09/05/2026
HYUNDAI-POSCO Louisiana Steel (HPLS) officially broke ground on its new $5.8 billion steel manufacturing facility in Ascension Parish, marking the beginning of a transformational investment for our community, our state and U.S. manufacturing.
The first-of-its-kind facility will be the world’s first EAF-based, fully integrated steel mill dedicated to the automotive industry. Designed to produce steel with approximately 70% fewer CO₂ emissions than conventional blast furnace methods, the facility will help establish a made-in-America steel supply chain supporting automotive production across the United States.
The impact here at home will be significant. The project is expected to support approximately 5,400 jobs, including about 1,300 direct and 4,100 indirect jobs, with starting average salaries for HPLS employees of $95,000. HPLS is also developing on-the-job training opportunities and has made a commitment to hiring local talent.
Once operational, the facility is expected to produce up to 2.7 million metric tons of steel annually, strengthening our nation’s manufacturing capabilities while bringing new opportunities for generations of Ascension Parish families.
Today’s groundbreaking brought together federal, state and local leaders alongside executives and representatives from Hyundai Motor Group, Hyundai Steel, HYUNDAI-POSCO Louisiana Steel and POSCO to celebrate the start of this historic project.
Today, we broke ground on more than a new facility—we marked the beginning of a new chapter for Ascension Parish.