Hyundai Motor Group Chairman Chung Eui-sun recently announced plans to invest $21 billion in the United States over the next four years, including a new $5.8 billion steel mill in Louisiana. The move is seen as a strategic effort to strengthen ties with the Trump administration and reap the benefits of sourcing steel locally,

Hyundai has announced its plan to invest billions of dollars to construct a steel plant in Louisiana. Here's what we know about the plan.

Trump touted Hyundai's $5.8 billion in its first U.S. steel mill in Louisiana was a result of threatened tariffs on overseas manufacturing.