Washington, March 24 -- US President Donald Trump, alongside the Governor of Louisiana, announced on Monday that Hyundai will be investing USD 5.8 billion in American manufacturing, including the construction of a steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs, in an official White House briefing earlier today.

"Today we're delighted to report that Hyundai is announcing a major USD 5.8 billion investment in American manufacturing," Trump stated. "In particular, Hyundai will be building a brand-new steel plant in Louisiana which will produce more than 2.7 million metric tons of steel a year, creating more than 1,400 jobs for American steel workers, and then there'l...