The primary product for the Ferrochrome business area is the charge grade of ferrochrome. Majority of the ferrochrome produced is consumed internally by our own mills, but some of it is sold to other producers outside the company. The proximity of the ferrochrome works to our stainless steel production facility in Tornio allows the ferrochrome to be transferred in liquid form, resulting in considerable cost savings in both energy and logistics. Our ferrochrome has a low carbon footprint, 67% smaller than the industry average.
Business area Ferrochrome
Outokumpu operates the only chrome mine in the EU. We have the unique access to an essential raw material in the production of stainless steel, as chrome makes steel stainless.
Ferrochrome is an integral part of Outokumpu’s operations, and supported by our Kemi mine, it is a clear competitive advantage to us. Our Ferrochrome business area runs the chrome mine in Kemi and ferrochrome smelter in nearby Tornio, Finland.
Page last updated: 18 Mar 2024
Net sales EUR 467 million last year
Ferrochrome accounted for 3% of Outokumpu's net sales in 2023 and made an adjusted EBITDA of EUR 96 million.
Chrome makes steel stainless
We produced 390 000 tonnes of ferrochrome last year. Most of it we use in our own stainless steel production.
The world's most sustainable ferrochrome
At the core of business area Ferrochrome’s strategy is carbon neutrality. The carbon footprint of our ferrochrome is 67% smaller than the industry average.
One third of carbon neutrality target achieved
We achieved one third of the target by replacing fossil fuels with renewable solutions, cutting the annual emissions of the Kemi mine by almost 11.3 million kilos.
Carbon neutral Kemi mine by 2025
Outokumpu has established a roadmap to achieve carbon neutrality at its Kemi chrome mine by 2025. The roadmap includes several initiatives that will decrease the mine’s emissions towards zero. Carbon neutrality of the Kemi mine is an important step in achieving Outokumpu’s ambitious science-based climate targets. We have taken significant steps towards the carbon neutrality of our Kemi mine and have in 2023 achieved one third of the target by replacing fossil fuels with renewable solutions, cutting the annual emissions of the Kemi mine by almost 11.3 million kilos.
280 million euro investment in deepening the Kemi mine
We have completed the significant project deepening the Kemi underground mine from 500 meters to 1,000 meters. This will ensure a continuous supply of low-carbon chrome, a key raw material in stainless steel, for decades to come. The mineral resources in the new depth are more than 90 million tonnes, and seismic measurements indicate that mineralization continues even further downwards. Our ferrochrome production will account for approximately 5% of global capacity, and by production costs we are among the top 10 ferrochrome smelters.