Hyundai Steel Announces $5.8 Billion Electric Arc Furnace-based Integrated Steel Mill in the U.S., Driving Sustainable U.S. Steel Production and Creating over 1,300 Jobs
Hyundai Steel has announced a $5.8 billion investment to build its first overseas production base - an Electric Arc Furnace (EAF)-based integrated steel mill in Louisiana, USA. The facility will produce 2.7 million metric tons of steel annually, with commercial production set to begin in 2029.
The state-of-the-art mill will create over 1,300 jobs and focus on producing automotive steel plates. It will be strategically located near Hyundai Motor and Kia manufacturing plants in Alabama and Georgia. The facility will be the first EAF-based integrated steel mill in the US to integrate all production stages from raw materials to finished products.
The company is pursuing joint investment initiatives with Hyundai Motor Group and evaluating equity investment opportunities with strategic partners. The mill will incorporate Direct Reduced Iron (DRI) technology and capabilities for hot-rolled and cold-rolled steel plates, while reducing carbon emissions compared to conventional Blast Furnace operations.
Hyundai Steel ha annunciato un investimento di 5,8 miliardi di dollari per costruire la sua prima base produttiva all'estero - un'acciaieria integrata basata su Forno Elettrico ad Arco (EAF) in Louisiana, USA. L'impianto produrrà 2,7 milioni di tonnellate metriche di acciaio all'anno, con la produzione commerciale prevista per il 2029.
L'acciaieria all'avanguardia creerà oltre 1.300 posti di lavoro e si concentrerà sulla produzione di lamiere in acciaio per l'industria automobilistica. Sarà strategicamente posizionata vicino agli stabilimenti di Hyundai Motor e Kia in Alabama e Georgia. L'impianto sarà la prima acciaieria integrata basata su EAF negli USA a integrare tutte le fasi di produzione, dalle materie prime ai prodotti finiti.
L'azienda sta perseguendo iniziative di investimento congiunto con il Gruppo Hyundai Motor e sta valutando opportunità di investimento azionario con partner strategici. L'acciaieria incorporerà la tecnologia del Ferro Ridotto Diretto (DRI) e capacità per lamiere in acciaio laminato a caldo e a freddo, riducendo le emissioni di carbonio rispetto alle operazioni convenzionali del Forno a Cupola.
Hyundai Steel ha anunciado una inversión de 5.8 mil millones de dólares para construir su primera base de producción en el extranjero: una acería integrada basada en un Horno de Arco Eléctrico (EAF) en Luisiana, EE. UU. La instalación producirá 2.7 millones de toneladas métricas de acero anualmente, con la producción comercial programada para comenzar en 2029.
La moderna acería creará más de 1,300 empleos y se centrará en la producción de chapas de acero para la industria automotriz. Estará estratégicamente ubicada cerca de las plantas de fabricación de Hyundai Motor y Kia en Alabama y Georgia. La instalación será la primera acería integrada basada en EAF en EE. UU. en integrar todas las etapas de producción, desde las materias primas hasta los productos terminados.
La empresa está persiguiendo iniciativas de inversión conjunta con el Grupo Hyundai Motor y evaluando oportunidades de inversión en acciones con socios estratégicos. La acería incorporará tecnología de Hierro Reducido Directamente (DRI) y capacidades para chapas de acero laminadas en caliente y en frío, al tiempo que reducirá las emisiones de carbono en comparación con las operaciones convencionales de Horno de Altura.
현대제철은 미국 루이지애나에 전기 아크로( EAF) 기반의 첫 해외 생산 기지를 건설하기 위해 58억 달러 투자를 발표했습니다. 이 시설은 매년 270만 톤의 강철을 생산할 예정이며, 상업 생산은 2029년에 시작될 예정입니다.
최첨단 제철소는 1,300개 이상의 일자리를 창출하고 자동차 강판 생산에 중점을 둘 것입니다. 이 시설은 앨라배마와 조지아에 있는 현대자동차 및 기아 제조 공장 근처에 전략적으로 위치하게 됩니다. 이 시설은 원자재에서 완제품까지 모든 생산 단계를 통합하는 미국 최초의 EAF 기반 통합 제철소가 될 것입니다.
회사는 현대자동차 그룹과 공동 투자 이니셔티브를 추구하고 있으며, 전략적 파트너와의 지분 투자 기회를 평가하고 있습니다. 이 제철소는 직접 환원 철(DRI) 기술을 통합하고 열간 및 냉간 강판을 위한 능력을 갖추고 있으며, 기존의 고로 작업에 비해 탄소 배출을 줄일 것입니다.
Hyundai Steel a annoncé un investissement de 5,8 milliards de dollars pour construire sa première base de production à l'étranger : une aciérie intégrée basée sur un four à arc électrique (EAF) en Louisiane, aux États-Unis. L'installation produira 2,7 millions de tonnes métriques d'acier par an, avec le début de la production commerciale prévu pour 2029.
