Outokumpu announced plans to expand its low-emission stainless steel portfolio to be available early next year.
Jörg Müller, Head of Sales for Stainless Europe at Outokumpu stated; “Outokumpu is committed to science-based climate target aligned with Paris Agreement. Our efforts on achieving 95% recycling rate in our production, using low-emission electricity and producing our own ferrochrome underline the leadership position in sustainability. The leading companies have seen the business value of offering Circle Green to their customers through their solutions. Even though the journey is still in its early phase, the volumes have multiplied year by year. We are confident that the growth will continue, and we are currently working on extending our low-emission stainless steel portfolio to be available early next year”
Outokumpu emphasized the demand for green steel is expected to grow in the coming years, but the industry needs to accelerate the pace of global green transition. Demand is reportedly driven by a focus on sustainability, environmental regulations such as carbon pricing, green steel innovations, and interest in low-emission solutions in industry. Automotive, heavy industry, energy, and consumer goods are among the focus sectors for this demand.
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