- Business
- Outokumpu Oyj is a Finland-based global leader in sustainable stainless steel manufacturing, founded in 1910 and headquartered in Helsinki. The company produces and sells a broad range of stainless steel products including cold and hot rolled coils, sheets, strips, plates, precision strips, quarto plates, welded stainless steel components such as I-beams, H-beams, hollow-section tubes, bent profiles, and customizable press plates. It also offers stainless steel powder variants and nickel-based alloys. Outokumpu operates through several segments including Europe, Americas, Ferrochrome, and Other operations, serving diverse industries such as construction, automotive, energy, marine, and food processing across Europe, North America, and Asia-Pacific.
The company’s latest strategic developments include completing a partnership and acquiring a 10% minority stake in CRONIMET North-East GmbH to accelerate circularity and secure high-quality recycled steel supply in Northeastern Europe, thereby reducing production carbon footprint. Outokumpu has also recently signed a letter of intent with Greenland Resources Inc. to strengthen the supply chain for low-emission, high-quality molybdenum. Operationally, Outokumpu decided against expanding its cold rolling capacity in the U.S. but targets an 80-kiloton capacity increase by 2025 through efficiency improvements. Financially, the company reported a full-year adjusted EBITDA of EUR 177 million in 2024 amid lower stainless steel deliveries, reflecting ongoing market challenges and a focus on strengthening its core business and sustainability agenda. Outokumpu continues to prioritize circular economy principles, with over 90% of its steel production originating from recycled materials and significant measures to reduce CO2 emissions across its operations.