Reported 7 days ago
Hyundai Steel, in collaboration with Hyundai Motor Group, will invest $5.8 billion to build a steel plant in Louisiana with a capacity of 2.7 million tonnes annually. Despite an initial surge in share prices, Hyundai Steel's stock ended down 7% as analysts raised concerns over funding and execution risks. The investment aims to mitigate exposure to U.S. tariffs but its future benefits remain uncertain.
Source: YAHOO