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OUTOKUMPU?S DELIVERIES IN 2004

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OUTOKUMPU OYJ   STOCK EXCHANGE RELEASE  JANUARY 18, 2005 AT 2.30 PM


OUTOKUMPU’S DELIVERIES IN 2004

The following table presents preliminary information on
Outokumpu’s deliveries in 2004.

MAIN PRODUCTS                       Oct-Dec Jul-Sep Jan-Dec Jan-Dec
1 000 tonnes                          2004    2004   2004    2003
                                                                 
STAINLESS                                                        
Deliveries of main products                                      
Cold rolled                            218     213    891     867
White hot strip                        156      74    432     316
Other                                  116      87    464     592
Total                                  490     374  1 787   1 775
                                                                 
COPPER                                                       
Deliveries of fabricated products 1)                           
Regional businesses                     92      98    403     228
Global businesses                       49      51    212     193
Internal deliveries                   (11)    (14)   (53)     (1)
Total deliveries                       130     135    562     420
                                                                 
Order backlog at the end of period      78      79     78      66
                                                                 
TECHNOLOGY                                                       
Order backlog at the end of period,    
EUR million                            463     423    463     356


1) Regional businesses consists of the Americas, Europe, as well
as Tube and Brass divisions. Global businesses consists of the
Automotive Heat Exchangers as well as Appliance Heat Exchangers &
Asia divisions.


Outokumpu’s stainless steel product mix improved in 2004 compared
with the previous year. Deliveries of finished stainless steel
products (i.e. cold rolled and white hot strip products) increased
by 12%, and the relative share of semi-finished products (i.e.
slabs and black hot rolled coils included in the group Other)
decreased from the high level in 2003. The improvement of the
product mix relates primarily to the utilization of new capacity
in Tornio, where the relative share of finished products is
increasing as the ramp-up progresses.

Total stainless steel deliveries in 2004 grew only modestly.
However, during October-December 2004 total delivery volume was
record-high at 490 000 tonnes, boosted by high deliveries of white
hot strip especially to Asia.

The 34% increase in total deliveries of fabricated copper products
in 2004 was mainly due to the acquisition of the fabrication
business from Boliden at the end of 2003. The acquisition has
increased deliveries of the Regional businesses division.

The order backlog of Outokumpu Technology increased due to
improved investment activity of the mining and metals industry.

As previously announced, Outokumpu’s full-year 2004 financial
results will be published on Thursday, February 10, 2005.



OUTOKUMPU OYJ
Corporate Management

Johanna Sintonen
Vice President - Investor Relations
Tel. + 358 9 421 2438, mobile +358 40 530 0778
Fax + 358 9 421 2125
E-mail: johanna.sintonen@outokumpu.com
www.outokumpu.com

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