Hyundai Steel make a groundbreaking for its $5.8 billion EAF-based integrated steel mill on September 4th, 2026 in Louisiana. With this facility, the annual capacity will be around 2.8 million tonnes and the commercial operation is to start in 2029. The end user for this steel mill will be Hyundai motor and other automakers across North America.

Hyundai Motor has started moving production line equipment into MAAC (Mobility Alpha-line Anseong Campus), its first in-house battery plant. The plant’s initial production capacity is understood to be 2 GWh per year. Hyundai Motor will use NCM batteries, rather than LFP batteries, and plans to first build a pouch-type battery production line this year. The company is also expected to discuss prismatic battery production next year.

Hyundai Motor Group Executive Chair Chung Euisun stated that the group is transforming into an enterprise providing physical AI solutions, covering autonomous driving, robotics, and AI-powered smart manufacturing. As part of this strategy, Hyundai Motor and NVIDIA will jointly develop a robotics reference platform, offering standardized software and hardware to support startups, universities, and research institutions in more efficiently developing and validating robotics technology. Hyundai Motor also unveiled a broader development roadmap, which includes collaborations with Waymo and Google DeepMind. Building on a previous agreement to purchase 50,000 NVIDIA GPUs, the company plans to accelerate R&D on digital twin technology and autonomous driving systems.

Vardhman Special Steels reported a strong Q1 FY27, with standalone net profit more than doubling year on year to INR 41.2 crore (USD 4.8 million) as higher sales volumes, improved realizations and margin expansion lifted earnings. Revenue rose 12.1% YoY to INR 486 crore (USD 56.5 million), while the company said its forging expansion project with Japan's Aichi Steel remains on schedule.

Hyundai Motor’s global sales in the second quarter reached 991,885 units, down 6.9% from a year earlier. Domestic sales fell 16.4% to 157,647 units due to supply disruptions caused by a fire at a parts supplier. Overseas sales also declined 4.9% to 834,238 units amid slowing global auto demand. In the U.S., Hyundai Motor sold 264,587 units, up 0.9% year-on-year. Hybrid sales reached 187,661 units in the second quarter, marking a record quarterly high, while EV sales stood at 69,366 units. Combined sales of electrified vehicles, including hybrids and EVs, rose 1.7% to 266,627 units.

New technology that is adopted by Hyundai Steel is TrimRob technology, a technology that created together with Polytec & Primetal Technologies. This robot will able to make wire rod in various grades and strength, and consistently cut the required amount for wire sizes from 5.5 to 20 mm. “Leveraging robots is critical to the steel industry. With TrimRob, Hyundai Steel is able to significantly reduce repetitive strain injuries while moving operators to higher-value work,” said Ravindra Goyal, head of process for Primetals Technologies USA.