Sustainable stainless steel
In sustainable stainless steel operations in Europe, Outokumpu combines unmatched cost competitiveness, sustainability of our products, highest level of reliability and quality to a unique customer experience. Sustainable stainless steel is a material used in numerous different industries, including home applications, automotive, construction, infrastructure and industrial investments.
Outokumpu plans to invest approximately EUR 200 million in a new annealing and pickling line in Tornio, Finland. It will maximize the benefits from the fully integrated, cost-efficient operations in Tornio and Nordic clean and price competitive energy. At the same time, we are fighting cyclicality of the industry through optimization and operational excellence.
Furthermore, we will remain to be the undisputed sustainability leader in our industry, providing products with the lowest CO2 footprint in the industry, allowing our customers in turn to reduce their footprint. The availability of affordable clean energy in Finland, our unique access to clean ferrochrome from our inhouse operations and a continued high usage of scrap as our prime raw material mean that we have a unique position. This sustainability position we can further develop through smart decarbonization projects that drive innovation and allow us to develop own business models connecting partners around our main production entities towards smart decarbonization.
Advanced materials
In advanced materials and alloys, Outokumpu provides industrial end-users and fabricators with tailored stainless and nickel-based alloy solutions for demanding environments. By combining deep application expertise, flexible production, and a low-carbon footprint, we deliver products that optimize durability, performance, and lifecycle cost — from supply chain to end use — through deep customer understanding and specialty, high-quality supply.
As global megatrends such as urbanization, mobility, digitalization, and the transition to a low-carbon economy accelerate, the demand for high-performance materials is growing steadily. Specialty stainless steels and high-nickel alloys are increasingly essential in enabling solutions for these megatrends that require durability, corrosion resistance, and superior performance in demanding environments found in the process industry, oil and gas, and electric vehicles, for example.
Outokumpu is now looking for growth by expanding into high-margin, high-value grades and differentiating through customer collaboration, building on our strong legacy in special grades and moving actively away from commodity products. Advanced materials and alloys play a central role in reducing cyclicality and driving profitable growth.
World-class mills with clear roles
Our world-class mills form an integrated entity in which each mill has a clear, defined role in the production. Our Tornio mill in Finland, Krefeld mill in Germany, and our finishing unit in Terneuzen, the Netherlands focus on the high-volume products, while advanced products are manufactured at our mills in Avesta, Degerfors, and Nyby in Sweden as well as Dillenburg in Germany, In addition, we have a metal powder plant in Krefeld, Germany.
