# Hyundai-POSCO steel plant development in Louisiana

> Live situation record from CLSTR: https://clstr.news/situations/hyundai-posco-steel-plant-development-in-louisiana
> Updated: 2026-09-09T16:07:10.000Z. Sources: 6. Developments: 2.

Hyundai Steel and POSCO are partnering to construct a $5.8 billion steel manufacturing plant, known as Hyundai-POSCO Louisiana Steel (HPLS), in Ascension Parish, Louisiana. Located near Donaldsonville along the Mississippi River, the facility is intended to serve as a strategic hub for Hyundai Steel’s global expansion and a base for transitioning to low-carbon production systems.

The plant is expected to be completed in 2029 with an annual production capacity of 2.7 million tons, primarily manufacturing steel products for the automotive industry. The project is projected to create more than 1,300 direct jobs with an average annual salary of approximately $95,000, alongside roughly 4,100 additional jobs through contractors and suppliers.

To engage with the local community ahead of the construction phase, HPLS hosted a ‘Community Day’ event at Louisiana Square. The event, attended by approximately 700 people including Donaldsonville Mayor Leroy Sullivan, featured musical performances, interactive games, and a mix of local Louisiana and Korean cuisine to foster understanding of the upcoming electric arc furnace steel mill.

## Claims

- Hyundai and POSCO are partnering to build a steel manufacturing plant. (corroborated by 3 sources)
- The Hyundai-POSCO Louisiana Steel plant is a $5.8 billion project. (corroborated by 3 sources)
- The facility is expected to create more than 1,300 direct jobs. (corroborated by 3 sources)
- Direct jobs at the plant will have an average annual salary of approximately $95,000. (corroborated by 3 sources)
- The project is expected to create roughly 4,100 additional jobs through suppliers and contractors. (corroborated by 3 sources)
- This will be Hyundai's first steel-production facility in North America. (corroborated by 3 sources)
- The plant is planned for the RiverPlex MegaPark near Donaldsonville in Ascension Parish, Louisiana. (corroborated by 3 sources)
- The facility will primarily manufacture steel products for the automotive industry. (corroborated by 3 sources)

## Timeline

### 2026-09-09: Hyundai and POSCO to build $5.8 billion steel plant in Louisiana

Hyundai and POSCO are planning a $5.8 billion steel plant in Ascension Parish, Louisiana, expected to create over 1,300 direct jobs with an average salary of $95,000.

4 sources. https://clstr.news/cluster/hyundai-and-posco-to-build-58-billion-steel-plant-in-louisiana

### 2026-09-09: HPLS hosts community event in Donaldsonville, Louisiana

HPLS, a Hyundai Steel and POSCO venture, held a community event in Donaldsonville, Louisiana, to engage 700 residents ahead of its planned 2029 steel mill completion.

2 sources. https://clstr.news/cluster/hpls-hosts-community-event-in-donaldsonville-louisiana

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Cite as: Hyundai-POSCO steel plant development in Louisiana. CLSTR, https://clstr.news/situations/hyundai-posco-steel-plant-development-in-louisiana