Steel News

We strive to let you one step ahead of the market.

Outokumpu & Fortum collaborate to accelerate decarbonization of stainless steel production

29 Mar 2023 16:01 reported by Cassie Chen

A A A
Finnish stainless steel producer Outokumpu announced that it had signed a Memorandum of Understanding (MoU) with Scandinavian clean energy company Fortum to explore the decarbonization of Outokumpu's steel manufacturing operations using the emerging nuclear technology, Small Modular Reactor. The two companies will identify potential business models and technical solutions for potential investment decisions.

Outokumpu indicated that the research into emerging technologies in energy supply was a natural step in the company's ambition to reduce carbon emissions. In addition to wind, solar, and hydropower, energy-intensive industries need stable and carbon-free power generation. Nuclear energy is currently the only option. Therefore, as part of its sustainability journey, the company is pleased to explore the possibilities offered by small modular reactors together with Fortum.

Back to Steel News

Related News

Zhejiang Yongjin decides to terminate stainless steel project in Indonesia

  • Stainless steel
  • 2 Jun 2023 14:50

LME nickel price rebounds on declined US dollar

  • Stainless steel
  • 2 Jun 2023 14:49

China’s stainless steel net exports grow in Apr m-o-m, y-o-y

  • Stainless steel
  • 1 Jun 2023 15:11

India's SAIL calls on CVD imposition on 200 series stainless steel imports from China

  • Stainless steel
  • 30 May 2023 14:57

Italy’s Acciai Speciali Terni to stop production again in May

  • Stainless steel
  • 29 May 2023 14:08

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,270.50
  • 2,286.00
  • Aluminum
  • 2,280.50
  • 2,252.50
  • Copper
  • 8,210.00
  • 8,226.00
  • Nickel
  • 20,800.00
  • 20,900.00

Learn more

Coil Exchange Center

  • 2B Coil-Jul
  • 2,740
  • 2,600
  • NO1 Coil-Jul
  • 2,710
  • 2,570
  • 2B Coil-Jul
  • 2,740
  • 2,600
  • NO1 Coil-Jul
  • 2,710
  • 2,570

Learn more