Ruukki's news

Ruukki is to initiate employer-employee negotiations in Ruukki Metals Oy's steel service centres and sales organisation in Finland and in some corporate business support functions

Wed, 16 May 2012 08:30:00 +0300

Rautaruukki Corporation Press release 16 May 2012 at 9.30 EEST

As part of its project to improve competitiveness, Ruukki Metals Oy is to initiate employer-employee negotiations concerning the centralisation and efficiency of operations in its steel service centres and sales organisation in Finland. Employer-employee negotiations will also be initiated in some corporate business support functions. There is a need for redundancies which in all will affect an estimated maximum of 90 people, of which 15 are workers and 75 salaried employees.

In February this year, Ruukki initiated a project to improve the competitiveness of its steel business. The project seeks to achieve a permanent annual improvement of EUR 50 million in earnings performance and profitable business also when production is running at 80 per cent, which is low for the steel industry. Efforts will be made to improve the operating efficiency of the steel service centres and sales organisation. Corporate business support functions will be adjusted to respond to business needs. Efforts will be made to carry out some of the redundancies through retirement and by redeployment.

"The project now under way is important as far as the efficiency of our business is concerned. Working constructively with the entire personnel, we have identified ways to improve efficiency and, especially, flexibility. It is now recognised that the flexibility and savings being sought also regrettably require redundancies. Our aim is to improve our long-term competitiveness, which requires a permanently lower cost level of EUR 50 million and continued cost control," points out Olavi Huhtala, Executive Vice President of Ruukki Metals.

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

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).

www.ruukki.com

Ruukki rolls out a new design tool to help builders choose a roof

Thu, 10 May 2012 13:30:00 +0300

Rautaruukki Corporation Press release 10 May 2012 at 2.30 pm EEST

Ruukki has rolled out a new tool, Visualize your roof, at ruukkiroofs.com. The tool enables potential roofing customers to discover Ruukki's range of steel roofs and colours by trying them out on houses of different types. The tool makes it is easy to see how the choice of roofing sheets and other roof parts impacts on the appearance of a house and which combinations work best.

"Ruukki's Visualize your roof tool serves as a visual aid and provides quite a realistic picture of how Ruukki's roof profiles look on houses of different types. The differences emerge not only in the colours, but also in the forms. This will make the buying decision much easier," says Mika Autio, Marketing Development Manager of Residential Roofing, at Ruukki.

Potential customers choose the type of house and roof from the options available in the visualizer tool. The colour of the walls and accessories, the actual roof profile and the colour of the roof and rainwater system can also be chosen. All Ruukki's roof models and colours are available for selection. Tikkurila's exterior wall colour chart is also provided to choose the colour of the house.

The visualizer tool is based on real photographs of houses. Useful both to renovators and builders of new houses, the visualizer makes it much easier to try out the different options to find the most suitable combinations than browsing through traditional brochures or colour charts. The visualizer tool also makes simple work of finding out more about the preferred roofing sheets and their warranty periods.

The Visualize your roof tool will be rolled out across all 12 countries that have Ruukki's local roofing website. In future, the tool will be complemented by adding new features, which will enable completed roof plans to be shared in social media, printed and saved straight for a quote for the roofing products.

Visualize your roof tool is available to help roofing customers at ruukkiroofs.com

The market area for Ruukki's steel roofing products is the Nordic countries, Baltics, CEE and Russia. Ruukki is the market leader in roofs for single-family and terraced houses, as well as holiday homes in Finland (RTS research).

For more information, please contact: Mika Autio, Marketing Development Manager, Residential Roofing tel. +358 20 592 7991

Press contact: Virpi Koskimies, PR Specialist tel. +358 20 592 8986

www.ruukki.com

Ruukki to spread purchases of raw materials

Wed, 02 May 2012 11:00:00 +0300

Rautaruukki Corporation Stock exchange release 2 May 2012 at 12 noon EEST

Rautaruukki has signed a long-term, three-year contract for supplies of coking coal and iron pellets with Severstal Resources, a division of the Russian company OAO Severstal. The contract enables Ruukki to reduce its dependency on distant coking coal and to spread purchases of raw materials.

The contract signed will cover up to around 20 per cent of Ruukki's coking coal and iron pellet requirement at full delivery volume. Pellet deliveries will begin this month and deliveries of coking coal will begin in July.

Ruukki sources most of the iron pellets it needs from the Swedish company LKAB and buys coking coal on the global market from i.e. the USA, Canada and Australia. The contract now signed will ensure the long-term supply of these main raw materials in various market conditions.

For further information, please contact:
Sakari Kallo, Senior Vice President, Production, Ruukki Metals, tel. +358 20 592 8888

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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

Ruukki wins additional contract worth around EUR 5 million for Outokumpu's ferrochrome investment in Tornio

Fri, 27 Apr 2012 09:00:00 +0300

Rautaruukki Corporation Press release 27 April 2012 at 10am EEST

Rautaruukki has signed a contract with Outokumpu to manufacture and install steel structures for the granulation basins at the ferrochrome smelter at the Tornio Ferrochrome Works in Finland. The contract is worth around EUR 4.5 million and, with the deliveries already agreed, will take the total value of Ruukki's deliveries in the ferrochrome production project to almost EUR 25 million.

Under the agreement just signed, Ruukki will supply the stacks and hoods for the granulation basins of smelter 3 at the ferrochrome smelter. Manufacture of the structures will begin this spring and installation is scheduled to be completed in the autumn.

Ruukki previously manufactured and installed the steel structures for the smelter building and casthouse for the ferrochrome production investment and also delivered the drilled piles used in the foundations and the façade panels for the building.

Outokumpu doubles the group's ferrochrome capacity in Finland. The new smelter will enable the production of high-quality ferrochrome energy-efficiently and with minimal emissions.

For further information, please contact:
Sami Eronen, SVP Building Projects, Ruukki Construction, tel. +358 20 59 2 5173

www.ruukki.com

Ruukki smart roof now ready

Thu, 26 Apr 2012 11:00:00 +0300

Rautaruukki Corporation Press release 26 April 2012 at 12noon EEST

Ruukki smart roof has now been enhanced and is ready to save people and buildings. Ruukki's solution improves the safety of buildings, especially at northerly latitudes, where the impact of snow loads on roofs can quickly change. Using wireless technology, Ruukki smart roof detects changes in snow loads on roofs and reports them. Ruukki smart roof can be installed on new and old roofs alike where Ruukki's load-bearing sheets have been used.

"As well as improving the safety of buildings, Ruukkismart roof also means savings in property maintenance costs. With the smart roof innovation, needless clearing of snow from roofs is history. This enables maintenance companies to prioritise assignments according to urgency," explains Jouni Metsämäki, SVP, Building Components, at Ruukki.

Ruukki smart roof lends itself to the roofs of industrial, commercial and logistics buildings, as well as to the roofs of public premises such as airport terminals and sports centres.

"Ruukki's innovation of monitoring snow loads on roofs is a prime example of an application where we can put our technological know-how to good use. We have high expectations of Ruukki smart roof since the product benefits the building's owner, occupants and the property maintenance company. We also have ideas about how to further develop the product," enthuses sales manager Mika Nurminen at MeshWork Wireless.

The smart roof uses SeeMoto software, which enables information to be transmitted to more than one computer or even to mobile devices. The software is used, for instance, in applications where thermostatic control and control of conditions is required, such as in cold storage equipment in shops and in the transportation of foodstuffs and medicines.

How a change in snow load is detected and how an alert is sent

The transmitter attached to the underside of load-bearing profiles detects changes in the snow load. The greater the loading on the roof, the more the load-bearing sheet yields. The transmitter sends data about the changed conditions by radio frequency to the connector point.

The connector point transmits the data wirelessly to the service provider's server. Building-specific limit values for the permitted loadings on the roof have been specified for the software on the server, which sends automatically sends an alert once the limit values have been exceeded. Alerts may be made to an email address or mobile phone.

Limit values for loading are determined separately for each building and calculated using the Poimu dimensioning program for Ruukki's load bearing profile sheets. Determination takes into account the type and material thickness of the load-bearing sheet, the design model, building spans and the location of the sensor in the structure.

By logging onto the service provider's website, the Ruukki smart roof solution can also examine temperature and humidity as well as snow load.

Service ensures performance

The smart roof package includes load-bearing sheets, a load meter, amplifier, radio transmitter and routers. On top of this, Ruukki provides technical support with the structural design of load-bearing sheets and the positioning of sensors, together with the delivery and installation of smart roof hardware products. Ruukki is also responsible for testing performance, data transmission to the service provider's server and for making the information available to the customer.

The system stores the data measured. Snow loads on the roof can be examined for the period requested and information can be obtained about changes in snow loads. The system can also be linked to a GPS system and the main user can also grant a third party a viewing right to the system to enable, fort example, a maintenance company to locate future sites on the map.

Ruukki smart roof works in conjunction with Ruukki's load-bearing sheets and has been designed to work in warm indoor premises in corrosion classes C1 and C2. It is currently available in Finland, Norway and Sweden.

During the past two winters in the Nordic countries, snow loads on many roofs have exceeded the maximum permitted limits. Smart roof also means savings in property maintenance costs. If needless clearing of snow can be avoided twice, the outlay in Ruukki smart roof will have already paid for itself.

Payment of Rautaruukki Oyj treasury shares based on the share-based incentive plan 2011-2013

Tue, 24 Apr 2012 08:30:00 +0300

Rautaruukki Corporation Stock exchange release 24 April 2012 at 9.30am EEST

On 23 April 2012, Rautaruukki's Board of Directors confirmed the bonus for 2011 for the first earning period in the share-based incentive scheme 2011-2013 as 11.5 per cent of the maximum bonus payable. Of the total bonus, 50 per cent will be paid in the form of shares and the remainder in cash for the payment of taxes and fiscal charges. The Board of Directors has resolved to transfer, without consideration, to the bonus recipients 30,984 of the treasury shares held by the company as the share element of the bonus.

During the 2011 earning period, there were 89 executives or other key employees who will receive the bonus. The shares will be transferred on 24 April 2012.

In December 2010, Rautaruukki's Board of Directors decided on a share-based incentive plan as part of a commitment and incentive programme for key personnel. The plan includes three earning periods, which are the calendar years 2011, 2012 and 2013. Furthermore, the plan includes one three-year earning period, 2011-2013. Payment of a bonus is contingent on achieving the financial targets set.

Any shares received on the basis of the share-based incentive plan must be held for a lock up period of at least three years after the end of the earning period. However, members of the Corporate Executive Board must hold shares also after the lock-up period such that the total value of his or her shareholding corresponds to the value of his or her gross annual salary. Such number of shares must be held for as long as his or her employment or service in a group company continues.

Rautaruukki has had share ownership plans for management and key employees as long-term performance incentive plans since 2000.

For further information, please contact:
Eija Hakakari, SVP, Human Resources, tel. +358 20 592 9267

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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

Rautaruukki Corporation Interim report Q1/2012: Order intake and cash flow continued to be good during the first quarter - the priority for 2012 is to improve profitability

Tue, 24 Apr 2012 08:00:00 +0300

Rautaruukki Corporation Interim report 24 April 2012 at 9am EEST

January-March 2012 (Q1/2011)
- Net cash flow from operating activities was EUR 54 million (6).
- Order intake was up 2 per cent at EUR 686 million (674).
- Comparable net sales were up 4 per cent at EUR 699 million (675).
- Comparable operating profit was -EUR 15 million (25).
- Comparable result before taxes was -EUR 26 million (14).

Guidance for 2012 unchanged
Net sales in 2012 are estimated to grow about 5 per cent. Comparable operating profit is estimated to improve compared to 2011.

