Outokumpu partners up with Metalshub to digitalize raw material sourcing

Outokumpu Oyj
Press release
January 12, 2024 at 9.00 am EET

Outokumpu partners up with Metalshub to digitalize raw material sourcing

Outokumpu, the global leader in sustainable stainless steel, and Metalshub, the leading raw material procurement solution provider, are extending their partnership to digitalize Outokumpu’s raw material sourcing activities. Outokumpu is a part of a global supply chain by producing stainless steel for leading brands in demanding industries around the globe, and our customers expect us to provide a traceable supply chain and, therefore, we have in place stringent requirements on our suppliers, too. Developing and digitizing our supply chain processes is an important part of this work.

From the very beginning, Outokumpu has used Metalshub for spot-demand sourcing through their public tendering process. Now Outokumpu has contracted Metalshub to expand the usage from solely public tendering purchases, to also capturing direct to supplier or contract call-offs via the sourcing platform. This will improve operational efficiency and standardize documentation in the collaboration with Outokumpu suppliers. Additionally, Outokumpu sees this shift as a necessity to ensure a documented and compliant sourcing process is in place.

Outokumpu's scrap yard in Tornio, Finland. 

“Procurement plays a strategically important role in enabling Outokumpu’s sustainability journey. Therefore, we work together with our suppliers to strengthen the sustainability of the entire supply chain – including environmental, social and governance aspects. We have been looking for the best partner to digitize our sourcing process and have decided that the Metalshub supply chain solution is the best option for us, when considering raw material sourcing. We see this shift as a necessity to ensure a documented, transparent, and compliant sourcing process. We are pleased to collaborate with our partner Metalshub further to cover all our raw materials, and we are now inviting our raw material suppliers to join us on the Metalshub platform,” says Marc-Simon Schaar, Chief Procurement Officer at Outokumpu.

“We believe digital solutions will transform metals and mining, empowering companies to unlock more value, and build a more efficient and sustainable future for the whole industry. We are proud that after a competitive selection process, Outokumpu has chosen us as its long-term technology partner for raw material sourcing. We are confident that this collaboration will set a benchmark for procurement in the steel industry,” says Dr. Sebastian Kreft, Co-Founder and Managing Director of Metalshub.

For more information:

Outokumpu media desk, tel. +358 40 351 9840, media(at)outokumpu.com

Metalshub media: Claus Schmidt, Head of Marketing, Claus.Schmidt@metals-hub.com

Outokumpu Oyj

About Metalshub

Metalshub is a leading software provider for the metals & mining industry, unlocking supply chain value. By leveraging advanced technology and market expertise, Metalshub provides software solutions for buyers and sellers to connect, negotiate, and close transactions. With its innovative solutions, Metalshub empowers businesses to optimise supply chains, make informed decisions, and drive growth in the digital era.

About Outokumpu

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com