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Steel

Modern US steelmaking is shifting from coal-fired blast furnaces to electric-arc furnaces — lower emissions, lower energy intensity, and capital structures closer to chip fabs than 20th-century mills. Many of these projects are explicitly tied to downstream EV and renewable-energy manufacturing, creating short, vertically-integrated US supply chains.

Projects
5
Investment
$15.40B
Jobs
3,770
Companies
5
States
5
Geographic Distribution

Projects across the country

Largest announced project
Steel

Hyundai Steel

Donaldsonville, Louisiana
Investment
$5.80B
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Largest employer by jobs
Steel

Hyundai Steel

Donaldsonville, Louisiana
Expected jobs
1,300
Open project →
Top investing states

Steel by state

  1. Louisiana
    1 projects
    1,300 jobs
    $5.80B
  2. West Virginia
    1 projects
    800 jobs
    $3.10B
  3. Arkansas
    1 projects
    900 jobs
    $3.00B
  4. Texas
    1 projects
    600 jobs
    $2.20B
  5. Ohio
    1 projects
    170 jobs
    $1.30B
Top companies

By announced investment

  1. Hyundai Steel
    1 projects
    1,300 jobs
    $5.80B
  2. Nucor
    1 projects
    800 jobs
    $3.10B
  3. US Steel
    1 projects
    900 jobs
    $3.00B
  4. Steel Dynamics
    1 projects
    600 jobs
    $2.20B
  5. Cleveland-Cliffs
    1 projects
    170 jobs
    $1.30B
Timeline

Announcement chronology

  1. Mar 24, 2025Hyundai SteelDonaldsonville, Louisiana · Steel$5.80B
  2. Mar 28, 2024Cleveland-CliffsMiddletown, Ohio · Steel$1.30B
  3. Jan 26, 2022NucorMason County, West Virginia · Steel$3.10B
  4. Jan 11, 2022US Steel (Big River Steel 2)Osceola, Arkansas · Steel$3.00B
  5. Sep 26, 2019Steel DynamicsSinton, Texas · Steel$2.20B
Every tracked project

Steel ledger · 5

CompanyIndustryLocationStatusInvestmentJobsAnnounced
Hyundai SteelSteelDonaldsonville, LouisianaPlanning$5.80B1,300Mar 24, 2025
Cleveland-CliffsSteelMiddletown, OhioPlanning$1.30B170Mar 28, 2024
NucorSteelMason County, West VirginiaUnder Construction$3.10B800Jan 26, 2022
US Steel (Big River Steel 2)SteelOsceola, ArkansasOperational$3.00B900Jan 11, 2022
Steel DynamicsSteelSinton, TexasOperational$2.20B600Sep 26, 2019
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