KEY FIGURES
	Q1/2012	Q1/2011	2011
Comparable figures
Comparable net sales, EUR m	699	675	2 797
Comparable operating profit, EUR m	-15	25	56
Comparable operating profit as % of net sales	-2.2	3.7	2.0
Comparable result before income tax, EUR m	-25	14	22

Reported figures
Reported net sales, EUR m	702	675	2 798
Reported operating profit, EUR m	-16	25	22
Reported result before income tax, EUR m	-26	14	-12

Net cash from operating activities, EUR m	54	6	114
Net cash before financing activities, EUR m	32	-29	-57
Earnings per share, EUR	-0.14	0.06	-0.07
Return on capital employed (rolling 12 months), %	-0.6	2.7	1.3
Return on capital employed (annualised), %	-2.7	5.0	1.3
Gearing ratio, %	68.0	50.3	60.4
Equity ratio, %	46.2	49.3	48.5
Personnel on average	11 350	11 436	11 821

President & CEO Sakari Tamminen:

The first quarter of 2012 began on a positive note, but uncertainty returned towards the end of the report period when growth forecasts for China were revised downwards and, in the eurozone, confidence in Spain and Italy's economic growth weakened again. The good note during the first weeks saw a return to a slower growth track towards the end of the quarter. However, the construction season has got off to a good start in Ruukki and with higher average selling prices in our steel business towards the end of the report period, I believe that we are well placed for the rest of the year.

Strong cash flow, both year on year and quarter on quarter, was a positive aspect at Ruukki during the first quarter. After capital expenditure, cash flow was EUR 32 million in the black. Order intake was also up slightly compared to a year earlier. Compared to the previous quarter, order intake was up 5 per cent, which was attributable to the steel business in particular picking up. Our net sales showed year-on-year growth of 4 per cent.

Our profitability was not at a satisfactory level. Operating profit rose quarter on quarter, but weakened clearly compared to a year earlier, when our steel business posted a good result. Average prices in the steel business declined further at the start of the year, although began to rise towards the end of the quarter. Also order intake prices rose steadily during the quarter. The construction business improved year on year, but due to normal seasonality still made a loss. Our engineering business improved slightly, but still showed a loss.

We are now focusing on permanently improving the cost structure and level across all our businesses, and on improving cost flexibility through efficiency projects.

A project initiated in the steel business in February is aimed at a permanent improvement of EUR 50 million in earnings performance. To date, around EUR 35 million in points for efficiency improvement have been identified in sales and marketing, financial and HR administration, other support functions as well as production, the use of raw materials and supplies, and in maintenance and other services purchased. Of those points identified, actions having an impact of around EUR 9 million are already ongoing and include, for example, improving the efficiency of product transportation in Finland and the use of raw materials in iron-making. To achieve the full target, the project will continue by reviewing points for improvement already identified and by improving, among other things, the performance of prefabrication and distribution operations. Decisions about all actions to be initiated will be made by mid-May and we expect to achieve the targeted improvement in earnings performance as a result.

We are also initiating a similar project in the construction business, where improvement in operating profit has been too slow compared to volume growth. The project aims to achieve a permanent improvement of EUR 20 million in earnings performance. This will be achieved by, for example, optimising the supply chain and material flows, as well as by improving the efficiency of sales and marketing and support operations. Some of the actions, such as withdrawal from unprofitable markets in Central Eastern Europe and defining the business model in the project business, are already under way.

We have now increased our permanent improvement in earnings performance target from EUR 50 million to a total of EUR 70 million. It is estimated that improved operational efficiency will be visible in the form of improved earnings performance starting 2012, but mainly during the first quarter of 2013 and in full from the third quarter onwards.

On top of this, we have decided to discontinue manufacturing cabins and components in Shanghai by the end of the third quarter. In future, our engineering business will focus on developing its European operations in Finland, Poland, Slovakia and Hungary. Ending cabin and component manufacturing at the Shanghai unit will not significantly affect Ruukki Engineering's net sales, but will improve profitability. The Shanghai unit posted a loss of EUR 7 million for 2011.

The presence of our steel business in China will be strengthened and a new steel service centre will be set up in Shanghai using the machine capacity and premises vacated by the engineering business. This is to speed up implementation of our special steel strategy by strengthening sales of Ruukki Raex wear-resistant steels and Ruukki Optim high-strength steels in China.

We expect demand for construction products to grow. Strongest growth is expected in residential construction products, and in both the Russian and Polish markets. In the engineering industry, we anticipate demand from mining industry machinery and equipment manufacturers and demand from heavy cargo handling and other materials handling equipment manufacturers to be at a good level. Order intake, average prices and utilisation rates in the steel industry rose in Europe during the first quarter due to improved market conditions at the end of last year. We forecast that sales by our service centres will continue to be at a good level and that direct mill deliveries will pick up somewhat. Stock levels in the steel industry are at a normal level compared to sales and we expect a moderate rise in average selling prices of steel products.

We repeat our guidance for 2012. Net sales are estimated to grow about 5 per cent. Comparable operating profit is estimated to improve compared to 2011.

Rautaruukki Corporation's full interim report for January-March 2012 is attached to this release.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Markku Honkasalo, CFO, tel. +358 20 592 8840

Rautaruukki will host two news conferences on Tuesday 24 April at Restaurant Palace, Merisali Cabinet, Eteläranta 10, 00130 Helsinki

A presentation for analysts in English will be held starting at 10.30am EEST.

A live webcast of the presentation may be followed online on the company's website at www.ruukki.com/Investors. The event can also be followed through a conference call by dialling the number below 5-10 minutes before the scheduled time:
+44 20 7162 0025 (calls outside Finland)
09 2313 9201 (calls inside Finland)
Access code: 914137

A replay of the webcast can be viewed on the company's website from approximately 2pm EEST. A replay of the conference call will be available until 1 May 2012 at:
+44 20 7031 4064 (calls outside Finland)
09 2314 4681 (calls inside Finland)
Access code: 914137

A press conference for the media in Finnish will be held at 12 noon EEST.

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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

Rautaruukki Corporation Interim report Q1/2012

Ruukki to deliver steel frame and envelope structures for Jelgava CHP plant in Latvia

Wed, 18 Apr 2012 09:00:00 +0300

Rautaruukki Corporation Press release 18 April 2012 at 10am EEST

Ruukki has signed a contract worth around EUR 2 million for the delivery of the steel frame and envelope structures for a combined heat and power (CHP) plant to be built in Jelgava, Latvia. Ruukki is responsible for the manufacture and installation of the frame structures and for the design, manufacture and installation of the envelope structures. Ruukki's customer is Metso Corporation, which is delivering the CHP plant to Fortum Jelgava SIA.

When completed in 2013, the plant will generate heat for the Jelgava district heat system and electricity for the Latvian grid. The CHP plant has been designed by Metso and will be fired by biofuel, partly by peat and some recycled wood, and will replace the natural gas used at the existing plant.

Fortum has invested in renewable energy production with a high power-to-heat ratio in its new CHP plants. The Jelgava plant will be the first biofuel-fired plant on this scale in Latvia and will have an annual production of some 230 GWh of heat and around 110 GWh of electricity.

"Ruukki has focused strongly on developing competitive frame and envelope structure solutions. In recent years, we have had numerous successful major power plant projects in a number of market areas including the Nordic countries, Poland and the Baltic states. Energy production is an important customer segment for us and will become an increasingly more important focus area in the future," says Sami Eronen, SVP, Building Projects, at Ruukki Construction.

European Union member states are required to provide 20 per cent of total energy consumption from renewable energy sources by 2020. Thanks largely to hydropower, Latvia's share of renewable energy already ranks among the highest in the EU. Latvia's national target is to increase the share of renewable energy sources to 42 per cent by 2020.

Ruukki will begin manufacturing the structures this spring and installation work is scheduled for completion in early 2013. The structures will be manufactured by Ruukki's plants in Finland, Poland and Lithuania

For further information, please contact:
Sami Eronen, SVP Building Projects, Ruukki Construction, tel. +358 40 557 8839

www.ruukki.com

Ruukki to deliver frame and energy-efficient Ruukki life envelope structures for the K-rauta Skanssi store in Turku

Tue, 17 Apr 2012 09:00:00 +0300

Rautaruukki Corporation Press release 17 April 2012 at 10am EEST

Rautaruukki has signed a contract with Kesko to design, manufacture and install the steel frame and envelope structures for the new K-rauta Skanssi store under construction in Turku, Finland. The project will also feature the recently-launched Ruukki life panel, which considerably reduces the use of non-renewable raw materials. The contract is worth around EUR 4 million.

Ruukki and Rautakesko have worked together to develop a highly standardised store frame and envelope structure concept that highlights energy efficiency throughout the useful life of a store. Structural air tightness guaranteed by Ruukki plays a key role in delivering significant savings in energy costs during the lifecycle of a building. The energy efficiency of the Skanssi store will be clearly higher than the current requirement level. The new Ruukki life panel, which is the most ecological steel sandwich panel on the market, will be used in the project.

Construction work on the new K-rauta Skanssi store in the east of Turku will start this spring and the new store will open in spring 2013.

"We have already successfully worked with Kesko to design and implement frame and envelope structures for a number of K-rauta building and home improvement stores. Long-term cooperation has resulted in significant benefits to improve the lifetime energy efficiency of a building. We are also responsible for the fire design of the structures to ensure the fire safety of the building during use," says Sami Eronen, SVP, Building Projects at Ruukki.

"Energy efficiency is one of the basic principles in real estate management at Kesko. We are committed to achieving significant energy saving targets by the end of 2016. Ruukki is helping us to achieve these targets," says Store Site Director Ari Pärssinen from Rautakesko.

22 March 2012:
The most ecological panel on the market from Ruukki - fully recyclable and reusable

For further information, please contact:
Sami Eronen, SVP Building Projects, Ruukki Construction, tel. +358 20 592 5173

Rautakesko is the leading retailer of building, renovation and home improvement supplies and services, operating in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus.

Rautaruukki to publish interim report January-March 2012 on Tuesday 24 April at approximately 9.00 EEST

Mon, 16 Apr 2012 09:00:00 +0300

Rautaruukki Corporation Stock exchange release 16 April 2012 at 10am EEST

Rautaruukki Corporation will publish its interim report for January-March 2012 on Tuesday 24 April 2012 at approximately 9.00 EEST. After publication the interim report will also be available on the company's website at www.ruukki.com.

Presentations for analysts and the media
Rautaruukki will host two news conferences on Tuesday 24 April at Restaurant Palace, Merisali Cabinet, Eteläranta 10, 00130 Helsinki.

A presentation for analysts in English will be held at 10.30am EEST.
A live webcast of the presentation by the company's President & CEO Sakari Tamminen may be followed online on the company website at www.ruukki.com/investors starting at 10.30am EEST. This event can also be attended through a conference call by dialling the number below 5-10 minutes before the scheduled time:
+44 20 7162 0025 (calls outside Finland)
+358 9 2313 9201 (calls inside Finland)
Access code: 914137

A replay of the webcast can be viewed on the company website from approximately 2pm EEST. A replay of the conference call will be available until 1 May 2012 at:
+44 20 7031 4064 (calls outside Finland)
09 2314 4681 (calls inside Finland)
Access code: 914137

A press conference for the media in Finnish will be held at 12 noon EEST.

Further information is available from:
Ms Tanja Mäkinen, Assistant, Investor Relations
Tel. +358 (0)20 592 9170

Requests for interviews:
Mr Atte Kaksonen, Communications Manager, External Communications
Tel. +358 (0)20 593 8596

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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

Ruukki Optim 550 W steel grade is weather resistant without coating

Thu, 12 Apr 2012 14:00:00 +0300

Rautaruukki Corporation Press release 12 April 2012 at 15 pm EET

Ruukki is responding to the needs of its customers with the launch of Ruukki Optim 550 W structural steel, which combines the properties of weather-resistant steels and high-strength structural steels.

A structure made of weather-resistant steel develops a patinated surface. This means it needs no surface treatment and can withstand corrosion attack by the elements much better than conventional structural steels.

