SEOUL, Jan 22 (Reuters) - South Korea's Hyundai Steel

, an affiliate of automakers Hyundai Motor ( HYMTF )

and Kia, said on Wednesday it is

actively considering building a steel plant in the United

States.

The move comes at a time when U.S. President Donald Trump is

expected to step up protectionist trade policies, including

potentially imposing 25% tariffs on Mexico and Canada on Feb. 1.

Trump on Tuesday vowed to hit the European Union with

tariffs and said his administration was discussing a 10%

punitive duty on Chinese imports.

Hyundai Steel is considering investing in a steel plant

using the "electric arc furnace" production process in the U.S.

Southeast, a company spokesperson said on Wednesday.

A Hyundai Steel executive said in an earnings call earlier

on Wednesday it is actively considering the matter, the

spokesperson said.

The plant, if it goes ahead, is expected to supply carmakers

in the United States with steel plates, Yonhap News Agency said,

which first reported the plans, said.

Hyundai Motor ( HYMTF ) and Kia Motors produce vehicles at their

factories in Alabama, Georgia in the United States, and Monterey

in Mexico.