Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
✅ $21 billion investment to enhance U.S. manufacturing.
✅ New steel plant to strengthen supply chain resilience.
✅ Focus on job creation and economic growth in key industrial regions.
✅ Boost to automotive and steel sectors, supporting domestic production.
Hyundai and former U.S. President Donald Trump have unveiled a $21 billion investment plan aimed at bolstering automotive and steel production in the United States. A key highlight of this initiative is the establishment of a new steel plant, reinforcing America's push for self-reliance in critical industries.
The investment, announced during Trump’s recent engagement with industry leaders, is expected to drive job creation, supply chain resilience, and technological advancements. The new steel facility will play a crucial role in supporting Hyundai's automotive operations and ensuring a steady supply of high-quality steel.
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