In addition to its weather-resistance, the high strength of the steel can be utilised by machinery and equipment builders to lighten the tare weight of mobile machines and thus increase their payloads. This in turn reduces overall fuel consumption.

If colour coating is desired, it adheres to weather-resistant steels better than to conventional structural steels.

"These steels are ideal for use in various rolling stock applications, as well as in the lattice structures of power line pylons and in agricultural trailers, for example," says Thomas Hörnfeldt, Senior Vice President at Ruukki.

Ruukki Optim is used in body structures in trams

Ruukki Optim 550 W steel grade is used, among other things, in the body structures of the new trams currently being made by Transtech for use in Helsinki, Finland. The use of high-strength steels helps to lighten tram weight because the steel used can be thinner and still retain the properties required. A lighter tram structure means less energy is required to operate it.

The first two new trams will be operating on tramlines in Helsinki in 2013 and serial production of the trams will begin in 2014.

"The development of Transtech's low-floor tram was based on safety and best overall value for money. This means high reliability and availability as well as low operating and maintenance costs, which the use of weather-resistant steel promotes," says Pasi Rytkönen, Material and Logistics Manager at Transtech.

Ruukki Optim 550 W complements Ruukki's range of weather-resistant steels. Ruukki Optim 960 W strength category steel grade, which was launched earlier, has been very well received on the market.

High-strength Ruukki Optim steels are made using a unique direct quenching process developed by Ruukki. In addition to Optim steels, Ruukki also manufactures hard Ruukki Raex wear-resistant steels.

For more information, please contact: Thomas Hörnfeldt, Senior Vice President, Ruukki Metals, +46 10 78 78414, thomas.hornfeldt@ruukki.com

Ruukki Optim 550 W steel grade is used, among other things, in the body structures of the new trams currently being made for use in Helsinki, Finland. The use of high-strength steels helps to lighten tram weight.

Ruukki Optim 550 W

Fire at steel plant at Ruukki's Raahe Works on Thursday morning

Thu, 12 Apr 2012 07:20:00 +0300

Release 12 April 2012
Ruukki's Raahe Works

A fire broke out at about 5am local time on Thursday 12 April in the ladle furnace area at the steel plant at the Raahe Works. The incident was caused by a breakout in the slag pot. Molten slag spilling from the hole ignited a fire which was fairly soon brought under control. The cause of the breakout is not yet known.

There were no injuries. The incident damaged the conveyor area of the ladle furnace.

For further information, please contact:
Olavi Huhtala, Executive Vice President, Ruukki Metals Oy, tel. +358 20 59 29157

Ruukki launches idea contest to design noise barriers

Tue, 10 Apr 2012 08:53:00 +0300

Rautaruukki Corporation Press release 10 April 2012 at 4pm EEST

Ruukki is holding a design and idea contest for noise barriers, which reduce noise pollution from traffic. The contest is open to architects, designers, construction professionals and students. Besides appearance factors, the purpose of the contest is to collect development ideas for the manufacture, installation, barrier construction and technical performance of noise barriers. The contest will be held in Finland, Sweden, Norway, Estonia, Latvia and Lithuania and will start on 10 April and close on 31 May 2012.

"Noise barriers have an important role in the built environment. They improve the habitability of residential areas near roads and railways. Steel is both sustainable and formable. It is also a strong, light material that provides best overall value for money and which can be easily formed into different lasting solutions to harmonise with the environment," notes Petri Nieminen, who is Senior Vice President, Infrastructure Construction at Ruukki.

There are two categories in the noise barrier contest: students and professionals. The main prize is EUR 3,000 in the students category and EUR 7,000 in the professionals category. The main prizes in both categories can be shared by more than one entry.

Entries to the contest must be for designs that use steel as the main material and which are suitable for conditions in the Nordic countries and Baltic states. Entries must be new ideas and not already in use. Entries may also be for partial ideas related to the manufacturing process, installation, barrier construction and technical performance. The winner will be selected by a five-member jury at the end of May beginning of June. Ruukki will utilise viable ideas in product development.

Contest rules and entry instructions can be found at www.ruukki.com/idea

Media contact: Tapani Tuominen, Communications Manager, +358 50 314 3131, tapani.m.tuominen@ruukki.com

Correction to the release: New roofing product from Ruukki: Finnera Plus goes on sale in June

Thu, 29 Mar 2012 12:30:00 +0300

Rautaruukki Corporation Press release 29 March 2012 at 1.30 pm EEST

Correction to the release: The warranty for Finnera products' aesthetic performance is 15 years and not 20 years as stated in the release dated 28 March 2012.

Ruukki's roof selection will expand in June with the sales launch of Finnera Plus, a full length tile-patterned roofing sheet that can be ordered either as roof package or ready installed in Finland. The same Finnera profile is also available in modular form straight from stock.

"Do-it-yourself builders choose modular Finnera, which is convenient to transport and fast to install. People who value the easy way opt for a full-service roofing package by choosing Finnera Plus and Ruukki's installation service", says Ari Vouti, Senior Vice President, Residential Roofing at Ruukki.

Finnera's product development has focused especially on design; its impressive tile pattern and unique front edge folding gives the product an elegant look. Finnera's durability is guaranteed with Ruukki's Purex-coating that protects the products against humidity, corrosion and UV radiation. Finnera steel roofs are manufactured from Ruukki's own Finnish steel and are provided with an extensive warranty: 15 years for aesthetics and 40 years for technical performance.

Finnera Plus also adds to the range of roof colours. In addition to the existing dark brown, black and red, both Finnera and Finnera Plus will be available in dark grey and tile red in the future.

Finnera Plus on show at Oma Koti Trade Fair

Ruukki's Finnera Plus steel roof is being premièred at the Oma Koti Trade Fair in Helsinki from 29 March to 1 April. The public can find out about Ruukki's products and services at fair stand 1d26. Deliveries of Finnera Plus will begin on 15 June 2012.

Read more about Finnera products at www.ruukkiroofs.com

The market area for Ruukki's steel roofing products is the Nordic countries, Baltics, CEE and Russia. Ruukki is the market leader in roofs for single-family and terraced houses as well as holiday homes in Finland (RTS research).

More information from: Ari Vouti, Senior Vice President, Residential Roofing, tel. +358 20 592 9009

Press contact: Virpi Koskimies, PR Specialist, tel. +358 20 592 8986

www.ruukki.com

Picture: Finnera colours

New roofing product from Ruukki: Finnera Plus goes on sale in June

Wed, 28 Mar 2012 10:30:00 +0300

Rautaruukki Corporation Press release 28 March 2012 at 11.30 am EEST

Finnera Plus also adds to the range of roof colours. In addition to the existing dark brown, black and red, both Finnera and Finnera Plus will be available in dark grey and tile red in the future.

Finnera Plus on show at Oma Koti Trade Fair

More information from: Ari Vouti, Senior Vice President, Residential Roofing, tel. +358 20 592 9009

Press contact: Virpi Koskimies, PR Specialist, tel. +358 20 592 8986

www.ruukki.com

Image: Finnera colours

Ruukki is a partner of Vitoria-Gasteiz, European Green Capital in 2012

Wed, 28 Mar 2012 09:00:00 +0300

Rautaruukki Corporation Press release 28 March 2012 at 10.00am EEST

Ruukki has signed a partnership agreement with European Green Capital Vitoria-Gasteiz, which is an exemplary city in many ways and has over 30 years of commitment to sustainability behind it. The city has numerous examples of best urban planning practices, energy efficiency in public buildings and a very ambitious water conservation scheme.

Vitoria-Gasteiz was awarded the title of European Green Capital in 2012. Dating back to 1181, Vitoria-Gasteiz has a population of around 240,000 and is the second largest city after Bilbao in the Basque Country.

The city's most important project, a green zone, has also attracted international attention. The European Green Capital award is made every year to a city, but not necessarily to a capital city, that is showing the way in how to achieve high environmental standards in urban living and which can act as a role model to inspire other cities. Stockholm was the first city to be awarded the title in 2010, followed by Hamburg in 2011. (www.europeangreencapital.eu)

Energy-efficiency is a common feature of Ruukki's products. The aim is to further strengthen the profile of the steel business through special steels that enable energy-efficiency. This type of cooperation is in line with Ruukki's renewed brand launched recently. The renewed brand also highlights energy efficiency and it's only natural that our partners, too, are aligned with matters that we consider important," says Pedro Rodríguez, Country Manager, Ruukki Spain S.L.

Ruukki wants to help support the ambitions of Vitoria-Gasteiz and is an official partner in the project. Ruukki's Spanish office is in Vitoria-Gasteiz.

For more information, please contact:
Pedro Rodríguez, Country Manager, Ruukki Spain S.L., tel. +34 945 231160

The most ecological panel on the market from Ruukki - fully recyclable and reusable

Thu, 22 Mar 2012 10:15:00 +0200

Rautaruukki Corporation Press release 22 March 2012 at 11am EET

Ruukki is to launch its new Ruukki life panel on the construction market. The panel considerably reduces the use of non-renewable raw materials. Around 80 per cent of the raw materials in the mineral wool core of steel sandwich panels is recycled.

The lifecycle costs of the new life panel are low, because the panel can be reused in other buildings. Neither does it result in extra costs in waste processing, since the material can be fully recycled.

Ruukki life panel reduces the use of non-renewable raw materials. For instance, 80 per cent of the raw materials in the mineral wool core is recycled. The panel can be reused in other buildings or the material can be fully recycled at the end of its life cycle.

Load picture

Life panel is a prefabricated sandwich panel consisting of an insulation layer between two colour-coated steel sheets. The panels are used in exterior walls in their main applications: industrial, commercial and logistics buildings.

"The new life panel is yet another example of how Ruukki is developing energy-efficient solutions for building. The life panel saves non-renewable raw materials and its energy panel version achieves considerable savings in the energy consumption of buildings," says, Toni Hemminki, SVP, Technology, Energy and Environment at Ruukki.

Life panels deliver a better U value or thermal insulation capacity that traditional mineral wool panels. This benefits users in the form of energy savings.

The steel sheets used in the exterior and interior surfaces, as well as the mineral wool used as the insulating material, are 100% recyclable as, for example, raw material in Ruukki's production. Use of life panels in a building improves a building's rating under LEED and BREAM environmental assessment methods.

"It has traditionally been hard to find sustainable building components, the Ruukki life panel provides an ecological building option at a competitive price, while maintaining good quality," says Pasi Turpeenniemi, Product Group Manager.

"The Ruukki life panel is the result of co-development of which we can be proud. The product represents just the kind of sustainability values and quality that Isover subscribes to," says Olli Nikula, Isover's Business Director at Saint-Gobain Rakennustuotteet Oy.

Life panels are made in compliance with European and Ruukki's quality criteria at Ruukki's sandwich panel plant in Aläjärvi, Finland. The main market area for the panel is Finland, Norway, Sweden and the rest of northern Europe.

In Sweden, the highest BVB (Building Material Assessment) class, or status as recommended building product, is being applied for. Likewise, the product meets and exceeds the accepted product criteria under the Swedish system.

In spring 2011, Ruukki launched an energy panel, which makes the external wall of a building very airtight. Airtightness delivers savings in a building's heating and cooling costs and reduces carbon dioxide emissions. Ruukki guarantees the airtightness level of the wall structure. The Ruukki life panel now launched is also available in an energy panel version.

Ruukki's new sandwich panels are:

Ruukki life panel

Ruukki life energy panel

More information from: Jouni Metsämäki, SVP, Building Components, tel. +358 40 544 6775, jouni.metsamaki@ruukki.com

Media contact: Tapani Tuominen, Communications Manager, tel. +358 50 314 3131, tapani.m.tuominen@ruukki.com

www.ruukki.com

Ruukki has renewed its brand with energy efficiency at the heart

Wed, 21 Mar 2012 08:00:00 +0200

Rautaruukki Corporation Press release 21 March 2012 at 9.00am EET

Ruukki has renewed its brand and visual image. The new slogan "Ruukki - Living. Working. Moving." sums up the presence of Ruukki's products in areas of our everyday environment. The background is Ruukki's evolvement into an innovative company providing energy-efficient solutions for customers.

