[SMM Steel] Hyundai-POSCO Louisiana Steel selects Danieli for low-carbon US steel project

Published: May 7, 2026 18:56

Save

[SMM Steel] Hyundai-POSCO Louisiana Steel LLC appointed Danieli to supply equipment for a new integrated steel plant in the US focused on low-carbon automotive steel production. The project includes a 2.5 million tpy ENERGIRON® DRI plant designed for hydrogen use and carbon capture, along with two electric arc furnaces capable of producing 2.88 million tpy. Danieli will also provide slab casters, secondary metallurgy systems, and reheating furnaces compatible with natural gas and hydrogen blends to support future decarbonization targets.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM HRC Daily Trading] Spot Cargo Trading Pulled Back

[SMM HRC Daily Trading] On May 7, the combined daily trading volume of HRC from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 16,260 mt, down 1,000 mt DoD (-5.8%), up 65.75% YoY (solar calendar), and up 46.09% YoY (lunar calendar).

1 hour ago

MMi Daily Iron Ore Report (May 7)

On May 7, 2026, the iron ore market showed a volatile but strengthening trend with intense trading activity. The main contract I2609 finally closed at 817 yuan/ton, up 0.62% from the previous trading session.

1 hour ago

2 hours ago

5.7 SMM Global Steel Daily Report

SMM News Flash: Indian steel mills sold around 200,000 tonnes of HRC at 580-600 USD/tonne CFR Vietnam since mid-April, while current SAE-grade offers increased to 600-610 USD/tonne CFR Vietnam. The higher offers reflect firmer regional pricing and tightening availability following previous transactions. Market sentiment is firm but cautious, with buyers becoming more resistant at elevated price levels.

2 hours ago