President Trump announced a $5.8 billion Hyundai Steel project, the company's largest investment in the U.S., for the Donaldsonville area of Ascension Parish. The steel project is estimated to bring in around 1,300 direct jobs and thousands of indirect jobs.

South Korean car maker Hyundai will build its first steel plant in North America, and it will be going up in Louisiana’s Ascension Parish. President Trump made the announcement at the White House with Governor Jeff Landry at his side.

Hyundai has revealed plans for a massive $5.8 billion investment in American manufacturing, announcing the construction of its first-ever steel mill in the United States. Located in Louisiana, the new facility will produce over 2.