Hyundai Steel's affiliate plans $2.9 billion capital increase for US plant
Hyundai-Posco Louisiana will invest in a US steel plant in partnership with Hyundai Motor Group and Posco Holdings
Hyundai Steel has announced that its affiliate Hyundai-Posco Louisiana LLC plans to undertake a capital increase of $2.9 billion for facilities investment in a US steel plant, Reuters reported the South Korean steelmaker as saying in a regulatory filing on Jan. 26.
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