Rautaruukki - Company Announcement

Ruukki strengthens its position as leading steel frame constructor in Norway with contracts totalling EUR 8 million for two landmark projects

Rautaruukki Corporation Stock exchange release 29 March 2010 at 9.00

Ruukki has signed contracts for two major projects in Norway. Ruukki has been
chosen as the steel structure contractor for the new head office of financial
services group DnB NOR and for construction projects for a new concert hall in
Stavanger. The contracts are worth a total of around EUR 8 million.

DnB NOR's new head office to be built in the centre of the Norwegian capital of
Oslo will have an exceptional honeycombed, multiportal structure. "Compatibility
of the steel frame and other structures in this architecturally ambitious
17-storey building places special demands on the design of the steel frame
structures. We have every confidence in Ruukki's ability to manage such
demanding projects," says Project Director Øystein O. Ylvisåker from Oslos S
Utvikling AS. Ruukki received the order from Oslos S Utvikling AS together with
Spenncon, which will provide the prefabricated concrete elements.

The frame structure of the entire building will be optimised by Ruukki in close
cooperation with Spenncon. Ruukki is responsible for the design, manufacture,
installation and fire protection of the steel frame in the head office project.

In addition, large diameter RD drilled piles - developed by Ruukki and installed
by drilling - will be utilised for the first time in Norway in the project. This
method means fewer piles are required and speeds up installation work. The
solution also reduces adverse environmental impacts on site. The pile casing
serves as a drilling pipe during installation and as part of the load-bearing
pile structure in the finished project.

Ruukki's customers in DnB NOR's new head office project are the Norwegian
property development company Oslos S Utvikling AS in the frame contract and
Kynningsrud Fundamentering AS and Hallingdal Bergboring AS in pile deliveries.

The steel frame structures will be manufactured at Ruukki's units in
Peräseinäjoki and Ylivieska in Finland and in Balabanovo in Russia. Deliveries
will start in May 2010 and the new head office is scheduled for completion in
2012.

New concert hall for Stavanger

In the Stavanger concert hall project, Ruukki is responsible for the
manufacturing, fabrication de-sign, installation and fire protection of the
steel frame. Ruukki's customer in the frame structure contract for the concert
hall is the Nytt konserthus i Stavanger (New Concert Hall in Stavanger)
consortium established by the City of Stavanger and the county of Rogaland. The
frame structures will be manufactured at Ruukki's unit in Peräseinäjoki, Finland
and deliveries will begin in April 2010.

- Read more about Ruukki's part in Kilden, the new theatre and concert hall in
Kristiansand, Norway<http://www.ruukki.com/www/news.nsf/pfbd/345CAB4009848207C22575F400212A08>
- Read more about Ruukki's part in theOslo Opera House<http://www.ruukki.com/www/corporate.nsf/0/62598FB483EE3092C22574EA0038FE38?Open
Document&lang=1>


For more information, please contact:
Sami Eronen, SVP, Infrastructure and Northern Europe, Ruukki Construction, tel.
+358 20 592 5173


Rautaruukki Corporation
Anne Pirilä
SVP, Corporate Communications and Investment 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 11,700 people. Net sales in 2009 totalled EUR 2.0 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



[HUG#1398494]