Outokumpu has released a whitepaper, The Evolution of Materials, outlining how recent tariffs and geopolitical tensions are changing global stainless steel sourcing strategies. Based on a May 2025 survey of 70 senior executives from companies with a combined USD 430 bln in annual revenue, the report shows one in three organizations have delayed or paused orders, while 30pct have already switched suppliers.
Regional responses varied, with North American companies locking in long-term prices to manage volatility, and European firms building inventory to guard against disruptions. Despite short-term caution, two-thirds of respondents expect stainless steel demand to grow over the next five years, driven by climate resilience, urbanization, and stricter environmental standards.
The study also highlights rising use in defense and aerospace, supported by initiatives such as the EU’s ReArm Europe plan, which is expected to increase demand for advanced stainless steel grades in military and low-carbon infrastructure projects.
Outokumpu, a global leader in sustainable stainless steel, operates the Tornio plant with an annual melting and hot-rolling capacity of 1.65 mln tons and cold-rolling capacity of 1.2 mln tons. The company also runs an extensive network of production facilities across Europe and the Americas.
