Global megatrends such as population growth as well as
mobility and urbanization have resulted in unprecedented economic growth and
prosperity globally. At the same time, these megatrends have resulted in
massive problems related to increasing carbon emissions and overall climate
change. We see that stainless steel is an important product of the
modern society to help protect the globe and climate as it is at the center of
the circular economy.
Economic and population growth
Stainless steel demand is linked to increasing high standards of living. The need for stainless steel applications in the white goods sector, such as cutlery, kitchen sinks and washing machines, is growing due to millions of people being able to increase their standard of living. Economic and population growth also increases the need for hygienic medical supplies, clean water and durable appliances.
Mobility and urbanization
It is estimated that over half of the world’s population live in cities. This means the need for sustainable infrastructure is increasing along with the construction of higher buildings, elevators and bridges that can sustain the increasing flow of people, trains and cars.
Climate change is the biggest challenge we’re facing today. Outokumpu can provide its customers stainless steel with the lowest carbon footprint in the industry enabling them to design long lasting solutions with lower environmental impacts.