Answers to global challengesGlobal megatrends such as population growth, mobility and urbanization have resulted in unprecedented economic growth and prosperity globally. At the same time, these megatrends have resulted in massive problems related to increasing carbon emissions and overall climate change.
We see that stainless steel is an important product of the modern society to help protect the globe and climate as it is at the center of the circular economy. Outokumpu can provide its customers stainless steel with the lowest carbon footprint in the industry enabling them to design long lasting solutions with lower environmental impacts.
Key building block for sustainable infrastructureIt is estimated that over half of the world’s population live in cities. This means the need for sustainable infrastructure is increasing along with the construction of higher buildings, elevators and bridges that can sustain the increasing flow of people, trains and cars. We see that stainless steel is an important product of the modern society to help protect the globe and climate as it is at the center of the circular economy. It is in many ways the perfect answer to global challenges like limited resources.
Durable and recyclableStainless steel is strong, hygienic, corrosion resistant and recyclable. The combination of corrosion resistance and durability increases product lifetimes. These properties make it an ideal choice for a variety of demanding industrial and consumer applications.
Low life-cycle costs
Several life-cycle studies indicate that in many applications the total cost of stainless steel is lower than that of competing materials; in certain cases, cost savings can be in the range of 30% to 40%, due to reduced repair and maintenance costs. Renewable energy solutions such as solar power, biofuels and wind energy require components and materials that can be sustainably sourced and yield low life-cycle costs. Stainless steel is an optimal choice in such areas.