Ruukki has been working on energy efficiency for years and this is now at the heart of our new brand. "We are now already well advanced in sales of actual products, especially in the construction business. Last year saw us launch among other things Ruukki energy panels, a photovoltaic system fully integrated into a façade, as well as energy piles for building foundations. Demand for energy-saving products and solutions is growing the whole time in our market areas and we have a number of new solutions in the development pipeline. The brand has been overhauled against a background of our strong competence in energy efficiency and the future business opportunities this brings," explains Taina Kyllönen, SVP, Marketing and Communications at Ruukki.

Energy efficiency is a common feature of Ruukki's products. The aim is to further strengthen the profile of the steel business through special steels that enable energy-efficiency. "Thanks to Ruukki's special steels, our customers' products stand out from the competition; the excellent weight/strength ratio of these products means they lift higher or enable higher payloads. In this respect, we are among the leaders in our business," adds Taina Kyllönen.

Energy efficiency in Ruukki's operations is visible also in the company's own processes and production. For example, we rank among the world's most efficient in terms of coking coal consumption in iron-making. In 2011, Ruukki was assessed as being the best in its industry in two Dow Jones Sustainability indexes, which measure companies' performance across a broad spectrum of sustainability criteria.

Ruukki - Living. Working. Moving

Ruukki's logo has not essentially changed in brand renewal. The old slogan "More with metals" has, however, been consigned to the history books and replaced with "Living. Working. Moving., which tells about Ruukki's energy-efficient solutions in our everyday environment.

"Changes in the brand's visual image and advertising line are minor, but tell that Ruukki is near people and a part of their everyday environment. The brand concept executed by marketing agency McCann combines in an interesting way traditional B2B marketing and story-telling, which even touches on the personal level. You can see this, for example, in our brand videos (http://www.ruukki.com/About-Ruukki/Brand)", says Riikka Friman, Brand Director at Ruukki.

For more information, please contact: Taina Kyllönen, SVP, Marketing and Communications, tel. +358 20 592 9040

You can download Ruukki's imagery and logos from the image bank.

www.ruukki.com

Ruukki wins steel frame delivery worth around EUR 3 million in Sweden

Tue, 20 Mar 2012 09:30:00 +0200

Rautaruukki Corporation Press release 20 March 2012 at 10.30am EET

Ruukki is to deliver the steel frame for the new NOD centre to be built at Kista, to the north of Stockholm. The NOD centre will serve as a new meeting place for learning, research, business and culture. The premises will consist of around 15,000 square metres spread over 7-11 storeys and house, among others, companies, research activities, restaurants and cafés. Users will include the University of Stockholm. The contract is worth around EUR 3 million.

"Sweden is an important market area for us and one where Ruukki is already a recognised steel construction expert. Good cooperation with construction companies and designers on the Swedish market together with a constantly growing number of impressive, demanding local steel structure projects, such as the Swedbank Arena, scheduled for completion this autumn - has given us an opportunity to further strengthen our foothold in the market," says Sami Eronen SVP, Building Projects at Ruukki.

The project investor is Atrium Ljungberg and Ruukki's customer is Strängbetong. Ruukki's deliveries will start in August this year and installation is scheduled for completion in March 2013. The entire building will be completed in 2014.

For further information, please contact:
Sami Eronen, SVP Building Projects, Ruukki Construction, tel. +358 40 557 8839

www.ruukki.com

Resolutions of Rautaruukki Corporation's Annual General and Board of Directors meetings

Wed, 14 Mar 2012 15:45:00 +0200

Rautaruukki Corporation Stock exchange release 14 March 2012 at 4.45pm EET
Resolutions of the Annual General Meeting

Rautaruukki Corporation's Annual General Meeting held today approved the payment of a dividend for 2011 of EUR 0.50 per share in accordance with the Board of Directors' proposal. Pertti Korhonen, Liisa Leino, Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen were re-elected to the Board and President and CEO Kim Gran and CFO Saila Miettinen-Lähde were elected to the Board as new members. The Annual General Meeting approved the parent company's annual accounts and consolidated annual accounts and discharged the members of the Board of Directors and the President & CEO from liability for 2011.

Rautaruukki Corporation's Annual General Meeting was held today in Helsinki. A total of 520 shareholders were represented at the Annual General Meeting.

Dividend
Rautaruukki Corporation's Annual General Meeting approved the payment of a dividend for 2011 of EUR 0.50 per share in accordance with the Board of Directors' proposal. The dividend will be paid to shareholders on the company's shareholders register maintained by Euroclear Finland Ltd at the record date 19 March 2012. It was decided that the dividend will be paid on 28 March 2012.

Board of Directors
It was confirmed that the number of members of the Board of Directors is seven (7). President & CEO Pertti Korhonen, Chairman of the Board of Directors Liisa Leino, President & CEO Matti Lievonen, Hannu Ryöppönen, BA (Bus Admin) and CEO Jaana Tuominen were re-elected to the Board. President and CEO Kim Gran and CFO Saila Miettinen-Lähde were elected as new members of the Board of Directors. Kim Gran was appointed as chairman of the Board of Directors and Hannu Ryöppönen as deputy chairman.

Fees of the Board of Directors
The Annual General Meeting approved payment of the annual fee of EUR 72,000 to the chairman of the Board of Directors, EUR 44,000 to the deputy chairman and EUR 34,000 to other members of the Board, together with an attendance fee of EUR 600 for each meeting, including Board of Directors' committee meetings. 40 per cent of the annual fee is to be paid in the form of Rautaruukki Oyj shares purchased from the market. The shares will be purchased within two weeks of the publication of the company's interim report for the first quarter of 2012.

Auditor
KHT audit firm KPMG Oy Ab was re-appointed as the company's auditor. The auditor will be paid a fee against invoice approved by the company.

Authority to acquire the company's own shares
In accordance with the Board of Directors' proposal, the Annual General Meeting granted the Board of Directors the authority to acquire a maximum of 12,000,000 of the company's own shares. The authority is valid until the following Annual General Meeting.

Establishment of a Nomination Board
The Annual General Meeting decided to establish a Nomination Board to prepare proposals for the following Annual General Meeting regarding the composition of the Board of Directors and directors' fees.

The minutes of the Annual General Meeting will be available for the inspection of shareholders at the company's head office and may also be viewed on the company's website at www.ruukki.com by 28 March 2012. The proposals made to the Annual General Meeting may be viewed in their entirety on the company's website.

Resolutions of the organisation meeting of Rautaruukki Corporation's Board of Directors

Audit Committee
The Board of Directors appointed Hannu Ryöppönen as chairman and Saila Miettinen-Lähde and Jaana Tuominen as members of the Audit Committee.

Remuneration and HR Committee
The Board of Directors appointed Kim Gran as chairman and Pertti Korhonen, Liisa Leino and Matti Lievonen as members of the Remuneration and HR Committee.

All members of the Board of Directors are independent of the company and of the company's major shareholders.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Olli Huuskonen, Secretary to the Board of Directors, tel. +358 20 592 9300

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing and Communications

DISTRIBUTION:
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www.ruukki.com

New ruukkiroofs.com website makes choosing a roof easier than ever

Fri, 09 Mar 2012 13:00:00 +0200

Rautaruukki Corporation Press release 9 March 2012 at 14 EET

Ruukki has launched a new, fresh online service for consumers at www.ruukkiroofs.com. The site aims to help new house builders and renovators to choose a roof and to offer them the tools to carefully plan their roof project.

Many consumers look primarily online for roofing ideas and inspiration. Their choice depends on many factors ranging from the budget to the design of the house and individual taste. Ruukki's new website takes into account various consumer drivers such as design, technical details and services. Ruukkiroofs.com service has been developed in response to consumer needs, with special attention having been paid to site layout and usability, functional navigation as well as user friendly tools.

At its best, a roofing project can be completely worry-free. The project can be made easier for new house builders and renovators if they first look at the progress of a roofing project on Ruukki's online service. The site also provides plenty of useful information about dealers, services and answers to frequently asked roofing questions. "The site encourages consumers to discuss and ask questions and so guarantees the best and newest information about steel roofing," says Raisa Kotanen, Marketing Director, Residential Roofing at Ruukki. Consumers' roofing questions are being answered by Ruukki's own expert, Roof Doctor at the website.

During March, the new website will be published in Czech, Dutch, Estonian, Latvian, Lithuanian, Norwegian, Polish, Rumanian, Russian, Slovak, Swedish and Ukrainian to serve consumers locally in Ruukki's main markets. Development of the site will continue by the introduction of more tools to further facilitate the consumers' roof buying process.

Ruukki's previous roofing website served millions of consumers over the past three years. The new website will serve customers even better and enable extensive online campaigns and consumer competitions to be held.

Visit Ruukki's online service at www.ruukkiroofs.com

Ruukki is the market leader in roofs for single-family houses in Finland. The market area for the company's steel roofing products is the Nordic countries, Baltics, CEE and Russia.

More information from:

Raisa Kotanen, Marketing Director, Residential Roofing +358 20 59 27909

Press contact:

Virpi Koskimies, PR Specialist +358 20 59 28986

www.ruukki.com

Picture of ruukkiroofs.com frontpage

Rautaruukki's annual report 2011 published

Mon, 20 Feb 2012 11:00:00 +0200

Rautaruukki Corporation Stock exchange release 20 February 2012 at 12 noon EET

Rautaruukki's annual report and corporate responsibility report for 2011 have been published in English and Finnish on the company's website. A condensed printed version of the annual report has also been published.

The online annual report is part of our investor website and can be found on the navigation bar, www.ruukki.com > Investors > Annual report 2011. In addition, the main sections of the annual report can be downloaded as pdf or excel documents from online annual report material bank. The corporate responsibility report for 2011 is published exclusively as an online version at www.ruukki.com > Corporate responsibility > Corporate responsibility report 2011.

Copies of the condensed printed version of the annual report may be ordered on the company's website. The report can also be ordered by email at annualreport@ruukki.com or by telephoning +358 20 592 9260 on weekdays between 8am-4pm.

Rautaruukki's Corporate Governance Statement 2011 was published on 3 February 2012.

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing & 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 some 30 countries and employs around 11,800 people. Net sales in 2011 totalled around EUR 2.8 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

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www.ruukki.com

Rautaruukki annual report 2011

Rautaruukki Corporation's Corporate Governance Statement 2011 published

Fri, 03 Feb 2012 09:00:00 +0200

Rautaruukki Corporation Stock exchange release 3 February 2012 at 10.00am EET

Rautaruukki has published its Corporate Governance Statement 2011 in Finnish and English.

The statement has been prepared in compliance with the Finnish Corporate Governance Code 2010 and with Chapter 2, Section 6 of the Securities Markets Act. The statement is published separately to the company's annual report and is attached in pdf format to this release. The statement may also be read on the company's website at www.ruukki.com/investors

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing & Communications

DISTRIBUTION:
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www.ruukki.com

Rautaruukki Corporation's Corporate Governance Statement 2011

Notice of the Annual General Meeting of Rautaruukki Corporation on 14 March 2012

Wed, 01 Feb 2012 08:30:00 +0200

Rautaruukki Corporation Stock Exchange Release 1 February 2012 at 9.30 EET

Notice is given to the shareholders of Rautaruukki Corporation that the Annual General Meeting this year will be held on Wednesday 14 March 2012 at 2pm in the Congress Wing of the Helsinki Exhibition and Convention Centre, Messuaukio 1, 00520 Helsinki, Finland. The reception of persons who have registered to attend the meeting and the distribution of voting slips will commence at 1pm. Coffee will be served after the meeting.

