No. of Recommendations: 3
I find it interesting that neither of the recently announced greenfield US steel mills is being built by a US company. The USian honchos must be too busy on the golf course.
Last year, Hyundai, which is coming close to passing Ford in US sales volume, announced a greenfield plant.
This company is Indian.
Trump to announce planned $15 billion steel plant, would be largest in U.S. history
President Donald Trump on Monday will announce a steel-making company’s plan to invest about $15 billion to build what would be the largest plant of its kind in U.S. history, a White House official confirmed to CNBC.
The Oval Office announcement with Mesabi Metallics, set for 2 p.m. ET, comes just weeks before the November midterm election, which are poised to be shaped by Americans’ increasingly sour views of Trump’s handling of the economy.cnbc.com - Trump steel plant iowaHyundai Steel POSCO Louisiana mill — $5.8B US Green Steel Bet
The Hyundai Steel POSCO Louisiana mill (HPLS) represents a monumental $5.8 billion investment by South Korea’s automotive and steel giants to reshape the North American manufacturing landscape. Ground has officially broken on a massive 7.37 million-square-meter site in Donaldsonville, Louisiana, strategically located along the Mississippi River. This historic project brings to life the ultimate vision of a vertically integrated supply chain—moving from raw materials to finished automobiles right on American soil—by early 2029.en.koreadaily.com - Hyundai steel posco louisiana millHyundai expected to outsell Ford in third quarter as Detroit automakers lack hybrids
DETROIT — Hyundai Motor is expected to outsell Ford Motor
in quarterly sales for the first time ever, according to a new forecast released Thursday by Cox Automotive.
The South Korean automaker is expected to report a 6.5% increase in year-over-year sales from July through September to 511,421 units. That compares with an expected 7.1% decline for Ford over the third quarter to 504,172 new vehicles sold, according to Cox predictions.cnbc.com - Hyundai set to outsell ford in q3 as detroit automakers lack hybridsAnd what does Ford's Farley the Fool say? He doesn't want foreign brand cars built in the US. He wants the government to protect him from competition.
Steve
