About Outokumpu

Working towards a world that lasts forever 

Page last updated: 06.03.2024

Join Industrial Evolution 

Our history goes back to the invention of steel and we continue to drive stainless steel innovation. Our latest innovation is Circle Green®, a product line with up to 93% lower carbon footprint compared to the global industry average. If all the stainless steel in the world was produced with the same methods used for Outokumpu Circle Green® production, it would reduce global carbon emissions from the entire stainless steel value chain by 364 million tons per year. This equals to over 900 million one-way flights of one passenger across the Atlantic Ocean from London to New York.

Outokumpu in brief

Our strategy

Our history

Our business

Our business is based on circular economy, as our most important raw material is recycled steel or scrap. Out of our three business areas, Europe and the Americas are responsible for manufacturing and selling stainless steel in their market areas, and Ferrochrome run our chrome mine and ferrochrome works – ferrochrome an essential raw material, as chrome is what makes steel stainless.

Our business

Our Code of Conduct

Market leader in Europe, #2 in the Americas

In 2023, we were market leader in Europe and #2 in the Americas, and our net sales were 7.0 billion euros.

8,500 employees in close to 30 countries

Our stainless steel mills are located in Finland, Germany, Mexico, Sweden and the US, and our headquarters are in Finland.

Sustainability leader in the world

Smallest carbon footprint in both stainless steel and ferrochrome, up to 75% and 67% lower than the industry average, respectively. 

Business based on circular economy

Our main raw material is recycled steel – recycled material content in our products is 95%. At the end of their long life cycle, stainless steel is 100% recyclable. 

Our management

Meet the members of the Outokumpu Leadership Team and Board of Directors. 

Board of Directors

Outokumpu Leadership team

Our governance

Sustainable solutions and operations

Did you know that our mills are in fact giant recycling centers? Outokumpu contributes to a more sustainable world by producing stainless steel out of recycled material. We have the highest recycled content and the lowest carbon footprint in the market, allowing our customers to reduce their carbon footprint. We are at the heart of moving society towards more ecologically, socially, and economically sustainable solutions. 

Our approach on sustainability

Sustainable supply chain

Unmatched expertise

Did you know that we were instrumental in inventing stainless steel? Our unmatched expertise of stainless steel is available to our customers, who use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. They manufacture cars and appliances or operate in energy and heavy industries. Get insights and inspiration from our case stories and articles.

Our expertise

Our customer industries

Our latest innovation, Circle Green

Investing in Outokumpu

The rising energy demand and urbanization will increase the need for steel everywhere. The future of green solutions – from renewable energy to hydrogen and electric vehicles are all dependent on sustainable stainless 

steel. The long-term prospects for the increasing use of stainless steel are positive. In Europe, we are the market leader with some 33% market share and the clear number two in the Americas with a market share of approximately 23%. Read more about Outokumpu as an investment. 

Outokumpu as an investment

Our operating environment

Our numbers