A. Matters on the agenda of the ANNUAL General Meeting

The Annual General Meeting will transact the following business:

1. Opening of the Meeting

2. Calling the Meeting to order

3. Election of persons to scrutinise the minutes and to supervise the counting of votes

4. Recording the legality of the Meeting

5. Recording the attendance at the Meeting and adoption of the list of votes

6. Presentation of the annual accounts, the report of the Board of Directors and the Auditor's report for 2011

CEO's review

7. Adoption of the parent company and consolidated annual accounts

8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend

The Board of Directors proposes on the basis of the adopted balance sheet for 2011 the payment of a dividend of EUR 0.50 per share. The dividend will be paid to shareholders entered as shareholder, at the dividend payment record date 19 March 2012, in the company's shareholder register maintained by Euroclear Finland Ltd. The Board of Directors proposes that the dividend be paid on 28 March 2012.

9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability

10. Resolution on the remuneration of the members of the Board of Directors

The Nomination Board proposes that the Chairman of the Board of Directors receives an annual fee of EUR 72,000, the Deputy Chairman EUR 44,000 and members EUR 34,000 together with an attendance fee of EUR 600 including Board of Directors' committee meetings. The Nomination Board proposes that 40 per cent of the annual fee be paid in the form of Rautaruukki Oyj shares purchased from the market. The shares will be purchased within two weeks of the publication of the company's interim report for the first quarter of 2012. The Nomination Board considers that increasing the long-term shareholding of Board members will benefit all shareholders.

11. Resolution on the number of members of the Board of Directors

The Nomination Board proposes that the number of members of the Board of Directors remains unchanged at seven.

12. Election of members of the Board of Directors

The Nomination Board proposes that the current members of the Board of Directors Pertti Korhonen, Liisa Leino, Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen be re-elected for a further term of office lasting one year from the 2012 Annual General Meeting until the close of the 2013 Annual General Meeting. The Nomination Board proposes the election of President and CEO Kim Gran and CFO Saila Miettinen-Lähde as new members of the Board of Directors. Furthermore, the Nomination Board proposes that Kim Gran be elected as Chairman of the Board of Directors and that Hannu Ryöppönen be re-elected as Deputy Chairman.

13. Resolution on the remuneration of the auditor

The Board of Directors proposes that the auditor be paid a remuneration based on invoice approved by the company.

14. Election of auditor

Based on the recommendation of the Audit Committee, the Board of Directors proposes that the audit firm KPMG Oy Ab be re-elected as the company's auditor.

15. Authorising the Board of Directors to decide on the acquisition of the company's own shares

The Board of Directors proposes that the Annual General Meeting grants the Board the authority to acquire a maximum of 12,000,000 of the company's own shares, using the company's unrestricted equity, at fair value at the date of acquisition, which shall be the prevailing market price in public trading on NASDAQ OMX Helsinki Ltd. The shares can be acquired in a proportion not pro rata to shareholders' holdings (targeted acquisition). The proposed authority supersedes the authority to acquire 12,000,000 shares granted by the Annual General Meeting of 23 March 2011 and which now expires. It is proposed that the authority be valid until the following Annual General Meeting.

16. Proposal by Solidium Oy to establish a Nomination Board at the Annual General Meeting

Solidium Oy proposes that a Nomination Board be established to prepare proposals for the following Annual General Meeting regarding the composition of the Board of Directors and directors' fees. The Nomination Board is to comprise of three largest shareholders or a representative from each of the three largest shareholders and the Chairman of the Board of Directors, who is elected to the Nomination Board as an expert member. The right to elect members to the Nomination Board to represent shareholders is vested in the three shareholders who are registered on 1 October 2012 on the company's shareholder register maintained by Euroclear Finland Ltd and who according to this register have the largest share of the votes conveyed by all the company's shares. The Chairman of the Board of Directors convenes the Nomination Board, which elects a chairman from among its members. The Nomination Board will present its proposal to the company's Board of Directors by no later than 1 February preceding the Annual General Meeting.

17. Closing of the Meeting

B. DocumentS of the General Meeting

The proposals for the decisions on the matters on the agenda of the General Meeting as well as this Notice are available on Rautaruukki Corporation's website at www.ruukki.com. The annual accounts, the report of the Board of Directors and the auditor's report of Rautaruukki Corporation, are available on the above-mentioned website no later than 22 February 2012. The proposals for decisions and the other above-mentioned documents are also available at the meeting. Copies of these documents and of this notice will be sent to shareholders upon request. The minutes of the meeting will be available on the above-mentioned website as of 28 March 2012.

C. Instructions for THE pARTICIPANTS IN the General Meeting

1. Shareholders registered in the shareholders' register

Each shareholder who is registered on Friday 2 March 2012 in the shareholders' register of the company held by Euroclear Finland Ltd has the right to participate in the Annual General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders' register of the company.

A shareholder, who is registered in the shareholders' register of the company and who wishes to participate in the Annual General Meeting, must register his/her intent to do so by no later than 4pm (EET) on Friday 9 March 2012. Such notice can be given:

on the company's website www.ruukki.com/AGM-2012;
by email yhtiokokous@ruukki.com;
by telephone +358 10 804 430 between 8am and 6pm (EET), Monday to Friday;
by telefax +358 20 592 9104; or
by regular mail to Rautaruukki Corporation, Annual General Meeting, PO Box 138, FI-00811 Helsinki.

In connection with the registration, a shareholder must notify his/her name, personal identification number, telephone number and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal data given to Rautaruukki Corporation is only used in connection with the Annual General Meeting and with the processing of related registrations.

2. Holders of nominee registered shares

A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which he/she on the record date of the Annual General Meeting, i.e. on Friday 2 March 2012, would be entitled to be registered in the shareholders' register of the company held by Euroclear Finland Ltd. The right to participate in the Annual General Meeting requires, in addition, that the shareholder on the basis of such shares has been registered in the temporary shareholders' register held by Euroclear Finland Ltd, at the latest by 10am (EET) on 9 March 2012. As regards nominee registered shares this constitutes due registration for the Annual General Meeting.

A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration in the temporary shareholders' register of the company, the issuing of proxy documents and registration for the Annual General Meeting from his/her custodian bank. The account management organization of the custodian bank will register a holder of nominee registered shares, who wants to participate in the Annual General Meeting, into the temporary shareholders' register of the company at the latest by the time stated above.

Further information on these matters can also be found on the company's website www.ruukki.com/AGM-2012.

3. Proxy representative and powers of attorney

A shareholder may participate in the Annual General Meeting and exercise his/her rights at the Meeting by way of proxy representation.

A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Annual General Meeting. When a shareholder participates in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting.

Proxy documents should be delivered in originals to Rautaruukki Corporation, Annual General Meeting, PO Box 138, FI-00811 Helsinki before the last date of registration.

4. Other instructions and information

Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the Meeting.

On the date of this Notice to the Annual General Meeting, 31 January 2012, the total number of shares in Rautaruukki Corporation and votes represented by such shares is 140,285,425 shares.

Finnish and English versions of Rautaruukki Corporation's Annual Accounts 2011 will be published on the company's website by no later than 22 February 2012. Printed copies of the accounts may be ordered by calling +358 20 592 9260 on weekdays between 8am and 4pm (EET), by email at annualreport@ruukki.com or online at www.ruukki.com.

Helsinki, 31 January 2012

RAUTARUUKKI CORPORATION

Board of Directors

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

DISTRIBUTION:
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www.ruukki.com

Ruukki to initiate a project to improve steel business competitiveness - target is profitable business also at a utilisation rate of 80 per cent

Wed, 01 Feb 2012 08:10:00 +0200

Rautaruukki Corporation Stock exchange release 1 February 2012 at 9.10am EET

Ruukki Metals is to initiate a project aimed at operations across the division to achieve a permanent annual improvement of around EUR 50 million in earnings performance and also profitable business when production is running at 80 per cent, which is low for the steel industry.

Steel demand in Ruukki Metals' main market area in Europe is forecast to grow moderately during the next few years, but to remain at a lower level than during the previous peak demand in 2007. However, growth in steel production in China has resulted in clearly higher prices of the raw materials used in steel-making than 2007 price levels. Demand cycles in the steel market, especially with regard to standard steel products, seem to have become faster due to the change in the business environment described above. To improve its competitiveness, Ruukki Metals is looking at ways to increase cost efficiency and business flexibility to respond especially to the changed business environment in standard steel products. The markets for special steel products - high-strength, wear-resistant and coated steel products - have grown clearly better than those for standard products in recent years. This situation is not expected to change significantly in the near future.

Ruukki Metals is to initiate a project to improve competitiveness. The project aims at a permanent annual improvement of around EUR 50 million in earnings performance and at ensuring business profitability also at a production utilisation rate of 80 per cent, which is low for the steel industry. The project will kick off with an analysis, among other things, to identify the potential to reduce variable and especially fixed costs, improve the efficiency of business models, increase flexibility in the cost structure and improve the efficiency of support functions.

The analysis will be carried out and the targets set by the end of the first quarter, after which decisions on any further actions will be made. The full EUR 50 million earnings improvement being pursued is expected to be achieved during 2013. The schedule will be determined once the analysis has been completed.

For more information, please contact:
Olavi Huhtala, Executive Vice President, Ruukki Metals, tel. +358 20 592 9157

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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

Rautaruukki Corporation Financial statement bulletin 2011: Net sales grew 16 per cent and cash flow improved. Dividend proposal of EUR 0.50 per share.

Wed, 01 Feb 2012 08:00:00 +0200

Rautaruukki Corporation Financial statement bulletin 1 February 2012 at 9am EET

October-December 2011 (Q4/2010)
- Cash flow from operating activities was EUR 163 million (23)
- Order intake was up 1 per cent at EUR 651 million (647)
- Comparable net sales were up 12 per cent at EUR 718 million (641)
- Comparable operating profit was -EUR 40 million (-5), equating to -5.6 per cent of net sales
- Comparable result before taxes was -EUR 50 million (-12), equating to -7.0 per cent of net sales

January-December 2011 (2010)
- Cash flow from operating activities was EUR 114 million (-64)
- Order intake was up 15 per cent at EUR 2,675 million (2,326)
- Comparable net sales were up 16 per cent at EUR 2,797 million (2,403)
- Comparable operating profit was EUR 56 million (38), equating to 2 per cent of net sales
- Comparable result before taxes was EUR 22 million (8), equating to 0.8 per cent of net sales

Dividend proposal
The Board of Directors proposes payment of a dividend of EUR 0.50 per share (0.60), to make a total dividend payout of EUR 69 million (83).

Estimate of the financial outlook for 2012
Net sales in 2012 are estimated to grow about 5 per cent. Comparable operating profit is estimated to improve compared to 2011.

KEY FIGURES
	Q4/11	Q4/10	2011	2010
Comparable figures
Comparable net sales, EUR m	718	641	2 797	2 403
Comparable operating profit, EUR m	-40	-5	56	38
Comparable operating profit as % of net sales	-5.6	-0.7	2.0	1.6
Comparable result before income tax, EUR m	-50	-12	22	8

Reported figures
Reported net sales, EUR m	718	641	2 798	2 415
Reported operating profit, EUR m	-47	-3	22	-12
Reported result before income tax, EUR m	-56	-11	-12	-74

Net cash from operating activities, EUR m	163	23	114	-64
Net cash before financing activities, EUR m	126	-19	-57	-226
Earnings per share, EUR	-0.30	-0.21	-0.07	-0.57
Dividend per share, EUR			0.50*	0.60
Return on capital employed, %			1.3	-0.3
Gearing ratio, %			60.4	44.7
Equity ratio, %			48.5	55.3
Personnel on average	11 493	11 384	11 821	11 693
* Board of Directors' proposal

President & CEO Sakari Tamminen:
The past year was strongly divided into two. After a good start to the year, weakened demand followed during the summer due to the difficulties facing some economies in Europe. These changes in the business environment were reflected in Ruukki's business so that after a very good second quarter, the second half of the year was difficult, especially in our steel business. The capacity utilisation rate of the entire steel industry in Europe was at a level of around 75 per cent during the second half of the year and also the operating rate of our own steel business was low at about 80 per cent. On top of this, the profitability of orders for steel products was lower than normal, especially in late summer and early autumn. Costs of raw materials for steel were higher than a year earlier, but, however, began to decrease towards the end of the year. The business environment in the construction and engineering businesses remained better than it did in steel products throughout the year, even though a return to a faster growth track was slowed down in part by market uncertainty. It seemed the uncertainty in the business environment had levelled off at the end of the year, and, for example, destocking which took place in the steel industry was reflected in the decline in prices for steel products levelling off.

