Hyundai Steel Company

And we're also working with our break bulk partners.

I'm sure everybody's heard about these big projects that are coming to Louisiana, the, the Hyundai Steel plant, the data centers, SpaceX, et cetera.

You know, our partners on the break bulk side, so that's, that's cargo that doesn't fit in- into containers, um, they're anticipating some of those components of the construction and other items related to those projects to come through the Port of New Orleans.

So we're working with them to make sure our facilities are ready, uh, to handle those components when they start, start coming through the port.

David, from your perspective, logistics wise, uh, anything changing there?

Yeah.

I, I do see big impacts coming from these projects that Kyle just mentioned, the Hyundai Steel.

You know, you first you have to build the plant, and there's all kinds of logistics and products related to the construction phase, uh, much like you see with the Meta Data Center right now that's in construction.

She's leading Louisiana right now through an historic period of growth, investment, and opportunity.

And listen to this: under her leadership, LED has secured more than two hundred fifty billion in announced capital investments since twenty twenty-four, and that includes landmark commitments, and we're gonna get into these, from SpaceX, Meta, Hyundai Steel, Woodside Energy, and Amazon Web Services.

It's just amazing.

Louisiana has also become the first state in the nation to earn back-to-back Business Facilities Platinum Deal of the Year awards and has risen into Area Development's top 10 states for doing business.

That's the only one we're first in A- and, um, but it seems to be that when you a politician in Louisiana, you're more concerned about lining your pockets instead of taking care of the people, and that comes along with all of the, uh, these NDAs that has popped up in Louisiana.

I mean, everything that's happening now here in Louisiana from, um, a Hyundai Steel plant that came to the Hyperion, uh, data center in Richland, uh, from the, um, the, um, the, um, the Amazon, uh, data center that come- that's coming up over in Caddo Boggs to the other one in, in Rapides Parish to, um, SpaceX coming to Vermilion Parish.

All of those deals were made with NDAs when the people that actually have to live in these communities where all of this stuff is being built at don't have a clue, and that's the kinda what I believe is corruption that has sparked all of the money and that's being put into politics right now.

You know, um, it, it is just, it's just crazy.

Obviously, the big LNG plant in Palakamans.

Hyundai Steel plant, like, in...

We could keep going on, but Louisiana has absolutely been pushing economic development.

And so then having these sites, those are things that like when they're talking to large developments, they can say, hey, look, here are some things and they can speak to the different properties, what advantages they have.

And this is the brilliance of the tariff strategy.

There's another plant going in Louisiana, Donaldsonville, joint venture between Hyundai Steel and Hyundai Motor Group.

They've got about a $6 billion investment.

They're going to be producing 2.7 million tons of coated sheet steel for the automobile manufacturing operations of Hyundai and perhaps others.

So you've got the steel plant that was released today, the one that we're talking about.

But then there's Hyundai Steel in Louisiana, right? And that was President Trump and Governor Jeff Landry.

And they announced a $5.8 billion Hyundai Steel mill as part of a $21 billion in planned U.S. expansion by the company.

I mean, steel overall, you have steel trade groups that have been crediting his tariffs for doing that and driving $47 billion.

So then you have the rare earths magnets.

We will produce low-carbon emission steel.

So that's Bo Ryong Lee, president and CEO of Hyundai Steel, at a groundbreaking ceremony for the plant earlier this month.

At full production, the steel mill will produce about 2.7 million metric tons of metal per year, which is typical for a steel mill in the United States.

What's different about this plant is how it will make the iron and steel products.

And they would also need to build significant amounts of renewable energy, wind, solar storage, what have you, to produce the electricity for the electrolyzers and produce the pipelines and the infrastructure needed to carry the fuel to the facility.

So all of those puzzle pieces are still missing.

So Gallucci also says that the Hyundai Steel Plant in Ascension Parish, Louisiana, is expected to start production in 2029.

Okay, Professor Lenton, I've got to confront something that perhaps a lot of listeners are thinking and feeling right now because climate catastrophism is still very much in vogue.