Steel industry decarbonization

Outokumpu Spells Out Stainless Steel Market Concerns

by
Outokumpu spells out stainless steel market concerns including oversupply, weak demand, rising costs, and carbon compliance challenges

Outokumpu, Europe’s leading stainless steel producer, has outlined its concerns about the stainless steel market amid weakening demand, rising costs, and global trade policy changes. The company has warned that oversupply, slowing construction activity, and stricter climate regulations could weigh on the industry’s profitability in the short term. Despite these concerns, Outokumpu believes stainless steel … Read more

Getting to Greener Steel

by
Getting to greener steel with hydrogen-based production, renewable energy, and recycling for a sustainable steel industry

The global steel industry is undergoing a transformation, with increasing pressure to cut emissions and adopt low-carbon solutions. Getting to greener steel requires a multi-pronged approach—shifting to renewable-powered furnaces, expanding recycling, introducing green hydrogen, and creating transparent carbon-tracking systems. This article explores what “green steel” means, why it matters, and how governments, companies, and investors … Read more