Ruukki's profitability improved year on year despite a weakening of the business environment and a weak end to the year. The unprofitability of the steel business burdened the latter part of the year. Weak profitability of the steel business was due to the low utilisation rate and lower price level of orders in the wake of difficult market conditions, as well as to persistently high raw material costs. During the year, we particularly focused on improving the profitability base of our solutions businesses - construction and engineering. Indeed, there was a clear improvement totalling EUR 63 million in operating profit of the solutions businesses and the starting point for 2012 is clearly better than a year ago. However, the solutions businesses were still slightly unprofitable and profitability must clearly be further improved. In the latter part of the year, our priority was to strengthen cash flow and reduce gearing. Cash flow in the last quarter was good, especially with the successful freeing up of working capital. Gearing decreased to 60 per cent, which is in line with our long-term target level. The focus on cash flow and related destocking was partly reflected in weaker profitability in the steel business.

During the past year, we made some progress towards achieving our strategic targets: the share of net sales of the emerging markets rose as sales grew in Eastern Europe, likewise the relative shares of the solutions businesses and special steels also rose. Later in the year, growth in the share of special steels slowed down compared to the beginning of the year due, among other things, to a decline in demand from China, which turned out to be temporary.

Our order intake was up by around 15 per cent year on year. However, orders during the fourth quarter were about at the same level as a year earlier. In the construction business, new orders in residential construction showed the clearest growth in all market areas, with particularly strong growth in Finland and Poland. Orders in commercial and industrial construction increased in Russia in concept buildings and orders in Finland also showed good growth. Infrastructure construction continued at a good level. In the engineering business, order flows were good, especially in mining industry equipment manufacturing and materials handling equipment. The same demand had a positive impact also on orders in the steel business. Sales of special steel products developed well in our new market areas, especially in South Africa and Turkey.

Order flow in service centres within the steel business remained good also during the latter part of the year. Mill orders decreased during the third quarter and remained at the same level until the end of the fourth quarter. Signs of a slight improvement were seen at the very end of the year.

Even though there is still clear market uncertainty, some degree of levelling off can, however, be noticed. Our starting point for 2012 is relatively good. The conditions to improve the profitability of the solutions businesses, especially in the construction business, are clearly better than a year ago. Also, with the exception of the unit in China and one individual project, the conditions for profitability of the engineering business are good. In the steel business, market inventories are in balance. Prices of steel products have levelled off and partly slightly risen. We have kept our fixed costs the same for three years, despite strong growth in our net sales. However, we still have much to do as regards cost competitiveness and increasing the flexibility of operations. We aim to strengthen cash flow also by improving working capital efficiency. Capital expenditure in 2012 will be in the region of around EUR 100 million, which is clearly below the figure for last year and consolidated annual depreciation.

Net sales in 2012 are estimated to grow about 5 per cent. Comparable operating profit is estimated to improve compared to 2011.

Rautaruukki Corporation's full financial statement bulletin for 2011 is attached to this bulletin.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Markku Honkasalo, CFO, tel. +358 20 592 8840

Rautaruukki will host two news conferences on Wednesday 1 February at Event Arena Bank, Unioninkatu 22, Helsinki (Cabinet 8).
A press conference for the media in Finnish will be held at 10am EET.
A presentation for analysts in English will be held at 11am EET.

The presentation for analysts can be followed as a live webcast on the company's website at www.ruukki.com/investors. The event may also be attended through a conference call. To attend the conference call, please call the number below 5-10 minutes before the event starts:
+44 20 7162 0077 (calls outside Finland)
09 2313 9201 (calls inside Finland)
Access code: 910472

A replay of the webcast can be viewed on the company website from approximately 4pm EET. A replay of the conference call will be available until 8 February 2012 at:
+44 20 7031 4064 (calls outside Finland)
09 2314 4681 (calls inside Finland)
Access code: 910472

The Annual Report and financial statements for 2011 will be published in full during week 8.

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

DISTRIBUTION:
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Main media
www.ruukki.com

Rautaruukki Corporation Financial statement bulletin 2011

Correction: Rautaruukki to publish its Financial Statement Bulletin for 2011 on Wednesday 1 February at approximately 9am EET - time of presentation for analysts changed: new time is 11am EET

Tue, 24 Jan 2012 11:00:00 +0200

Rautaruukki Corporation Stock exchange release 24 January 2012 at 12 noon EET

Rautaruukki Corporation will publish its financial statement bulletin for 2011 on Wednesday 1 February 2012 at approximately 9am EET. After publication, the financial statement bulletin will also be available on the company's website at www.ruukki.com. The time of the presentation for analysts in English has been changed (correction to earlier Stock exchange release of 23 January 2012). The new time is 11am EET. Other information remains unchanged.

Presentations for analysts and the media
Rautaruukki will host two news conferences on Wednesday 1 February at Event Arena Bank, Unioninkatu 22, Helsinki (Wall Street cabinet 22, entrance next to the main entrance).

A press conference for media in Finnish will be held at 10am EET.

A presentation for analysts in English will be held at 11am EET.
A live webcast of the presentation by the company's President & CEO Sakari Tamminen may be followed online on the company website at www.ruukki.com/investors at 11am EET. This event can also be attended through a conference call. To attend the conference call, please call the number below 5-10 minutes before:
+44 20 7162 0077 (calls outside Finland)
09 2313 9201 (calls inside Finland)
Access code: 910472

A replay of the webcast can be viewed on the company website from approximately 4pm EET. A replay of the conference call will be available until 8 February 2012 at:
+44 20 7031 4064 (calls outside Finland)
09 2314 4681 (calls inside Finland)
Access code: 910472

The annual report and full financial statements for 2011 will be published during week 8.

Further information is available from:
Ms Tanja Mäkinen, Assistant, Investor Relations
Tel. +358 (0)20 592 9170

Requests for interviews:
Ms Anitta Pirnes, Communications Manager, External Communications
Tel. +358 (0)20 593 8603

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 11,700 people. Net sales in 2010 totalled 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:
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Main media
www.ruukki.com

Rautaruukki to publish its Financial Statement Bulletin for 2011 on Wednesday 1 February at approximately 9am EET

Mon, 23 Jan 2012 09:00:00 +0200

Rautaruukki Corporation Stock exchange release 23 January 2012 at 10am EET

A press conference for media in Finnish will be held at 10am - 11am EET.

A presentation for analysts in English will be held at 12 noon EET.
A live webcast of the presentation by the company's President & CEO Sakari Tamminen may be followed online on the company website at www.ruukki.com/investors at 12 noon EET. This event can also be attended through a conference call. To attend the conference call, please call the number below 5-10 minutes before:
+44 20 7162 0077 (calls outside Finland)
09 2313 9201 (calls inside Finland)
Access code: 910472

A replay of the webcast can be viewed on the company website from approximately 4pm EET. A replay of the conference call will be available until 8 February 2012 at:
+44 20 7031 4064 (calls outside Finland)
09 2314 4681 (calls inside Finland)
Access code: 910472

The annual report and full financial statements for 2011 will be published during week 8.

Further information is available from:
Ms Tanja Mäkinen, Assistant, Investor Relations
Tel. +358 (0)20 592 9170

Requests for interviews:
Ms Anitta Pirnes, Communications Manager, External Communications
Tel. +358 (0)20 593 8603

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 11,700 people. Net sales in 2010 totalled 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

Completion of Ruukki Construction's employer-employee negotiations concerning layoffs at Ylivieska

Mon, 16 Jan 2012 12:35:00 +0200

Press release 16 January 2012 at 12 noon EET

Negotiations affecting around 100 persons initiated by Ruukki Construction Oy in November last year to adjust production and costs at the Ylivieska works in Finland to weakened market conditions have now been completed.

The employer-employee negotiations have resulted in the works’ personnel being laid off according to a separate plan depending on market conditions. Ruukki is exploring the possibilities of arranging work at its other sites instead of layoffs for the persons affected.

For more information, please contact: Aki Viiliäinen, Plant Manager, Ruukki Construction Oy, Ylivieska, tel. +358 20 593 0718

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 11,700 people. Net sales in 2010 totalled EUR 2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

Completion of employer-employee negotiations to improve efficiency of Ruukki Engineering’s operations at Kurikka

Fri, 13 Jan 2012 14:03:00 +0200

Rautaruukki Corporation Press release 13 January 2012 at 14.00

Employer-employee negotiations concerning layoffs and redundancies initiated by Ruukki Engineering Oy in early December have now been completed. The negotiations were held to improve efficiency and adjust production to weakened market conditions.

The negotiations affected Ruukki Engineering Oy’s personnel, a total 434 persons, in Kurikka, Finland. The negotiations have resulted in the redundancy of 35 people, of which 30 are workers and 5 salaried or senior salaried employees. Most of the redundancies referred to above will take place through pension arrangements.

Layoffs will be implemented subject to separate plans based on the order books and layoff notices will be given in week 4 at the earliest.

For more information, please contact: Arto Aro, Unit Manager, Ruukki Engineering Oy, Kurikka, tel. +358 50 314 3544

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 11,700 people. Net sales in 2010 totalled EUR 2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

Summary of stock exchange releases of Rautaruukki in 2011

Fri, 13 Jan 2012 08:30:00 +0200

Rautaruukki Corporation Stock Exchange Release 13 January 2012 at 9.30 EET

Rautaruukki has published an annual summary of the company's stock exchange releases during 2011. The summary below and full versions of the releases can be viewed on http://www.ruukki.com/News-and-events.

