|
|
| |
|
|
POSCO to invest $582 million in Hyundai's Louisiana steel mill project-Stainless Steel Exhibition -The 26th China(Guangzhou)International Stainless Steel Industry Exhibition
12/18/2025 不锈钢展-Stainless Steel exhibition |
--------------------------------------------------------------------------------------------------------------- |
|
South Korea-based steelmaker POSCO has announced that it plans to invest approximately KRw 858.56 bilion($582 milion) to acquire a 20 percent stake in a new steel plant that South Korean steelmaker Hyundai Steelplans to build in Louisiana, US, according to a filing submitted to the US Securities and Exchange CommissionUnder the disclosed plan, the investment will be made through POS-Louisiana, a newly established localsubsidiary of POSCO.
In April, Hyundai Steel reached an agreement with POscO Holdings to collaborate on steel production in theUS, as SteelOrbis previously reported.
Investment structure and timeline
According to the filing, POScO''s investment will be made by the end of 2027. Pos-Louisiana will remain a 100percent-owned subsidiary of POSCO, serving as the vehicle for the US investment.
The investment decision reflects POSCO''s assessment of long-term demand trends in the North American steelmarket, particularly for environmentally friendly steel products.
New plant''s capacity
The Louisiana project is designed as an EAF-based steel mil, aligning with POScO''s broader strategy toexpand low-carbon steelmaking capacity. The new plant, which will have an annual production capacity of 2.7milion mt, will support the production of steel products for the automotive industry. The plant''s production isscheduled for start-up in 2029.
strategic importance of Us market
The planned investment strengthens POSCO''s industrial presence in the US and deepens cooperation withHyundai Steel, a key strategic partner. The move comes as global steelmakers continue to localize productionin maior end-markets to mitigate trade risks, tariffs and supply-chain disruptions.
By participating in the Louisiana EAF project, POScO aims to secure a stable production base in North Americawhile responding to shifting market conditions and customer requirements.
不锈钢展-2026第二十六届广州国际不锈钢工业展-Stainless Steel Exhibition -The 26th China(Guangzhou)International Stainless Steel Industry Exhibition
2026不锈钢展，2026不锈钢展会，2026不锈钢展览会，2026广州不锈钢展，2026广州不锈钢展会，2026广东不锈钢展，2026广东不锈钢展会，2026中国不锈钢展，2026中国不锈钢展会,2026不锈钢博览会-Stainless Steel Industry Exhibition,Stainless Steel expo, 2026 Stainless Steel exhibition, 2026 Stainless Steel expo, China Stainless Steel exhibition, China Stainless Steel expo,-Stainless Steel Industry event,Stainless Steel event, 2026 Stainless Steel event, 2026 Stainless Steel event, China Stainless Steel event, China Stainless Steel event
内容摘抄于网络,如有侵权,请联系删除 020-38620785,zheng@julang.com.cn
The content is excerpted from the internet. If there is any infringement, please contact us for deletion:+86- 20-38620785,zheng@julang.com.cn
|
|
|
|
|
