Hyundai Steel held a groundbreaking ceremony for its new manufacturing facility in Donaldsonville, Ascension Parish, Louisiana, on September 4, 2026. As reported by 1012industryreport.com, the company marked the start of construction on the $5.8 billion project, which follows months of site preparation work.
What it means
The facility is designed to produce low-carbon steel using electric arc furnace technology. Commercial operations are scheduled to commence in the first quarter of 2029. Full construction activities remain contingent upon the Louisiana Department of Environmental Quality approving the proposed air permit for the site.
Key facts
- $5.8 billion: Total estimated cost of the Hyundai Steel plant.
- Donaldsonville, Ascension Parish, Louisiana: Location of the new mill.
- September 4, 2026: Date of the groundbreaking ceremony.
- First quarter 2029: Target date for the start of commercial production.
- Louisiana Department of Environmental Quality: Agency responsible for reviewing the air permit.
Source: 1012industryreport.com