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Stock impact report

Posco joins Hyundai for $5.8 billion steel mill hailed by Trump [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
US — a $5.8 billion investment that President Donald Trump has used to claim success for his controversial tariff policy. Most Read from Bloomberg DOGE Visits National Gallery of Art to Discuss Museum's Legal Status Trump Administration Takes Over New York Penn Station Revamp DOGE Places Entire Staff of Federal Homelessness Agency on Leave Why the Best Bike Lanes Always Get Blamed Nashville's $3 Billion Transit Plan Brings a Call for Zoning Reform The industrial heavyweights have signed a memorandum of understanding on joint participation in the Louisiana steel project, according a statement from Hyundai. It didn't give the possible scale of Posco's equity investment in the new mill, which is expected to have an annual production capacity of 2.7 million tons and start operations in 2029. Posco is South Korea's biggest steelmaker, while Hyundai is the second-biggest via its subsidiary Hyundai Steel Co. “The Louisiana steel mill will enable the Group to deliver a relia Show less Read more
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