OUTOKUMPU?S PRODUCTION AND DELIVERIES IN

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OUTOKUMPU OYJ STOCK EXCHANGE RELEASE January 20, 2004 at 3.00 pm                                                               
                                                               
OUTOKUMPU’S PRODUCTION AND DELIVERIES IN 2003

The following table presents preliminary information on
Outokumpu’s production volumes and deliveries in 2003.

Main products                 Oct-Dec Jul-Sep Jan-Dec  Jan-Dec
1 000 tonnes                     2003    2003    2003     2002
Stainless (production)                                        
Coil Products                                                 
Steel slabs                       463     411   1 868    1 594
of which Long Products'            82      64     349      501
share
Cold rolling mill production                                  
cold rolled                       216     180     807      807
white hot strip                   130     103     470      385
                                                              
Special Products                                              
Ferrochrome                        64      62     251      248
Tubes                              17      14      69       68
Quarto plate                       32      25     116       95
Long products 1)                   48      40     194      180
Precision strip                     5       5      22       21
                                                              
North America                                                 
Quarto plate, bar and tubes        18      18      76       74
                                                              
Copper (deliveries)                                   
Americas                           24      20      91       98
Europe                             35      34     139      145
Automotive Heat Exchangers         21      23      89       88
Appliance Heat                                                
Exchangers & Asia                  23      24     103       90
Internal deliveries               (1)       1     (2)      (6)
Total deliveries                  102     102     420      415
                                                              
Order backlog at                                              
the end of period                  66      51      66       60
                                                              
Harjavalta Metals (production)                                
Blister copper                     41      43     161      161
Cathode copper                     32      31     126      115
                                                              
Zinc (production)                                             
Production of                                                 
zinc, Kokkola and Odda            107     100     407      380
                                                              
Technology                                                    
Order backlog at                                              
the end of period                 373     410     373      370
                                                              
Other operations                                              
Zinc in                                                       
concentrates, the Tara mine 2)     53      51     188       49
                                                         

1) Other long products than slabs.
2) Tara put on care and maintenance on November 1, 2001. The
production was resumed at the beginning of September 2002.


As previously announced, Outokumpu’s Annual Accounts 2003 will
be published on Tuesday, February 10, 2004.

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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