Hyundai Steel Company announced March 24 that it would build a new $5.8 billion electric arc furnace steel mill in Louisiana ...

The electric arc furnace will melt mostly scrap steel and ... it is expected to be the biggest of its kind in the world, melting mostly scrap to produce three million tonnes of new steel a year.

The furnace will work by melting mostly scrap steel ... the first companies to commit to buying steel produced by the new electric arc furnace in Port Talbot The new electric furnace will have ...