Hyundai Steel-POSCO Louisiana steel mill

Participants perform a groundbreaking ceremony at the site of a Hyundai Steel-POSCO Louisiana electric arc furnace steel mill in Donaldsonville, Louisiana, on Sept. 4, 2026 (local time). The ceremony was attended by South Korean Industry Minister Kim Jung-kwan, Hyundai Motor Group Executive Chair Euisun Chung, POSCO President Lee Hee-keun, Louisiana Gov. Jeff Landry and U.S. Commerce Undersecretary William Kimmitt, among about 250 government and business officials from South Korea and the United States, in this photo provided by Seoul's industry ministry. (PHOTO NOT FOR SALE) (Yonhap)

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