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Area Development - Site Selection, Facility Planning and Workforce Development

Hyundai Steel Company Plans Ascension Parish, Louisiana, Manufacturing Operations

03/25/2025
Hyundai Steel Company, a member of Hyundai Motor Group, plans to establish manufacturing operations in Donaldsonville, Louisiana. The $5.8 billion project is expected to create 1,300 jobs in Ascension Parish.

The investment will include the construction of an ultra-low carbon steel production facility, located on approximately 1,700 acres at the RiverPlex MegaPark, which will import 3.6 million tons of iron ore annually and allow the company to establish a fully integrated, made-in-America supply chain to support its automotive manufacturing operations across the U.S.

“Hyundai Steel’s investment in an electric arc furnace (EAF) based integrated steel mill in the U.S. is anticipated to stimulate local economic growth, including the creation of new job opportunities,” Hyundai Steel Company President and CEO Gang Hyun Seo said. “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.”

To support the project the state of Louisiana offered Hyundai Steel Company an incentives package including a $100 million performance-based grant for infrastructure improvements. The company is also expected to participate in the state’s Quality Jobs program.

“The effort to attract and secure Hyundai Motor Group in Louisiana is the most recent example of how our whole-of-Louisiana approach is making our state more competitive by fostering an economic ecosystem that provides an ease of doing business,” Louisiana Economic Development (LED Secretary Susan B. Bourgeois noted. “Positioning Louisiana to win means working as a team with a focus on what matters: The people and future of our state. It offers residents new career opportunities that provide growing wages and a stake in a sustainable, thriving future.”

Hyundai Steel Company manufactures a variety of products including H-beams, rail and reinforcing bars, hot coil, cold-rolled steel, and stainless cold-rolled sheet. In addition to Hyundai Steel, the Hyundai-Kia Motor group includes steel companies such as Hyundai Special Steel and BNG Steel Co., Ltd. (formerly Sammi Steel Co., Ltd. Stainless CR).

“Hyundai Steel Company represents the largest single economic development project announcement in our region since the formation of BRAC in 2005,” added Baton Rouge Area Chamber (BRAC) President and CEO Lori Melancon. “Located in the RiverPlex MegaPark — established in 2015 through a partnership between Ascension Economic Development Corporation, BRAC, LED, and local landowners — this investment will create significant opportunities across the region while advancing new low-carbon projects in the energy and manufacturing sectors. The vision of all involved in the RiverPlex MegaPark 10 years ago is now delivering dividends for our regional economy. Congratulations to Hyundai Steel Company, our partners, and our neighbors in Ascension Parish. We are delighted to welcome HSC to Louisiana’s Capital Region, and remain committed to supporting their success.”

“This transformative investment from Hyundai Steel Company is a game-changer for Ascension Parish, introducing a new industry and creating abundant high-paying job opportunities for our community,” said Ascension Economic Development Corporation President and CEO Kate MacArthur. “By working closely with our partners, we remain committed to attracting new investment, developing a skilled workforce, enhancing our community, and driving long-term economic growth.”

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