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 11,700 people. Net sales in 2010 totalled 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

Summary of stock exchange releases of Rautaruukki in 2011

19 Jan 2011: Summary of stock exchange releases of Rautaruukki in 2010

25 Jan 2011: Rautaruukki to publish its Financial Statement Bulletin for 2010 on Thursday 3 February at approximately 9.00am EET

31 Jan 2011: Nomination Committee's proposal regarding the composition and fees of Rautaruukki's Board of Directors

3 Feb 2011: Rautaruukki Corporation: Profitability improved significantly, but was still unsatisfactory. Growth of 20-25 per cent in net sales and clear improvement in profitability anticipated for 2011

3 Feb 2011: Notice of the Annual General Meeting of Rautaruukki Corporation on 23 March 2011

4 Feb 2011: Rautaruukki to change its legal corporate structure in Finland to correspond to its business structure

7 Feb 2011: Rautaruukki Corporation's Corporate Governance Statement 2010 published

21 Feb 2011: Over EUR 10 million steel structure and installation contract for Ruukki for Outokumpu's ferrochrome investment in Tornio

2 Mar 2011: Publication of Rautaruukki's Annual Report 2010

23 Mar 2011: Resolutions of Rautaruukki Corporation's Annual General and Board of Directors meetings

13 Apr 2011: Rautaruukki to publish interim report Q1/2011 on Thursday 21 April at approximately 9.00 EEST

21 Apr 2011: Rautaruukki Corporation Interim Report Q1/2011: Demand improved in all business areas, growth expected to continue

27 Jun 2011: Rautaruukki's financial disclosures and Annual General Meeting 2012

11 Jul 2011: Rautaruukki to publish interim report Q2/2011 on Wednesday 20 July at approximately 9.00 EEST

12 Jul 2011: Over EUR 13 million steel structure contract for Ruukki for Kaunisvaara mine in Sweden

20 Jul 2011: Rautaruukki Corporation Interim report H1/2011: Growing demand - clear improvement in operating profit

23 Sep 2011: Over EUR 8 million steel structure contract for Rautaruukki for Stora Enso's mill in Poland

30 Sep 2011: Rautaruukki to enlarge its Corporate Executive Board

4 Oct 2011: Composition of Rautaruukki's Nomination Board

7 Oct 2011: 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

10 Oct 2011: Rautaruukki to publish interim report January-September 2011 on Wednesday 19 October at approximately 9.00 EEST

19 Oct 2011: Rautaruukki Corporation Interim report Q1-Q3/2011: Weak quarter in the steel business - improved profitability in the solutions businesses

7 Dec 2011: Ruukki's Capital Markets Day on 7 December 2011: Emerging markets as growth drivers - energy efficiency as special theme

20 Dec 2011: Nomination Board's proposal to the Annual General Meeting regarding the composition and fees of Rautaruukki's Board of Directors

Ruukki to increase its laser cutting capacity

Thu, 12 Jan 2012 10:13:00 +0200

Rautaruukki Corporation Press release 12 January 2012 at 11.00 EET

Ruukki has acquired a second bevel laser cutting line for its service centre in Seinäjoki, Finland. Deployment of the new line is in response to increased demand for prefabrication services and will improve the potential to offer customers cost-effective solutions.

The new bevel laser cutting line can process steel up to 20 mm thick and 12 metre long and can process both Ruukki's special steels and standard steels.

"The new laser will enable us to respond to the increasingly demanding quality criteria required by, for example, in parts for automatic welding. Deployment of the new line will improve our possibilities to offer customers competitive and cost-effective services. Prefabrication services that improve the efficiency of the manufacturing process are in great demand, which is why we continue to develop them further," Pekka Oja, VP, Finland and Baltics at Ruukki Metals.

The new bevel laser will be in productive use in May 2012. Because the new line is being housed in the existing production facilities in Seinäjoki and expertise in the use of a similar laser already exists, the laser will soon be fully up and running after installation.

Ruukki's service centre in Seinäjoki is the largest unit in the Nordic countries to focus on steel prefabrication services and manufactures steel parts and components for the domestic and export markets. The unit employs not only laser, but also flame, plasma and mechanical cutting. In addition, our customers are offered edging and machining services. Ruukki's steel prefabrication unit in Seinäjoki has 180 employees.

For more information, please contact: Pekka Oja, VP, Finland and Baltics, Ruukki Metals, tel. +358 40 500 2260.

Caption: Ruukki's new bevel laser cutting line will be in productive use in May 2012.

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.

Laser cutting

Major steel structure contract for Ruukki for new mail terminal in Hallsberg, Sweden

Wed, 04 Jan 2012 09:00:00 +0200

Rautaruukki Corporation Press release 4 January 2012 at 10.00 EET

Ruukki has signed a contract worth around EUR 5 million for total delivery of a new mail terminal to be built in Hallsberg, Central Sweden. The new building will total around 30,000 square metres. The order was placed with Ruukki by NCC Construction Sverige AB, the main contractor in the project.

Ruukki's total delivery comprises the steel frame, façades and load-bearing roof structures. Ruukki is also responsible for structural design and installation.

Sweden Post plans to make Hallsberg in Central Sweden the hub of mail sorting and to switch from air cargo to railway freight, which is more environmentally aware. In this respect, Hallsberg is ideally placed. The building will also serve as a train loading and discharging terminal.

"Sound experience in total deliveries of large buildings was one of the main criteria in Ruukki's favour as our choice of partner," says Krister Lund, Contract Manager, Örebro county at NCC Construction Sverige AB.

"Ruukki's delivery, which includes frame and envelope structures, as well as responsibility for their design and installation, offers the customer a competitive package. We have worked together with NCC since the project development stage in this venture," explains Sami Eronen, SVP Building Projects, Ruukki Construction.

Ruukki will begin installation work at the site in January 2012, Installation work is expected to last about six months. The building is scheduled for completion during 2012.

The frame will be made at Ruukki's plant in Peräseinäjoki, the façade panels in Alajärvi and the roof profiles in Vimpeli, Finland. The contract also includes delivery and installation of the hollow core slabs and plinth elements for the building.

For further information, please contact:
Sami Eronen, SVP Building Projects, Ruukki Construction, tel. +358 20 592 5173

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.

www.ruukki.com

Nomination Board's proposal to the Annual General Meeting regarding the composition and fees of Rautaruukki's Board of Directors

Tue, 20 Dec 2011 14:00:00 +0200

Rautaruukki Corporation Stock exchange release 20 December 2011 at 15.00 EET

Rautaruukki's shareholders' Nomination Board is to propose to the Annual General Meeting convening on 14 March 2012 that the number of Board members remains unchanged at seven. The Nomination Board proposes the re-election of Pertti Korhonen, Liisa Leino, Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen, and the election of Kim Gran and Saila Miettinen-Lähde as new members. The Nomination Board proposes that Kim Gran be elected as chairman of the Board and Hannu Ryöppönen as deputy chairman. It is proposed that the fees of the Board of Directors remain unchanged.

The Nomination Board appointed by Rautaruukki's shareholders is to propose to the Annual General Meeting convening on 14 March 2012 that the number of Board members remains unchanged at seven.

The Nomination Board proposes the re-election of current members of the Board of Directors, President & CEO Pertti Korhonen, Chairman of the Board of Directors Liisa Leino, President & CEO Matti Lievonen, Hannu Ryöppönen BA (Bus Admin) and CEO Jaana Tuominen for a further term of office lasting one year from the 2012 Annual General Meeting until the close of the 2013 Annual General Meeting. More information about members of the Board of Directors is available at www.ruukki.com > Investors > Corporate Governance > Board of Directors.

The Nomination Board proposes the election of President and CEO Kim Gran and CFO Saila Miettinen-Lähde as new members of the Board of Directors. See the attachments and Rautaruukki's website at www.ruukki.com > Investors > Corporate Governance > Annual General Meeting 2012 for more information about these candidates.

Furthermore, the Nomination Board proposes that Kim Gran be elected as chairman of the Board of Directors and that Hannu Ryöppönen be re-elected as deputy chairman. All candidates have consented to election.

Moreover, the Nomination Board proposes that the annual fees of the Board of Directors are:
Chairman EUR 72,000 (2011: EUR 72,000)
Deputy chairman EUR 44,000 (EUR 44,000)
Members EUR 34,000 (EUR 34,000)

In addition to the above, Board members are paid an attendance fee of EUR 600 per meeting for Board of Directors' meetings and Board of Directors' committee meetings. The Nomination Board proposes that 40 per cent of the annual fee be paid in the form of Rautaruukki Oyj shares purchased on the market. The shares will be purchased within two weeks of the publication of the company's interim report for the first quarter of 2012.

According to the proposal, the Annual General Meeting will resolve to acquire the shares directly on behalf of members of the Board of Directors. This is an acceptable way to acquire Rautaruukki Oyj shares for Board members under applicable insider rules. The Nomination Board also considers that increasing the long-term shareholding of Board members is in the interest of all shareholders.

The proposals above are included in the notice of the Annual General Meeting.

Kari Järvinen, Managing Director (Solidium Oy), served as chairman of the Nomination Board with Timo Ritakallio, Deputy Chief Executive Officer (Ilmarinen Mutual Pension Insurance Company) and Risto Murto, Executive Vice President, Investments (Varma Mutual Pension Insurance Company) as members. Reino Hanhinen, Chairman of Rautaruukki's Board of Directors, served as the Nomination Board's expert member.

For further information, please contact:
Kari Järvinen, Managing Director, Solidium Oy, tel. +358 10 830 8905
Reino Hanhinen, Chairman of Rautaruukki's Board of Directors, tel. +358 20 59 29300

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 11,700 people. Net sales in 2010 totalled 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:
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Main media
www.ruukki.com

Ruukki energy panels help clearly improve energy rating of buildings

Tue, 13 Dec 2011 09:30:00 +0200

Rautaruukki Corporation Press release 13 December 2011 at 10.30 EET

Launched in spring this year, Ruukki energy panels enable a clear improvement in the energy rating of buildings. Ruukki energy panels have been ordered for, among other projects in Finland, Cargotec's technology centre at Hervanta, in Tampere, Paccor's packaging plant in Hämeenlinna, Flyway Cargo's logistics centre in Vantaa and DB Schenker's logstics centre in Nurmijärvi. A total of over 100,000 m² of energy panels had already been ordered during the summer and autumn.

Knowledge of a clear decrease in the carbon footprint of buildings has fuelled growing interest in Ruukki energy panels. In addition, annual savings of up to 30 per cent in energy costs support the choice of energy panels.

Thanks to its airtightness, the energy panel system considerably reduces the need to heat and cool a building and also cuts carbon dioxide emissions. For example, with Ruukki's energy panels, a single-storey 10,000 m² logistics centre in the south of Finland produces 2,800 tonnes less carbon dioxide emissions over a ten-year period. This equates to the same amount of emissions produced by 280 cars driving around the world, or 40,000 kilometres, a year.

Flyway Cargo's logistics and warehousing centre is under construction in the vicinity of Helsinki-Vantaa Airport. The centre is being built for the client Ilmarinen Mutual Pension Insurance Company. Scheduled for completion in autumn 2012, the centre will have a total of around 7,000 m² of Ruukki energy panels. The façade contractor is Oulun Pelti ja Eristys Oy, which is also an installation firm certified by Ruukki. "Real estate investments are long-term, which is why we are interested in energy efficiency, sustainable construction and the long life of product parts," explains construction manager Niina Rajakoski at Ilmarinen.

NCC Rakennus Oy is the contractor for Cargotec's technology and competence centre. The five-storey office building and workshop building in conjunction with it are scheduled for completion in December 2012. The workshop building will have around 5,000 m² of energy panels.

Packaging manufacturer Paccor Finland Oy's new production premises in the Moreeni industrial park in Hämeenlinna are scheduled for completion in autumn 2012. The contractor is Lemminkäinen and the customer is real estate company Morpac Oy. A total of around 8,000 m² of energy panels will be delivered for the project.

Logistics provider DB Schenker's new logistics centre in Nurmijärvi will also have around 7,000 m² of energy panels. The contract is being carried out by project and construction management consulting company Rakennuttajatoimisto HTJ Oy using the project management service model. The centre will be brought into use towards the end of 2012. "The environmental performance of our logistics centre will be certified according to the BREEAM system and we are aiming for energy rating A. We chose Ruukki's energy panels because of their airtightness as one way to help us achieve that aim. Our calculations indicate that the additional investment required by energy panels will pay for itself in a sufficiently short time compared to the benefit gained," notes Marco Furu, Director, Real Estate DB Schenker in Finland.

Ruukki energy panels are manufactured at Ruukki's plant in Alajärvi, Finland.

Ruukki energy panels are prefabricated elements intended for the exterior walls of a building to make the outside wall structures very airtight. Thanks to airtightness, Ruukki's energy panel system considerably reduces the need to heat and cool a building and also cuts carbon dioxide emissions. Energy panels are ideal for commercial, industrial and logistics buildings, among others. Ruukki is the first manufacturer in the world to guarantee the exact level of airtightness of exterior wall panels. A choice of three different levels of air tightness is available depending on the purpose of the building. Thanks to a non-combustible mineral wool core, the panels are also very fire retardant.

