Outokumpu | Kickstart the future of stainless steel today

Get in-Depth insights shaping the STAINLESS STEEL INDUSTRY for tomorrow

Get the in-Depth insights shaping the STEEL INDUSTRY for tomorrow

The world is transforming with immense speed. As technologies morph and political winds shift, one constant runs through every scenario: societies will still need vast expanses of resilient, low-impact infrastructure and energy.

Material choices are the key to meeting those needs.

In our latest whitepaper, we examine the cost of corrosion and outline how stainless steel’s strengths can combat these costs – financial, environmental, and beyond.

Are you ready to rethink the FUTURE OF MATERIALS?

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THE FUTURE OF STEEL

The FUTURE OF STEEL whitepaper series examines the impact that stainless steel has across industries. In a fast-changing world, it’s the materials that are built to last that will have impact benefits for generations to come.

1.

5 Shifts Shaping the Steel Industry

whitepaper

The steel industry, both carbon and stainless, accounts for 10% of global greenhouse gas emissions – yet our society will require more steel and energy in the future. We need a profound industrial transformation that takes us beyond sustainable, and towards the everlasting.

This whitepaper identifies five critical shifts for leading the steel industry into a new era.

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2.

The Evolution of Materials

whitepaper

Markets, designers, and industries are learning what stainless steel makers have long known to be true: materials that are built to last the tests of time are the way forward. The costs of corrosion are vast, and using resilient and sustainable materials is the only way to combat the financial and carbon costs.

This whitepaper outlines those costs and highlights stainless steel’s role in long-term resilience.

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About the AUTHORS

These white papers were commissioned by Outokumpu, and created by Kairos Future, utilizing a blend of qualitative desk research, C-level interviews, AI and data analysis.

Outokumpu is the global leader in sustainable stainless steel. Our business is based on the circular economy: our products are made from 95% recycled materials, which we then turn into fully recyclable stainless steel. We are committed to 1.5°C target to mitigate climate change, and with up to 75% lower carbon footprint than the industry average, we support our customers to reduce their emissions. www.outokumpu.com

Kairos Future is a Swedish consultancy specializing in strategic intelligence, foresight, and scenario planning. Through trend analysis, innovation, strategy, and software support for AI-driven analytics, we help our clients understand and shape their future. www.kairosfuture.com

From the Outokumpu experts

Johann Steiner

EVP for Sustainability, Strategy and People

“The green transition is one of the primary drivers of industrial transformation in the 21st century. In 2023, the steel industry, both carbon and stainless, reached a market value of $928 billion, producing ~2 billion tons of steel. Currently, the steel industry accounts for 10% of global greenhouse gas emissions – yet our society will require significant amounts of energy and steel also in the future. By 2050, steel industry emissions need to be reduced by 90% compared to 2022 levels, a monumental change that requires a deep transformation of steel actors from around the world.”

Heidi Peltonen

VP, Sustainability

"To accelerate the green transition in our society, companies need to commit to sustainability beyond their own operations. By decarbonizing, we do not only reduce the carbon emissions of our production and supply chain, but also provide low-emission solutions to critical industries from infrastructure to renewable energy and automotive. The positive impact companies can create through carbon handprint also accelerates the business case for sustainability – and that is the transformation many industries, including the steel industry, are now facing."

Stefan Erdmann

Chief Technology Officer

"The steel industry stands at a crossroads. Decarbonization is not merely a goal; it's a necessity, requiring a paradigm shift. To achieve this, we must invest in cutting-edge but affordable technologies and collaborate with industry leaders and suppliers. Clean energy transition combined with a strong energy efficiency and renewable energy sources will play an important role in the puzzle. Companies should further accelerate the progress towards a decarbonized future – a new era of steel production. Smart and focused decarbonization is the key to success in this important transition."

Juha Erkkilä

Vice President, Innovations

“When I started in the steel industry, there were only a few discussions ongoing about CO₂ even though the industry created more CO₂ than steel. China was just starting, and that was only less than 20 years ago. Things have changed a lot.”