Working towards a world that lasts forever
At Outokumpu, we believe that the future of stainless steel – and the metals industry at large – must be sustainable, innovative, and resilient.
In our next strategy 2026–2030, we are evolving from a trusted stainless steel producer into a pioneering force in materials and technologies solutions. In a fast-changing world that is challenged by constantly growing geopolitical and environmental risks, access to cost-competitive, secure, and clean raw materials will be more important than ever before – all of this while simultaneously lowering our climate impact. With limited Western supply and growing demand, there is a significant market opportunity for sustainable, high-performance materials.
Our mills are in fact significant recycling facilities. Every year, our mills process more than 2 million tonnes of scrap, or recycled steel, and turn it into sustainable, long-lasting material that does not need maintenance, and at the end of its long lifecycle, is fully recyclable. And it is not only what we do, but how we do it: Outokumpu aims to minimize the environmental impacts of its production.
Our customers use our stainless steel to build bridges and buildings, produce cars, trains and trucks, and manufacture household appliances and utensils. Outokumpu is known in the market for our unmatched expertise in stainless steel as well as the quality of our products. Our experts produce stainless steel in our mills in Finland, Germany, Mexico, Sweden and the US; they research and develop stainless steel and its production further at our research centers and mills; and they help and advise our customers in choosing, using, and processing stainless steel.
This is Outokumpu
Market leader in Europe, #2 in the Americas
In 2024, we were market leader in Europe and #2 in the Americas, and our net sales were 5.9 billion euros.
Our net sales were 5.5 billion euros in 2025, and we employ some 8,600 experts in close to 30 countries.
Our net sales were 5.5 billion euros in 2025, and we employ some 8,600 experts in close to 30 countries.
Industry leader in sustainability
Our total carbon footprint is up to 75 % lower than the global average, covering all scopes: direct and indirect emissions as well as those of our supply chain. One of the reasons behind that is our high recycled material content of 97% last year. This way, we support our customers to reduce their emissions – by 12 million tonnes in 2025.
Evolving into a pioneering force
In 2026–2030, Outokumpu’s strategy is to evolve from a trusted stainless steel producer into a pioneering force in materials and technologies solutions.
Our business model
Outokumpu’s business model is based on circularity, and the majority of the company’s raw materials comes from recycled steel. Outokumpu’s value chain includes research and development, raw material sourcing and extraction, inbound logistics, production, sales and marketing, outbound logistics, processing and use, as well as scrapping and recycling back to the value chain.
Outokumpu is part of a global supply chain, including raw material, service, and other material suppliers worldwide.The key inputs are recycled metal and metals required for stainless steel production, such as nickel and molybdenum, and low-emission energy to run its energy-intensive manufacturing operations. Sustainable sourcing is critical across all purchases, especially in raw materials, and a pivotal part of Outokumpu’s sustainability roadmap. We are actively partnering with companies in ourupstream to secure access to low-emission raw materials – e.g. with CRONIMET to retain a supply of high-quality scrap metal, with FPX Nickel, to secure a long-term supply of low-emission nickel metal and with Greenland Resources, to secure access to low-emission molybdenum.
Every year we process 2 million tonnes of recycled metals, and last year we delivered some 1.8 million tonnes of stainless steel that has an approximately 75% lower carbon footprint than the industry average. Thus we helped our customers to reduce their supply chain emissions by approximately 12 million tonnes*. We also produced roughly 382,000 tonnes of ferrochrome.
*) Outokumpu’s average product carbon footprint 1.6 kg CO₂e per kg of stainless steel based on lifecycle assessment and global average carbon footprint of stainless steel: 7.3 kg CO₂e per kg of stainless steel (2025). (Our calculation based on data provided by CRU, worldstainless, and Kobolde & Partners AB)
Our business
Structurally, the business is divided into three business areas – Europe, the Americas, and Ferrochrome – where each has responsibility for sales, supply chain management and operations. They are also Outokumpu’s operating segments. The Ferrochrome business area operates in the upstream of Outokumpu’s value chain, producing ferrochrome raw material for the other business areas, which focus on stainless steel and advanced materials manufacturing and sales. Chrome is what makes steel stainless.
Europe
Sustainable stainless steel is the foundation of our business. We are the market leader in Europe and look to strengthen our position.
In Europe, we serve customers in two business lines according to the customer needs. Stainless Europe focuses on customers of large quantities of our cost competitive sustainable stainless steel, while Advanced Materials serves project business and the manufacturers of demanding applications by advanced materials and alloys.
Americas
We are a clear #2 in the Americas market and market leader in Mexico, with the only stainless steel finishing mill in the country.
Outokumpu is in a unique position to take advantage of the growth opportunities both in the U.S. and Mexico. Both of these markets are growing and undersupplied markets.
Ferrochrome
Within business area Ferrochrome, Outokumpu is increasing value from its chrome mine and repositioning from an internal supplier to an unrestricted market player. As a low-emission ferrochrome producer and the owner of the only chrome mine in the EU area, the company aims to further leverage its distinctive position.
Our value chain
Outokumpu creates value for its stakeholders by being the global leader in sustainable stainless steel. For customers, Outokumpu's products provide a solution to reduce their Scope 3 emissions. For investors, Outokumpu aims to pay a stable and growing dividendover time, while maintaining the flexibility to invest in transformative initiatives that yield a minimum internal rate of return (IRR) of 20%, accounting for market cyclicality.
In addition, for 2025 interests and financing expenses were EUR 65 million, and employee benefits EUR 782 million to 8,605 employees in 2025. Outokumpu Group is contributing to society with operational taxes, value-added taxes, and employment taxes etc. Corporate taxes in 2025 had a cash flow impact of EUR -9 million. Outokumpu contributes to the United Nations' Sustainable Development Goals through both the way it operates and its products.
Outokumpu’s role and presence varies between each part of its value chain. Outokumpu’s core activities range from research and development to outbound logistics, while further processing, use and recycling are not part of Outokumpu’s core activities. Research and development focuses on the innovation of products and materials, including, high alloy steels, other steels and side-stream products. In raw material sourcing and extraction Outokumpu plays a double role: Outokumpu has its own mining operations in Kemi, Finland, for the extraction of chromite ore, the required primary raw material for stainless steel, but is also active in raw material sourcing, focusing on securing low-emission scrap, nickel and other relevant raw materials from external sources. The production step covers refining, smelting, and production of stainless steel, including casting, shaping, heat treatment, and finishing. The sales and marketing step includes sales, customer relationships management, and distribution and channels. In inbound and outbound logistics, Outokumpu manages inventories of both raw materials and finished products, and utilizes partners for the transportation of both.
Our history
Since our founding days in the 1910s, we have been pioneers in the field of metals and materials. Outokumpu's history is as long as that of stainless steel, which we focused on in the 2000s. We still operate on locations that were instrumental in inventing it.
Whenever a mineral ore was found in Finland, Outokumpu was asked to investigate if it would be viable for production. If there was no established method of producing it, we developed one. This journey has laid the foundation of our company.