Ruukki Group Oyj - Company Announcement

RUUKKI GROUP PLC'S BOARD UPDATES ITS OUTLOOK FOR 2012

07:00 London, 09:00 Helsinki, 7 November 2012 - Ruukki Group Plc, Stock Exchange
Release

RUUKKI GROUP PLC'S BOARD UPDATES ITS OUTLOOK FOR 2012

Ruukki Group Plc's ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) Board of
Directors has updated its outlook for the Company's financial performance in
2012.

The global economic outlook for the coming quarter is uncertain as the Eurozone
crisis continues and demand for commodities remains weak. After a period of very
high fluctuations on the ferroalloy market it is now expected to be less
volatile going forward but with prices continuing at relatively low levels. The
market for higher value speciality products is expected to be more positive and
the Group will continue to optimise its production levels and product mix
accordingly.

The Board has updated the outlook for the Company's financial performance for
2012. Ruukki still expects its financial performance for the full year 2012 to
be better than in 2011 because of more stable market conditions, improved cost
efficiency across the operations, and favourable exchange rates. Based on the
view that prices of the Company's main products will slightly improve in the
mid-term, a decision has been taken to focus on disciplined pricing of products.
This is expected to result in an increase in finished goods inventory levels,
and will thereby have a negative impact on revenues in the last quarter of
2012. Therefore, Ruukki now expects revenue for the full year 2012 to be lower
than in 2011.

Fluctuations of exchange rates between the Euro, the South African Rand, the
Turkish Lira and the US Dollar can significantly impact the Company's financial
performance.

The previous outlook, published in the second quarter interim results on 16
August 2012, was:

The global economic outlook for 2012 is uncertain as the Eurozone crisis
continues and demand for commodities, primarily driven by Chinese consumption,
remains weak. After a period of very high fluctuations on the ferroalloy market
it is now expected to be less volatile going forward. The Group remains prepared
for price fluctuations and will continue to adapt its production levels and
product mix accordingly. The market for speciality alloy products is estimated
to be more stable, although some uncertainty remains.

Ruukki expects its revenue for the full year 2012 to be in line with 2011 and
the Company's financial performance for the full year 2012 to be better than
2011 because of more stable market conditions, improved cost efficiency across
the operations and favourable exchange rates. Due to the seasonal nature of the
business, the Company's performance for Q3 2012 is not expected to be as
positive as Q2 2012.

Fluctuations of exchange rates between the Euro, the South African Rand, the
Turkish Lira and the US Dollar can significantly impact the Company's financial
performance.


RUUKKI GROUP PLC
Thomas Hoyer
CEO


For additional information, please contact:

Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)10 440 7000, thomas.hoyer@ruukkigroup.com
Kalle Lehtonen, General Manager: Finance, +358 (0)400 539 968,
kalle.lehtonen@ruukkigroup.com
Markus Kivimäki, General Manager: Corporate Affairs, +358 (0)10 440 7000,
markus.kivimaki@ruukkigroup.com

Investec Bank Plc
Neil Elliot, +44 (0)20 7597 5970, neil.elliot@investec.co.uk
George Price, +44 (0)20 7597 5970, george.price@investec.co.uk

RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com


Ruukki Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX
Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.com

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