Hyundai Steel to Build Electric Arc Furnace Steel Mill in the US

Hyundai Steel, a leading global steelmaker, has announced plans to construct an electric arc furnace (EAF) steel mill in the United States, marking a significant step in its North American expansion. The move, driven by President Trump’s 25% tariffs on imported steel and growing demand for locally produced materials, aims to bolster Hyundai’s supply chain for the US automotive and construction sectors. The company has not disclosed the exact location or investment size, but industry sources estimate the project could create hundreds of jobs and begin operations by 2027. This follows Hyundai’s broader $21 billion commitment to US manufacturing, including vehicle production, as tariffs reshape global trade dynamics.