Staff Reports
A new chapter in American manufacturing is being penned in Louisiana as President Trump recently announced the construction of a $5.8 billion Hyundai steel mill in Ascension Parish. This ambitious venture is the first of its kind for the Korean auto giant on American soil and promises to churn out a staggering 2.7 million metric tons of steel annually. With the potential to generate over 1,400 jobs, this project showcases the kind of economic revitalization that only Trump’s pro-business policies seem capable of achieving.
Standing at the helm of this announcement alongside Louisiana Governor Jeff Landry and Hyundai executives, Trump emphasized how this deal is a testament to the efficacy of tariffs. By bringing production stateside, Hyundai can dodge those pesky tariffs, all while contributing significantly to American industry. The president highlighted that this steel will support U.S. operations in Alabama and Georgia, where dreams of more than a million American-made cars rolling off the lines each year are wholly possible.
Hyundai to build steel mill in Louisiana, Trump credits tariffshttps://t.co/cX55vBcaZE pic.twitter.com/MFOjJNPKUt
— The Washington Times (@WashTimes) March 24, 2025
The excitement doesn’t stop at the new steel mill. Trump revealed that this is just a corner of a much larger $21 billion investment Hyundai plans to make across the United States in the coming years. This bold financial commitment promises to bolster auto manufacturing further, especially in Georgia, where recent conversations with Trump reportedly ignited the spark for investment in the state back in 2019.
Hyundai’s Executive Chair, Euisun Chung, joined the celebration by reminding everyone that the company has poured over $20 billion into the U.S. economy since entering the market in 1986. It all goes to show that reality is far more favorable for businesses when conservative leadership is at the forefront, creating an inviting business climate that fosters growth and prosperity.
Landry concluded that Louisiana is committed to mirroring the business-friendly atmosphere that Trump has championed for the nation. As these initiatives unfold, one thing is crystal clear: jobs will be created, local economies will be invigorated, and America will be one step closer to regaining its status as a manufacturing powerhouse—one steel mill at a time.
