Industry minister urges U.S. to ease tariffs on hard-to-source steel mill equipment

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SEOUL, Sept. 5 (Yonhap) -- South Korea's industry minister urged the United States on Saturday to ease tariffs on equipment that Korean companies will need to import for a US$5.8 billion steel mill in Louisiana they are investing in.

Industry Minister Kim Jung-kwan made the request at a meeting with Louisiana Gov. Jeff Landry before attending a groundbreaking ceremony for Hyundai-POSCO Louisiana Steel LLC (HPLS), an electric arc furnace-based integrated steel mill scheduled to begin construction in the fourth quarter, the Ministry of Trade, Industry and Resources said in a press release.

HPLS is a joint venture among Hyundai Motor Group affiliates Hyundai Steel Co., Hyundai Motor Co. and Kia Corp., and steelmaker POSCO.

Foreign steelmakers in the U.S. face tariffs under Section 232 of the Trade Expansion Act of 1962, which allows the U.S. president to adjust imports deemed to threaten national security, as well as other trade remedy measures, the ministry said.

Industry Minister Kim Jung-kwan answers questions from reporters in Washington, D.C., on Sept. 3, 2026. (Yonhap)

Kim urged Washington to pay close attention to difficulties facing Korean companies investing in the U.S. and support the project by easing tariffs on equipment and materials that need to be shipped from South Korea.

He stressed the importance of the project, which is expected to strengthen supply chain cooperation between the two countries by combining South Korean steelmaking technology with U.S. industrial and energy infrastructure, the ministry said.

The plant will supply automotive steel to global automakers' production facilities in the southern United States and Mexico, including those operated by Hyundai Motor and Kia, it said.

Hyundai Motor Group Executive Chair Euisun Chung, POSCO Group Chairman Chang In-hwa and South Korean Ambassador to the United States Kang Kyung-wha attended the groundbreaking ceremony.

Chung said automotive steel produced at the Louisiana plant would help Hyundai Motor Group and U.S. automakers develop next-generation mobility solutions.

"Hyundai Steel is already showing the scale of what transformational investment can mean for Louisiana," Louisiana Economic Development Secretary Susan B. Bourgeois said. "This project is creating work for Louisiana companies, building a workforce around high-value manufacturing and driving new activity across the region before production has even begun."

The project is part of Hyundai Motor Group's $26 billion U.S. investment plan announced last year.

Hyundai Steel said in March 2025 that it would invest $5.8 billion to build its first steel mill in North America, with commercial production scheduled to begin in 2029.

POSCO has taken a 20 percent stake in the project. Hyundai Steel, Hyundai Motor and Kia hold 50 percent, 15 percent and 15 percent, respectively.

This artist rendering, provided by Hyundai Steel Co., shows Hyundai-POSCO Louisiana Steel LLC (HPLS), an integrated steel mill based on electric arc furnace technology, scheduled to start commercial production in Louisiana in 2029. (PHOTO NOT FOR SALE)(Yonhap)

kyongae.choi@yna.co.kr (END)

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Industry minister urges U.S. to ease tariffs on hard-to-source steel mill equipment

这将使谷歌能够向您展示与您的搜索匹配或相关的韩联社新闻文章

首尔，9月5日（韩联社）——韩国产业通商资源部部长周六敦促美国放宽对韩国企业为投资路易斯安那州一座价值58亿美元的钢铁厂进口所需设备的关税。

产业通商资源部在一份新闻稿中表示，产业通商资源部长官金正宽在与路易斯安那州州长杰夫·兰德里会面时提出了这一请求，之后他出席了现代浦项制铁路易斯安那钢铁有限公司（HPLS）的奠基仪式。HPLS是一家采用电弧炉的综合性钢铁厂，计划于第四季度开工建设。

HPLS 是现代汽车集团旗下的现代钢铁公司、现代汽车公司和起亚公司与钢铁制造商浦项制铁的合资企业。

该部表示，根据 1962 年《贸易扩展法》第 232 条，在美国的外国钢铁制造商将面临关税，该条款允许美国总统调整被认为威胁国家安全的进口商品，以及其他贸易救济措施。

2026年9月3日，韩国产业通商资源部长官金正冠在华盛顿特区回答记者提问。（韩联社）

金敦促华盛顿密切关注韩国企业在美国投资所面临的困难，并通过降低从韩国运往美国的设备和材料的关税来支持该项目。

该部表示，他强调了该项目的重要性，该项目有望通过将韩国的炼钢技术与美国的工业和能源基础设施相结合，加强两国之间的供应链合作。

该工厂将向全球汽车制造商位于美国南部和墨西哥的生产设施供应汽车用钢，其中包括现代汽车和起亚汽车的生产设施。

现代汽车集团执行董事长郑义宣、浦项制铁集团董事长张仁和以及韩国驻美国大使姜京和出席了奠基仪式。

钟先生表示，路易斯安那州工厂生产的汽车用钢将帮助现代汽车集团和美国汽车制造商开发下一代移动出行解决方案。

路易斯安那州经济发展部长苏珊·B·布尔乔亚表示：“现代钢铁已经展现了转型投资对路易斯安那州的巨大意义。这个项目在投产之前就为路易斯安那州的企业创造了就业机会，围绕高价值制造业培养了一支劳动力队伍，并带动了整个地区的经济发展。”

该项目是现代汽车集团去年宣布的260亿美元美国投资计划的一部分。

现代钢铁公司于 2025 年 3 月表示，将投资 58 亿美元在北美建设其第一座钢铁厂，计划于 2029 年开始商业化生产。

浦项钢铁已持有该项目20%的股份。现代钢铁、现代汽车和起亚分别持有50%、15%和15%的股份。

这张由现代钢铁公司提供的效果图展示了现代-浦项路易斯安那钢铁有限公司（HPLS），这是一家采用电弧炉技术的综合性钢铁厂，计划于2029年在路易斯安那州投产。（图片非卖品）（韩联社）

kyongae.choi@yna.co.kr (完)

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工业部长敦促美国降低对难以采购的钢铁厂设备的关税。