Hyundai Steel to Invest $5.8 Billion in First US Steel Mill
Deal News | Mar 25, 2025 | Pillsbury Winthrop Shaw Pittman LLP
Hyundai Steel is set to invest $5.8 billion in constructing its first U.S.-based electric arc furnace steel mill in Louisiana, marking a significant milestone for the South Korean firm. Scheduled to begin construction in 2026, the mill is expected to create over 1,300 jobs and produce 2.7 million metric tons of steel annually, with a focus on automotive steel plates. Key advisory services were provided by Pillsbury Winthrop Shaw Pittman LLP. Through this investment, Hyundai aims to supply critical materials for U.S. vehicle assembly plants. Pillsbury's advisory team was led by partner Sungbum Lee, specializing in international trade, along with other experienced partners from different practice areas.
Sectors
- Steel Production
- Automotive Industry
- Legal Advisory
Geography
- United States – The location of Hyundai Steel's new steel mill, specifically in Louisiana.
- South Korea – Hyundai Steel is a South Korean company expanding its operations to the U.S.
Industry
- Steel Production – The article discusses Hyundai Steel's investment in a new steel mill, which directly relates to steel production.
- Automotive Industry – Hyundai Steel's new facility will focus on producing steel plates for the automotive sector.
- Legal Advisory – Pillsbury Winthrop Shaw Pittman LLP provided legal advisory services for this deal.
Financials
- $5.8 billion – The investment amount Hyundai Steel is committing to the new steel mill in Louisiana.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hyundai Steel | Target Company | Company | Hyundai Steel is the company investing in and constructing the new steel mill in Louisiana. |
| Pillsbury Winthrop Shaw Pittman LLP | Legal Advisor | Company | Provided legal advisory services for Hyundai Steel's investment in the Louisiana steel mill. |
| Sungbum Lee | Advisor | Person | Partner at Pillsbury Winthrop Shaw Pittman LLP, leading the advisory team. |
| Stephan Becker | Advisor | Person | International Trade partner at Pillsbury Winthrop Shaw Pittman LLP involved in the deal. |
| Aimee Ghosh | Advisor | Person | Government Law & Strategies partner at Pillsbury Winthrop Shaw Pittman LLP involved in the deal. |
| Adam Weaver | Advisor | Person | Real Estate partner at Pillsbury Winthrop Shaw Pittman LLP involved in the deal. |
| Reza Zarghamee | Advisor | Person | Environmental & Natural Resources partner at Pillsbury Winthrop Shaw Pittman LLP involved in the deal. |
| Matthew Olhausen | Advisor | Person | Real Estate senior associate at Pillsbury Winthrop Shaw Pittman LLP involved in the deal. |