[Hyundai to build new $5.8 billion steel mill in Ascension Parish](https://www.wafb.com/2025/03/24/report-hyundai-build-new-5-billion-steel-mill-ascension-parish/)

The company anticipates construction to begin in the third quarter of 2026.

>GONZALES, La. (WAFB) - Governor Jeff Landry joined President Trump Monday at the White House to announce Hyundai Motor Group is building a $5.8 billion new manufacturing facility in Louisiana.

>This first-of-its-kind site marks Hyundai’s inaugural North American steel facility, establishing a fully integrated, made-in-America supply chain to support its automotive manufacturing operations across the United States.

More information about this investment. Bring production back to USA 

BlokchainB

Stacker_Stocks

Shares of Hyundai Steel fell 7% despite the company's announcement of a $5.8 billion investment in a US steel plant. Analysts have raised concerns about how the debt-laden company would fund the construction. 

![](https://m.stacker.news/84051)