EQS-News Klöckner & Co receives first CO2-minimized stainless steel coil from Outokumpu

• Delivery of larger quantities of strongly CO₂-reduced stainless steel intended from 2023 onward
• Significant expansion of sustainable product portfolio
• Introduction of categorizations for CO₂-reduced stainless steel and aluminum

Duisburg, Germany / Helsinki, Finland, December 07, 2022 – Klöckner & Co has received the first coil made of CO₂-minimized stainless steel from Outokumpu, the global leader in sustainable stainless steel. Outokumpu’s new Circle Green product is stainless steel with 92% lower CO₂ emissions than the industry average and therefore classified in the best category (Prime) in Klöckner & Co's new categorization for stainless steel. The Collaboration with Outokumpu enables Klöckner & Co to significantly expand its sustainable range of Nexigen products and services.

Guido Kerkhoff, CEO of Klöckner & Co SE: “After securing significant quantities of CO₂-reduced steel at an early stage, we are now also committed to increasing the availability of other CO₂-reduced metals for our customers – Outokumpu's first CO₂-minimized stainless steel coil is another important step in the right direction for our company. With it, we enable even more of our customers to already build sustainable value chains today and strengthen our position as a pioneer of sustainability.”

Heikki Malinen, President and CEO of Outokumpu: “We want to help our customers and partners to develop solutions that reduce climate burden by means of the right material choices. As the global leader in the sustainable stainless steel sector, we are pleased to cooperate with Klöckner & Co, one of the largest producer-independent distributors of steel and metal products. Both companies are united by our strong aspirations for a sustainable metal sector, which we are once again getting closer to with our collaboration. Partnering around sustainability offers the possibility to cut emissions and support companies to reach their climate targets.”