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Hyundai Steel, Fives Sign Contract to Develop Advanced Coil Finishing Lines for New U.S. Flat Steel Mill
04/08/2026 - Fives Group announced it has signed a contract with Hyundai Steel to design and supply advanced coil finishing lines for automotive steel applications, supporting construction of a new flat steel mill in the U.S. by Hyundai-POSCO Louisiana Steel.
The companies said the new facility will require an investment of about US$5.82 billion and produce 650,000 metric tons of hot-rolled coil and 2.05 million metric tons of cold-rolled coil annually. It will use a direct reduction plant electric arc furnace (EAF) process to deliver low-carbon steel products. About 70% of its output will be dedicated to automotive steel applications.
“We are proud to support Hyundai Steel and POSCO in this landmark investment, which will play a key role in advancing automotive steel production in the United States,” said Frédéric Sanchez, chairman and chief executive officer at Fives.
The facility will be the world’s first fully EAF integrated steel mill dedicated to automotive steel production. The products will generate about 70% less CO2 emissions compared to blast furnace production, the companies said.
The companies said the project will establish a U.S.-based supply chain for automotive steel following increased demand from global automakers while expanding commercial-grade steel distribution across North America.
“We are proud to support Hyundai Steel and POSCO in this landmark investment, which will play a key role in advancing automotive steel production in the United States,” said Frédéric Sanchez, chairman and chief executive officer at Fives.
The facility will be the world’s first fully EAF integrated steel mill dedicated to automotive steel production. The products will generate about 70% less CO2 emissions compared to blast furnace production, the companies said.
The companies said the project will establish a U.S.-based supply chain for automotive steel following increased demand from global automakers while expanding commercial-grade steel distribution across North America.
