Rautaruukki - Company Announcement

Rautaruukki revises its 2011 earnings guidance - mill deliveries in the steel business have declined and the capacity utilisation rate for the rest of the year will be about 80 per cent

Rautaruukki Corporation Stock exchange release 7 October 2011 at 14.00 EEST

Rautaruukki revises its 2011 earnings guidance. Consolidated net sales are
estimated to grow approximately 15-20 per cent instead of approximately 25 per
cent as estimated earlier. Profitability is estimated to improve compared to
2010. Profitability was earlier estimated to clearly improve compared to 2010.

Rautaruukki's outlook in the steel business has changed for 2011. The outlook in
the engineering and construction businesses has remained unchanged. Estimates
for the economic activity for the rest of the year have weakened as a result of
general uncertainty caused by the European debt crisis. Mill deliveries, which
account for more than half of total steel business' deliveries, have been weaker
than expected. This is why Rautaruukki estimates its consolidated net sales to
grow 15-20 per cent year on year. Net sales growth was earlier estimated to be
approximately 25 per cent.

The capacity utilisation rate during the third quarter declined due to the
modernisation of blast furnace 2 and normal seasonality, as well as to a
decrease in order intake in mill deliveries. The capacity utilisation rate in
the steel business is estimated to be around 80 per cent during the fourth
quarter. This is why profitability of the steel business for the second half of
the year will miss the earlier estimate and be weaker than during the
corresponding period a year earlier. Based on the above, profitability for the
full year 2011 is estimated to improve year on year, whereas earlier
profitability was estimated to clearly improve compared to 2010.

Earlier earnings guidance:
Consolidated net sales in 2011 are estimated to grow approximately 25 per cent
year on year. Profitability is estimated to clearly improve compared to 2010.

New earnings guidance:
Consolidated net sales in 2011 are estimated to grow approximately 15-20 per
cent year on year. Profitability is estimated to improve compared to 2010.

Rautaruukki's interim report for January-September 2011 will be published at
about 9am EEST on Wednesday 19 October 2011.

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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 around 11,700 people. Net sales in 2010 totalled around EUR 2.4 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


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