Rautaruukki - Company Announcement

Ruukki to adjust production and focus on wind energy in Mo i Rana, Norway

Rautaruukki Corporation Stock exchange release 3 July 2009 at 14:15

Due to weak demand in the shipbuilding industry, Ruukki Engineering
is to reorganise its operations at its Mo i Rana plant in Norway. The
plant's main products are shipbuilding profiles although flange
profiles for windmill towers have been the fastest growing product
sector in recent years.

Mill operations will change over to working one shift instead of two.
Adjustment to production will result in the reduction of 137 jobs at
the plant. These reductions will take place during the autumn."The Mo i Rana plant will focus on the production of flange profiles
for windmill towers since the wind power sector continues to grow. At
the same time, the shipbuilding industry is suffering heavily from
the economic downturn. This regrettably means adjustment to
production and the loss of jobs at our plant in Mo i Rana", says
Tommi Matomäki, President, Ruukki Engineering.

The Mo i Rana plant currently employs 255 people.

Reorganisation of operations is expected to result in non-recurring
costs of approximately EUR 1.2
million, which will be booked for the third quarter of 2009.

For further information, please contact: Jyrki Keronen, SVP, Energy,
Offshore, Marine, Paper,
tel. +358 50 3143 465

Rautaruukki Corporation

Anne Pirilä
SVP, Corporate Communications and Investor Relations

Rautaruukki supplies metal-based components, systems and integrated
systems to the construction and engineering industries. The company
has a wide selection of metal products and services. Rautaruukki has
operations in 26 countries and employs 13,300 people. Net sales in
2008 totalled EUR 3.9 billion. The company's share is quoted on
NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses
the marketing name Ruukki.

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com