WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) applauded today’s announcement that Hyundai Steel, a subsidiary of the Hyundai-Kia Motor Group, will invest $5.8 billion to build a new, next-generation steel production facility in Ascension Parish. The project will bring around 1,300 direct jobs and thousands of indirect jobs to Louisiana.
“Made in America is good, but made in Louisiana is even better! My team has advocated to Hyundai that Louisiana is the best state to invest in. I’m glad they agree!” said Dr. Cassidy. “Thank you to President Trump and Governor Landry for their support for American manufacturing and Louisiana jobs.”
This project will help expand and strengthen the U.S. automotive steel supply to Hyundai production facilities in the U.S. The facility will produce 2.7 million tons of advanced, high quality automotive steel a year and is expected to generate $4.1 billion in annual revenue. The facility will produce steel for Hyundai, Kia, and other automakers manufacturing in the U.S.
Construction on the project is expected to begin in 2026.
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