Those projects, including the plan to construct a new electrical steel plant at its U.S. joint venture, Calvert, have the potential to increase Ebitda by $1.9 billion, the company said.

Hyundai Motor Group announced plans at the White House on Monday to invest $21 billion in its U.S. vehicle supply chain, including a steel factory in Louisiana.

Hyundai Steel shares initially jumped more than 5% on the news but reversed early gains to end 7% lower as President Donald Trump praised the company’s plan. Hyundai Steel’s proposed new U.S ...

South Korea’s Hyundai Steel will invest $5.8 billion along with Hyundai Motor Group to build a steel plant in the U.S. state of Louisiana with an annual capacity of 2.7 million tonnes, the ...

Hyundai Steel shares initially jumped more than 5% on the news but reversed early gains to end 7% lower as U.S. President Donald Trump praised the company's plan. Hyundai Steel's proposed new U.S ...