L'aciérie à la pointe de la technologie créera plus de 1 300 emplois et se concentrera sur la production de plaques d'acier pour l'industrie automobile. Elle sera stratégiquement située près des usines de fabrication de Hyundai Motor et Kia en Alabama et en Géorgie. L'installation sera la première aciérie intégrée basée sur EAF aux États-Unis à intégrer toutes les étapes de production, des matières premières aux produits finis.
L'entreprise poursuit des initiatives d'investissement conjoint avec le groupe Hyundai Motor et évalue des opportunités d'investissement en capital avec des partenaires stratégiques. L'aciérie intégrera la technologie du fer réduit directement (DRI) et des capacités pour des plaques d'acier laminées à chaud et à froid, tout en réduisant les émissions de carbone par rapport aux opérations conventionnelles de haut fourneau.
Hyundai Steel hat eine Investition von 5,8 Milliarden Dollar angekündigt, um seine erste Produktionsbasis im Ausland zu errichten - ein integriertes Stahlwerk auf Basis eines elektrischen Lichtbogenofens (EAF) in Louisiana, USA. Die Anlage wird jährlich 2,7 Millionen metrische Tonnen Stahl produzieren, wobei die kommerzielle Produktion für 2029 geplant ist.
Das hochmoderne Werk wird über 1.300 Arbeitsplätze schaffen und sich auf die Produktion von Automobilstahlplatten konzentrieren. Es wird strategisch in der Nähe der Fertigungsstätten von Hyundai Motor und Kia in Alabama und Georgia angesiedelt sein. Die Anlage wird das erste EAF-basierte integrierte Stahlwerk in den USA sein, das alle Produktionsstufen von Rohmaterialien bis zu fertigen Produkten integriert.
Das Unternehmen verfolgt gemeinsame Investitionsinitiativen mit der Hyundai Motor Group und bewertet Beteiligungsmöglichkeiten mit strategischen Partnern. Das Werk wird die Technologie des direkt reduzierten Eisens (DRI) integrieren und über Fähigkeiten für warm- und kaltgewalzte Stahlplatten verfügen, während die Kohlenstoffemissionen im Vergleich zu herkömmlichen Hochofenbetrieben reduziert werden.
- $5.8 billion investment establishes first overseas production facility
- 2.7 million metric tons annual production capacity
- Strategic location near major automotive plants reduces logistics costs
- Creation of 1,300+ new jobs
- Lower carbon emissions compared to traditional blast furnace operations
- Potential expansion to US automakers beyond Hyundai/Kia
- Long timeline to commercial production (2029)
- High capital expenditure requiring additional investment partners
- Dependent on successful joint investment with Hyundai Motor Group
- Hyundai Steel to produce 2.7 million metric tons of steel annually at new Electric Arc Furnace (EAF)-based integrated steel mill in
Louisiana ,U.S. - Significant investment to drive automotive steel manufacturing and reduce supply chain carbon emissions in the
U.S. - Commercial production of automotive steel plates targeted for 2029, ensuring stable, high-quality steel supply for global automakers, including Hyundai Motor and Kia
- Hyundai Steel builds its first overseas production base... Expansion into the
U.S. , where steel demand is robust, provides new growth engine
Hyundai Steel's
The EAF-based integrated steel mill will provide an annual steel production capacity of 2.7 million metric tons, with commercial production targeted to begin in 2029. The new mill will also incorporate advanced technologies for producing Direct Reduced Iron (DRI), alongside capabilities for hot-rolled and cold-rolled steel plates.
As the first EAF-based integrated steel mill in
Hyundai Steel is actively pursuing a joint investment initiative with Hyundai Motor Group to ensure stable capital deployment and reinforce the competitiveness of its
"Hyundai Steel's investment in an EAF-based integrated steel mill in the
Bold strategy for sustainable growth… Global recognition through high-end products
Hyundai Steel will respond to the diverse needs of domestic and overseas customers in a timely manner by building an EAF-based integrated steel mill capable of producing high-end products, including automotive steel, in the
Through localized production, the company will ensure a stable supply of high-quality, domestically produced steel plates to global automakers across America.
The mill will be strategically located near Hyundai Motor Company's
Hyundai Steel will also target markets in
Following successful operations at its
Hyundai Steel has more than 70 years of know-how in operating EAFs and has already produced about one million metric tons of automotive steel plates using EAF technology from 2007 to 2010. In October 2022, the company successfully completed the world's first test production of 1.0Gpa-grade carbon-reduced high-grade steel plate through EAF operations.
An official from Hyundai Steel stated, "By establishing a global production base, we aim to secure a foundation for future growth and solidify our position as a steel company capable of sustainable growth."
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SOURCE Hyundai Steel Company
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