Rautaruukki - Company Announcement

Members of Union of Salaried Employees start week-long strike at Ruukki's Raahe unit

Rautaruukki Corporation Stock exchange release 1 December 2009 at
8:30

Around 400 members of the Union of Salaried Employees TU started a
strike at 6am today, 1 December 2009, after negotiations between the
Federation of Finnish Technology Industries and TU foundered. The
week-long strike will end on 8 December at 6am and affects Ruukki's
operations based at the Raahe Works.

The strike will stop hot-rolling production and the cutting lines at
the Raahe Steel Works. Consequently, the manufacture of these
products at the works and delivery to customers and the company's own
processing functions will be at a standstill at the start of the
week. There is also disruption in order processing. Despite the
strike, all functions essential to the personnel, processes and
environmental safety are being maintained.

Raahe provides rolled and partly processed steel products for further
processing at the company's Hämeenlinna Works, tube mills and steel
service centres. Around one third of deliveries from Raahe are direct
customer deliveries.

The strike will mostly affect Ruukki Metals, which will try to use
its Nordic service centre network and stocks to safeguard customer
deliveries. The strike will not significantly affect the operations
of Ruukki Engineering and Ruukki Construction divisions or Ruukki's
units outside Finland.

It is estimated the strike will weaken the consolidated operating
profit for the fourth quarter by around EUR 6 million.


For further information, please contact:
Olavi Huhtala, President, Ruukki Metals tel. +358 20 592 9157
Sakari Kallo, SVP, Production, Ruukki Metals tel. +358 20 592 8888


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 27 countries and employs 12,200 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