Goyang: Hyundai Steel Co., South Korea's second-largest steelmaker, announced plans to unveil a miniature model of its prospective electric arc furnace (EAF) steel mill in the United States at a hydrogen exhibition this week. This development is set to take place at the World Hydrogen Expo 2025, hosted at the KINTEX exhibition center in Goyang, located just north of Seoul, from Thursday to Sunday.
According to Yonhap News Agency, Hyundai Steel will also present detailed plans for the U.S. steel plant, which is scheduled to commence operations in 2029. This presentation will include the company's mid- to long-term technology roadmap for transitioning to hydrogen-based steelmaking. The announcement follows Hyundai Steel's declaration in March of a significant $5.8 billion investment to construct the 2.7 million-ton-per-year EAF steel mill in Louisiana. This initiative is part of Hyundai Motor Group's broader U.S. investment program, which was initially set at $21 billion and later increased to $26 billion in August.
Hyundai Steel aims to supply automotive steel from the Louisiana plant to Hyundai Motor Co. and Kia Corp.'s U.S.-produced strategic models. Additionally, the company is exploring supply opportunities with automakers in Latin America and Europe. The completion of the Louisiana facility will mark Hyundai Steel's first overseas production site.