Industry minister urges US to ease tariffs on hard-to-source steel mill equipment

South Korea's industry minister urged the United States on Saturday to ease tariffs on equipment that Korean companies will need to import for a US$5.8 billion steel mill in Louisiana they are investing in. Industry Minister Kim Jung-kwan made the request at a meeting with Louisiana Gov. Jeff Landry before attending a groundbreaking ceremony for Hyundai-POSCO Louisiana Steel LLC (HPLS), an electric arc furnace-based integrated steel mill scheduled to begin construction in the fourth quarter, the