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Shares of Hyundai Motor and affiliate Kia Corp, which are expected to source steel from the proposed factory, rallied. Hyundai Motor shares ended up 3.3% after rising as much as 7.5% to their ...

The investment includes a new $5.8 billion Hyundai Steel (004020.KS), opens new tab plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs.