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POSCO to Invest US$582 Million in Hyundai Steel’s Louisiana Steel Mill
12/17/2025 - POSCO will invest US$582 million for a 20% stake in Hyundai Steel’s new electric arc furnace plant in Louisiana, according to GMK Center.
The total cost of the project is estimated at US$5.8 billion. Half of the funding will come from four companies including Hyundai Steel, Hyundai Motor, Kia and POSCO. The rest of the funding will come from external borrowing, GMK Center said.
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