Bond Commission Considers $900 Million Hyundai-POSCO Financing

The State Bond Commission will consider final approval of up to $900 million in exempt facility revenue bonds for Hyundai-POSCO Louisiana Steel LLC. The financing would support a recycled steel mill and related improvements in Donaldsonville over a term of up to 40 years.

Document date · September 17, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not exceeding $900,000,000 Exempt Facility Revenue Bonds

Contract type

FINANCIAL_SERVICES

Contract term

Not exceeding 40 years

Renewal

Bond term is not to exceed 40 years; no renewal provisions are stated.

Document type

AgendaPacket

Source document

State Bond Commission Agenda Packet 2026-09-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Louisiana Bond Commission | State of Louisiana?

Hyundai-posco Louisiana Steel Llc was awarded this financial services contract by Louisiana Bond Commission | State of Louisiana, as recorded on September 17, 2026. The contract value is Not exceeding $900,000,000 Exempt Facility Revenue Bonds.

How much is the Hyundai-posco Louisiana Steel Llc contract with Louisiana Bond Commission | State of Louisiana worth?

The Hyundai-posco Louisiana Steel Llc contract with Louisiana Bond Commission | State of Louisiana is valued at Not exceeding $900,000,000 Exempt Facility Revenue Bonds, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in State Bond Commission Agenda Packet 2026-09-17 (AgendaPacket), dated September 17, 2026 from Louisiana Bond Commission | State of Louisiana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hyundai-posco Louisiana Steel Llc hold?

Hyundai-posco Louisiana Steel Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Hyundai-posco Louisiana Steel Llc's profile

What is Louisiana Bond Commission | State of Louisiana currently buying?

Explore Louisiana Bond Commission | State of Louisiana's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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