Reported about 17 hours ago
Hyundai Motor Group has signed a memorandum of understanding with Posco Holdings to cooperate on a new steel plant in Louisiana, with Posco making an equity investment in the project. Production is expected to start in 2029, and Hyundai plans to invest $21 billion in the U.S. overall, including $5.8 billion towards this steel facility, which will have an annual capacity of 2.7 million tonnes.
Source: YAHOO