Outokumpu announces base price increases

PRESS RELEASE
December 20, 2010 at 10.30 am EET

Stainless steel base price development in Europe softened in late 2010. Currently, prices have stabilised and the prevailing demand-supply balance supports price increases for deliveries in the first quarter 2011. Outokumpu will, thus, target to increase base prices for all coil products in Europe by 4-6%. The increase applies to all new business from today

OUTOKUMPU OYJ

Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 7 500 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki.
www.outokumpu.com