Hyundai Steel, LSU partner on steelmaking technologies for $5.8 billion steel mill

AI핵심 요약

• ·The agreement seeks to boost developments in metallurgy and robotics for the plant, where some 1,300 jobs are expected to be created.
• ·Hyundai Steel teamed up with Louisiana State University (LSU) to jointly develop advanced steelmaking technologies for the Korean company's $5.8 billion steel mill in the U.S.
• ·state.
• ·Under the agreement inked on Wednesday, the two parties will cooperate on advanced projects across metallurgy, materials science, energy, robotics and automation, and environmental engineering for the factory, which will use an electric arc furnace.
• ·The $5.8 billion steel factory, which is slated to be completed in 2029,  will primarily produce steel plates for automobiles with an annual capacity of 2.7 million tons, mostly for the Hyundai Motor and Kia plants in Alabama and Georgia.