POSCO Joins Hyundai Steel's $5.8 Billion US Plant Project

Published: Apr 21, 2025 16:07

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POSCO to Participate in Hyundai Steel's $5.8 Billion US Plant Project

On April 21, POSCO announced that it had signed a memorandum of understanding with Hyundai Motor Group to participate in the construction of Hyundai Steel's plant in the US and strengthen cooperation in the steel and battery sectors. Last month, Hyundai Steel announced plans to invest $5.8 billion by 2029 to build an integrated steel mill in Louisiana, US, with the goal of commencing operations in the same year.

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