Outokumpu and Metalshub Join Forces to Revolutionize Raw Material Procurement

Outokumpu’s scrap yard in Tornio, Finland.

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is expanding its partnership with Metalshub, a leading raw material procurement solution provider, to digitize its raw material sourcing operations. The collaboration aims to enhance supply chain traceability and efficiency. Outokumpu, which supplies stainless steel to demanding industries worldwide, will utilize Metalshub’s platform not only for public tendering but also for direct supplier interactions and contract call-offs. This move is seen as crucial to establishing a documented, transparent, and compliant sourcing process. The companies believe that digital solutions will transform the metals and mining industry, setting a benchmark for procurement in the steel sector.

(PRESS RELEASE) HELSINKI, 12-Jan-2024 — /EuropaWire/ — Outokumpu, a global leader in sustainable stainless steel, is strengthening its collaboration with Metalshub, a premier raw material procurement solution provider, to drive digital transformation within Outokumpu’s raw material sourcing operations. As an integral part of the global supply chain, Outokumpu supplies stainless steel to prominent brands across demanding industries worldwide. In response to heightened expectations for a traceable supply chain, Outokumpu has imposed rigorous requirements on its suppliers, and this expansion into digitalization of supply chain processes is a vital step in that direction.

Outokumpu has been utilizing Metalshub’s platform for spot-demand sourcing through public tendering since the outset of their partnership. Building on this foundation, Outokumpu has now engaged Metalshub to broaden the scope of usage, encompassing not only public tendering purchases but also the capture of direct-to-supplier or contract call-offs via the sourcing platform. This strategic move is set to enhance operational efficiency and standardize documentation in Outokumpu’s interactions with its suppliers, ensuring a documented and compliant sourcing process.

“Procurement plays a strategically important role in enabling Outokumpu’s sustainability journey. Therefore, we work together with our suppliers to strengthen the sustainability of the entire supply chain – including environmental, social and governance aspects. We have been looking for the best partner to digitize our sourcing process and have decided that the Metalshub supply chain solution is the best option for us, when considering raw material sourcing. We see this shift as a necessity to ensure a documented, transparent, and compliant sourcing process. We are pleased to collaborate with our partner Metalshub further to cover all our raw materials, and we are now inviting our raw material suppliers to join us on the Metalshub platform, stated Marc-Simon Schaar, Chief Procurement Officer at Outokumpu.

Dr. Sebastian Kreft, Co-Founder and Managing Director of Metalshub, emphasized the potential of digital solutions to reshape the metals and mining industry, stating “We believe digital solutions will transform metals and mining, empowering companies to unlock more value, and build a more efficient and sustainable future for the whole industry. We are proud that after a competitive selection process, Outokumpu has chosen us as its long-term technology partner for raw material sourcing. We are confident that this collaboration will set a benchmark for procurement in the steel industry.”

For more information:

Outokumpu media desk, tel. +358 40 351 9840, media(at)outokumpu.com

Metalshub media: Claus Schmidt, Head of Marketing, Claus.Schmidt@metals-hub.com

Outokumpu Oyj

About Metalshub

Metalshub is a leading software provider for the metals & mining industry, unlocking supply chain value. By leveraging advanced technology and market expertise, Metalshub provides software solutions for buyers and sellers to connect, negotiate, and close transactions. With its innovative solutions, Metalshub empowers businesses to optimise supply chains, make informed decisions, and drive growth in the digital era.

About Outokumpu

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

SOURCE: Outokumpu Oyj