Rautaruukki - Company Announcement

Completion of Ruukki Metals' employer-employee negotiations

Rautaruukki Corporation Stock exchange release 26 November 2012 at 1pm EET

Employer-employee negotiations affecting Ruukki Metals and Ruukki's Marketing
and Communications function initiated in September have now been completed. The
negotiations were part of projects launched this year to improve Ruukki's
competitiveness. The negotiations have resulted in a workforce reduction of
about 250 persons, which was also the original estimate.

Employer-employee negotiations initiated to improve the efficiency of Ruukki
Metals' operations have been completed. The negotiations affected most of Ruukki
Metals' production organisation in Finland, or a total of around 3,500 persons.
The Raahe Works and Hämeenlinna Works were the largest units affected by these
negotiations.

Ruukki Metals' negotiations originally concerned the need for a workforce
reduction of 230 persons. The negotiations have resulted in a new operating
model at the Raahe and Hämeenlinna works to ensure efficient, profitable
operations also in weaker market conditions or at lower capacity utilisation
rates. The redundancies are to be carried out through the expiry of fixed-term
contracts, pension arrangements and dismissals. The workforce will be reduced by
four persons through dismissals.

Employer-employee negotiations within the Marketing and Communications function
affected around 70 persons across different Ruukki countries. The negotiations
resulted in a workforce reduction of 17 compared to an earlier estimate of 20
persons.

The negotiations were part of projects initiated this year to improve Ruukki's
competitiveness. The negotiations seek annualised savings of around EUR 10
million, which are expected to be achieved in full during the third quarter of
2013.

For further information, please contact:
Olavi Huhtala, EVP, Ruukki Metals, tel. +358 20 592 9157

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

Ruukki provides its customers with energy-efficient steel solutions for better
living, working and moving. Ruukki operates in some 30 countries and employs
around 11,800 people. Net sales in 2011 totalled EUR 2.8 billion. The company's
share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS).

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


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