Outokumpu Stainless Ltd. ASR Rod Mill
Third party works
Company Overview
Outokumpu positions itself as a global leader in sustainable stainless steel, offering products designed for longevity with a significantly reduced environmental impact, specifically 7% of typical emissions. The company holds strong market positions, being ranked #1 in Europe and #2 in North America within its core business of sustainable stainless steel. This robust foundation not only underpins its current operations but also provides the financial capacity to explore and invest in new growth areas.
Strategic Direction: EVOLVE 2026–2030
Outokumpu's strategic plan, EVOLVE, for the period 2026–2030, outlines a clear path to enhance company value. This strategy is built on three pillars: maximizing the value of its sustainable stainless steel business, accelerating growth in advanced materials and alloys, and revolutionizing value creation through innovative materials and technologies. A key aspect of this transformation involves repositioning its ferrochrome operations from an internal supplier to an unrestricted market player, leveraging pioneering technology to produce low-CO₂ metals, initially focusing on chromium materials such as enriched ferrochrome and high-purity chromium metal.
Products and Services
The company's primary offering is sustainable stainless steel, known for its strength, durability, and corrosion resistance. Outokumpu's products find applications across diverse sectors, including infrastructure (e.g., footbridges), consumer goods (e.g., premium cookware), energy (e.g., hydrogen storage tanks), and architecture (e.g., façades). The portfolio includes high performance austenitic grades and innovative solutions like Circle Green. Beyond traditional stainless steel, Outokumpu is developing advanced materials and alloys, and aims to extend its low-CO₂ metal production technology to other strategic metals within and potentially beyond the stainless steel value chain.
Sustainability and Innovation
Outokumpu emphasizes its commitment to sustainability, not only through its low-emission stainless steel but also by exploring circularity and green transition solutions. Research highlights from their 'Evolution of Materials' white paper address the cost of corrosion and the impact of geopolitical factors on materials sourcing, underscoring stainless steel's role in mitigating these challenges. The company actively engages in partnerships, such as with Alstom for low-emissions steel, demonstrating its dedication to driving technological advancements and sustainable practices within the industry.