HYUNDAI-POSCO Louisiana LLC (HPLS), legally known as HYUNDAI STEEL LOUISIANA LLC, is a U.S.-based joint venture primarily owned by Hyundai Steel (50%), with stakes from POSCO (20%), Hyundai Motor America (15%), and Kia America (15%).
The company is developing a $5.8 billion electric arc furnace (EAF) integrated steel mill in Donaldsonville, Ascension Parish, Louisiana, marking Hyundai Steel's first manufacturing facility in North America. The plant, located in the RiverPlex MegaPark along the Mississippi River, will produce up to 2.7 million metric tons annually of high-quality automotive steel sheets, including hot-rolled and cold-rolled products, primarily to supply Hyundai and Kia assembly plants in Alabama and Georgia.
Featuring ultra-low carbon emissions—about 70% lower than traditional blast furnaces—the facility emphasizes sustainable production. Construction is set to begin in early 2026, with operations expected around 2028-2029, creating over 1,300 direct jobs and thousands more indirectly. Air Liquide has secured a long-term contract for industrial gases to support the low-carbon operations.
To provide comprehensive coverage, we aggregate data and news under the name HPLS, encompassing the following company names, divisions, and related entities:
HYUNDAI-POSCO Louisiana Steel LLC.
This list encompasses current and former names, alternate names, and key divisions associated with HPLS, ensuring you can easily find all relevant information under a single, unified profile.
