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Trump announces $5.8 billion Hyundai investment in first U.S. steel mill in Louisiana

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Hyundai 's first steel mill in the U.S. will create 1,300 jobs, a company official says.

The steel will be used in car and parts plants in Alabama and Georgia aiming to build 1 million cars per year.

The president also boasted about approving permits in a week for two liquefied natural gas plants.