups raise concerns.
Groundbreaking held for $5.8 billion Hyundai Steel mill, but no work to begin without permit
Hyundai executives and state and local officials held a groundbreaking ceremony Friday for a $5.8 billion steel mill in Ascension Parish, even though construction cannot begin because an air permit remains under review.
Hyundai Steel and POSCO are jointly building an electric furnace steelworks in Louisiana, USA. This plant is scheduled to produce 2.7 million tons of automotive steel sheets annually and supply them to Hyundai Motor and Kia's North American production bases. Amid rising U.S. steel tariff barriers, Korean steel companies are competing in the North American high-value-added steel market.
(Donaldsonville, Louisiana, USA = Yonhap News) Reporter Jang Bo-in = Hyundai Steel’s project to build an electric furnace steelworks in the United States took its first step on the 4th (local time).
Hyundai's low-carbon steel plant in Donaldsonville draws opposition at groundbreaking
DONALDSONVILLE — Officials broke ground on a new Hyundai steel plant in Donaldsonville.Hyundai describes the steel mill as a $5.8 billion investment in the city and state. Some residents told WBRZ they want Hyundai to leave."We are grateful for the partnership this community has shown us. We look forward to deepening our investment in Ascension Parish and creating lasting opportunities for its people and for future generations," said Senior Vice…
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