You are here: Home > Steel News > Latest Steel News > Outokumpu...

Outokumpu to secure high-quality scrap supply from CRONIMET

Thursday, 09 November 2023 12:39:59 (GMT+3)   |   Istanbul
       

Finland-based stainless steel producer Outokumpu has announced that it has expanded its partnership with Germany-based stainless steel scrap and ferroalloy producer CRONIMET to further secure supply of high-quality scrap within northeastern Europe, by signing an agreement to acquire a 10 percent interest in CRONIMET North-East GmbH.

Continuous supply of high-quality stainless steel scrap is important for Outokumpu to maintain and increase the recycled content rate of 94 percent. It will also support the company regarding its climate targets and will improve its process efficiency.

The parties have also agreed to jointly carry out research with the goal to improve technologies to further reduce carbon emissions, lower costs and drive waste reduction within the supply chain.

Outokumpu aims to reduce carbon emissions by 42 percent per metric ton of stainless steel by 2030 compared to 2016.


Similar articles

Italy’s Cogne Acciai Speciali to acquire majority stake in its scrap supplier

29 Jan | Steel News

Italy’s Assofermet reviews 2023: Cautious optimism after year of challenges

16 Jan | Steel News

Assofermet on Italian scrap market: Concerns remain over transportation costs

07 Feb | Steel News

Assofermet on Italian scrap market: 2023 starts with cautious optimism

16 Jan | Steel News

South Africa bans scrap exports for six months

02 Dec | Steel News

Indian stainless steel producers seek scrapping of import duty on ferronickel and scrap in national budget

22 Dec | Steel News

Ex-Europe scrap deals continue in Turkey

08 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 40

29 Sep | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 26

23 Jun | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 44

29 Oct | Scrap & Raw Materials