Creating value through sustainability, cost competitiveness, and value-added growth
Page last updated: 15.03.2023
Our business is based on circular economy and our most important raw material is recycled steel. Stainless steel is 100% recyclable, efficient and strong material, designed to last. Global megatrends support the growing demand for stainless steel – As a world leader in sustainable stainless steel production, we aim to capture our fair share of this growth.
Why invest in Outokumpu?
Stainless steel is a healthy market
steel is a light, strong and endlessly recyclable material for the increasing
needs of the modern world.
focus on strengthening the core by maximizing value from sustainability, cost
and market leadership.
Improved financial and risk profile
have improved profit generation, strong balance sheet and enhanced downturn
Industry leader in sustainability
We are the only stainless steel
company with an approved 1.5C Science Based Target.
Market and cost leader in stainless sector
are well positioned as the market leader in advanced products and cost leader
in high-volume products.
Stable shareholder returns
are back to returning cash to shareholders via stable and
Outokumpu in brief
Outokumpu´s business is dived in to three business areas, Europe, Americas and Ferrochrome. BA Europe and BA Americas include both coil and plate stainless steel operations in their market area, while BA Ferrochrome focuses on the chrome mine and ferrochrome operations. Our biggest business area is Europe, covering around 66% of Outokumpu sales. In Europe we are the market leader with approximately 26% market share and in the US the second biggest with market share approximately 22%. Our Kemi mine and our ferrochrome production in Tornio, Finland, are an integral part of our operations and a clear competitive advantage to us.
We are now on the second phase of the three-phase strategy with the aim of strengthening the core. We will continue our strong emphasis on sustainability to further improve our position as the sustainability leader in the stainless steel sector. We have also updated our financial targets for the second phase to reflect capital allocation priorities. The focus will be increasingly on strong shareholder returns.
Outokumpu is world leader in sustainable stainless steel production and we have ambitious targets to further reduce our carbon footprint. As material stainless steel is 100% recyclable and we use more than 90% recycled material in our stainless steel production.
Stainless steel is the fastest growing metal: it is in many ways the perfect answer to the increasing need of long-lasting and sustainable solutions for the world’s most critical challenges. Global megatrends – such as urbanization, mobility, economic and population growth, and climate change – are the main growth drivers for the stainless steel industry.