For more information about Ruukki's sandwich panels, see

Press release 30 March 2011: Reduce energy costs with Ruukki's new energy panels

More information is available from: Jouni Metsämäki, SVP, Building Components, tel. +358 20 592 9114

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 11,700 people. Net sales in 2010 totalled EUR 2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

Ruukki's Capital Markets Day on 7 December 2011: Emerging markets as growth drivers - energy efficiency as special theme

Wed, 07 Dec 2011 13:00:00 +0200

Rautaruukki Corporation Stock exchange release 7 December 2011 at 14.00 EET

Rautaruukki's management will re-affirm the company's strategy at the Capital Markets Day being held in London today. Strongest growth is expected from Russia and other emerging markets. Specialisation continues to be the focus for Ruukki. In the Nordic markets, the company's aim is to strengthen market positions. Earnings guidance for 2011 remains unchanged.

"The debt crisis in Europe has increased uncertainty on the financial markets and weakened general confidence in the economy. However, growth forecasts in Ruukki's main markets in the Nordic countries, Central Eastern Europe and Russia are still relatively more positive than elsewhere in Europe. Our main objectives for the latter part of the year are to improve operational efficiency, free up working capital and thus improve cash flow. Due to efficiency measures already completed, our cost structure is considerably lighter than before the previous economic crisis in 2008-2009.

In the construction business, our modern manufacturing and sales network in Central Eastern Europe and a strong foothold on the Russian steel construction markets provide a good foundation for future growth.

In the engineering business, our focus is on products in which we can capitalise more strongly than earlier on our own design and materials expertise. More than half of our engineering capacity is already in emerging market countries.

In our steel business, the investments in technology and production capacity needed to increase the share of special steel products have already been made. The strong position of our steel service centres in the Nordic countries remains especially important in the prevailing market conditions.

We re-affirm the company's existing strategic targets. To achieve these targets requires not just organic growth, but also acquisitions," says President & CEO Sakari Tamminen.

Strategic targets unchanged

In October 2010, Ruukki announced its targets for the coming years. These targets are:
- growth in the share of emerging markets to 50 per cent of consolidated net sales (27% in Q1-Q3/2011)
- growth in the share of the solutions businesses - construction and engineering - to 60 per cent of consolidated net sales (35% in Q1-Q3/2011)
- increase in the share of special steel products to 60 per cent of the company's steel business (33% in Q1-Q3/2011:)
- strengthened market position in all core businesses

Energy efficiency is the theme of Ruukki's Capital Markets Day

Ruukki aims to develop increasingly more energy-efficient products and solutions for our customers. Our customers' interest in low-emission, energy-efficient technology is reflected in Ruukki's business, especially in construction and in the lifting, handling and transportation equipment industries. For the customer, this means lighter structures, lower energy costs and reduced emissions.

Earnings guidance remains unchanged

Ruukki keeps its earnings guidance unchanged. 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.

Capital Markets Day material

Capital Markets Day presentation material in English will be available from approximately 14.00 EET on 7 December 2011 at www.ruukki.com/investors. A live webcast of the Capital Markets Day programme can be followed on the same website starting from 15.00 EET onwards.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Markku Honkasalo, CFO, tel. +358 20 592 8840

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

Kilden Performing Arts Centre voted 2011 steel construction of the year

Wed, 23 Nov 2011 09:00:00 +0200

Rautaruukki Corporation press release 23 November 2011 at 10.00 EET

Kilden Performing Arts Centre voted 2011 steel construction of the year

Kilden Performing Arts Centre has won the 2011 steel construction of the year award. Ruukki was responsible for the detail design, fabrication and installation of the steel structures for the performing arts centre built in the city of Kristiansand in southern Norway. The Finnish Constructional Steelwork Association (TRY) makes an award for the best steel structural design every year. The award was presented yesterday in Helsinki.

The construction of Kilden shows an innovative combination of different materials: steel, wood and stone. The undulating overhang of the façade on the seaward side continues in the ceiling inside the building. The top section of the building is supported by four inclined steel columns, each 25 metres apart. The façade has been clad with local oak.

"The compatibility of the structures made of different materials was taken into account when designing and manufacturing the steel structures. The demanding structural solutions required precise dimensional accuracy and prefabricated bolted joints were used for the joints. Design and realisation of the support for the undulating façade posed a special challenge," said Sami Eronen, SVP Building Projects, Ruukki Construction.

The Building Information Model (BIM) was used in the Kilden project to update data from the different parties in real time. Ruukki generated information among other things about the manufacture and transportation of the steel structures. The site foreman updated work progress at the construction site. The information model could be used to show the structures and their joints in 3D at the construction site. This accelerated the progress of work.

Ruukki's deliveries began in October 2009 and ended in March 2010. The steel structures were manufactured at Ruukki's plant in Peräseinäjoki, Finland. Ruukki has experience of the construction of other landmark cultural buildings in Norway. Ruukki and AF Gruppen, the lead contractor for Kilden, also worked together on the Oslo Opera House. Ruukki was also involved in building the new concert hall in Stavanger, Norway.

For further information, please contact: Sami Eronen, SVP Building Projects, Ruukki Construction, tel. +358 40 557 8839

Ruukki 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 11,700 people. Net sales in 2010 totalled EUR 2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

www.ruukki.com

Ruukki to strengthen its special steels sales network by opening an office in India

Fri, 18 Nov 2011 11:00:00 +0200

Rautaruukki Corporation press release 18 November 2011 at 12.00 noon EET

Ruukki is to open a sales office in Mumbai, India. The office will be opened at the end of the year and will support Ruukki's strategic target for special steels to account for an increased share of net sales.

"The use of special steels in the emerging market countries is currently showing strong growth. It is important to have a presence in the markets and to be close to our customers so that we can provide them with increasingly better and faster service," says Thomas Hörnfeldt, Senior Vice President, Sales, Special steels at Ruukki Metals.

In India, Ruukki focuses especially on sales of high-strength Ruukki Optim and wear-resistant Ruukki Raex special steels for our customers in transportation as well as in mining and construction equipment manufacturing. Special steel products enable lighter vehicle structures, which in turn saves energy, reduces emissions and prolongs lifecycles in applications requiring wear-resistance.

To strengthen sales of special steels in the emerging markets, Ruukki opened a sales office also in Beijing, China in September. Ruukki has had operations in China since 2005 and opened its first sales office there in 2009 in Shanghai.

For further information, please contact: Thomas Hörnfeldt, SVP, Sales, Special steels, Ruukki Metals, tel. +46 70 983 3414

www.ruukki.com

Inline: World’s largest biomass boiler plant is being built at record speed

Thu, 10 Nov 2011 12:57:00 +0200

The world’s largest biomass boiler plant is being built at record speed in Połaniec, Poland. The boiler looks like a huge heart that steel structures made by Ruukki are protecting in the same way as the rib cage protects the human heart. The largest beams supporting the boiler at the top of the building each weigh 75 tonnes, which has evoked the respect of the builders.

Leszek Prokopiak, Foster Wheeler Energia Polska’s site manager, and Bartek Komodzinski, Ruukki Polska’s project manager go on a round of inspection to see how the day’s work is progressing. They look down from a height equivalent to that of a 20-storey building: hanging from the large steel beams is a red cylinder, which is assuming its final shape as the huge metal pieces are welded together. This is where the world’s largest circulating fluidised bed boiler is being assembled. The boiler plant will be a new energy production unit at GDF Suez Energia Polska’s existing coal-fired power plant. The unit will cause less climate impact.

Foster Wheeler’s boiler looks like a huge heart that steel structures made by Ruukki are protecting in the same way as the rib cage protects the human heart. The largest beams supporting the boiler at the top of the building each weigh 75 tonnes, which has evoked the respect of the builders.

“Lifting the beams by special crane to a height of around 70 metres was phenomenal, laborious and dangerous,” Bartek Komodzinski explains. Fortunately the wind remained calm. Weather conditions greatly affect the pace of work. When the wind reaches gale force, the safety system automatically cuts off the crane’s power supply.

Exceptionally tight timetable

“The new power plant unit is unusual not just for its size, but also because of the exceptionally tight timetable to which it is being built,” Leszek Prokopiak explains. Foster Wheeler promised to realise the customer’s wish for the boiler plant to be producing electricity by the end of 2012. “The work would normally take 36 months, the delivery time now agreed is four months’ shorter. Initially, we even had to catch up with the timetable because of the delay caused by record floods in Poland in summer 2010 and an alarming rise in the level of the river Wistula flowing nearby.”

Foster Wheeler agreed special arrangements with Ruukki to save time. A start was made on joining together the parts of the boiler imported from Finland the wrong way round, from top to bottom, through temporary installation openings left in the roof at the same time as Ruukki’s people welded and screwed into place the steel structures made at the company’s plant in Oborniki, Poland. A boiler is usually installed from the bottom upwards and only then when the frame has been built,” Prokopiak says. The importance of seamless cooperation and accuracy is highlighted in times when the pressure is on. Bartosz Komodzinski describes the building’s dimensions and tight timetable as a “baptism of fire”, from Ruukki’s perspective.

Carefully selected partners

Ruukki was chosen for a part in the power plant project after thorough screening. Companies across the world seeking to be Foster Wheeler’s partners undergo a strict screening process, which, among other things, takes into account work and product quality and the financial position of potential partners. Ruukki was already a familiar name in conjunction with other power plant projects, having earlier delivered steel panels to Foster Wheeler’s subcontractors.

“For their part, these deliveries convinced us that the product is well made and meets the high quality criteria that our clients require of us,” Leszek Prokopiak sums up.

Power plant construction complies with strict regulations, plans and drawings with no exceptions. Mutual confidence is also shown by the fact that as work progresses, Ruukki has also been entrusted to carry out smaller contracts relating to the boiler plant.

Despite the rush, Leszek Prokopiak reveals that he relates with emotion to the creation of a huge facility requiring innovation. “It’s an overwhelming feeling to create such an unusual object,” he smiles

Story Pilvikki Kause
Photos Agnieszka Piotrowska

Inline: Airtight sports centre

Thu, 10 Nov 2011 12:51:00 +0200

The new Sole Skog Sports Centre in a new residential area just outside the Norwegian capital of Oslo is very airtight and thus an energy-efficient building. The sports centre is the first building in Norway to use Ruukki’s energy panels that come with an airtight promise. Thanks to their non-combustible mineral wool core, the panels are very fire resistant.

A brave new sports centre is getting interesting looks in the fairly small municipality of Vestby, adjacent to Oslo. The new sports centre is one of the most important growth projects to attract families with children interested in sports and outdoor life to the residential area of Sole Skog. The municipality has invested around NOK 130 million (around €16.8m) in the new sports centre.

“Some of the biggest challenges were the tight design and construction schedule, and especially the strict energy technology criteria,” explains Helge Lund-Roland, project manager at Bermingrud, the main contractor.

Bermingrud and Metacon, the subcontractor responsible for the structures, set the bar high: the sports centre had to meet extremely strict energy efficiency criteria. Different sandwich panels were evaluated at the design stage and Ruukki’s energy panels fitted the bill.

Exact level of airtightness for panels – first in the world

The very airtight joints of the energy panel are fitted with special seals to give the building good thermal insulation. Ruukki is the first manufacturer in the world to guarantee the exact level of airtightness of exterior wall panels. An advantage with the energy panel is that, correctly installed, it guarantees the building very good airtightness and thus low energy consumption - which pleases both the budget and nature.

Panel installation technology is a critical factor as regards energy-efficiency criteria. The most important thing is to make the joint between the roof and the wall completely airtight. To ensure airtightness, Ruukki trained Metacon’s people on-site.

“These days, it is important from both the financial and environmental aspects to meet strict energy-efficiency criteria. Our criteria were tough and we’re delighted to get a low-energy building that even exceeds our energy-efficiency criteria,” says Irene Brevad, project coordinator from the municipality of Vestby.

Thanks to their non-combustible mineral wool core, the panels are also very fire resistant.

Inline: Solar power also in cloudy weather

Thu, 10 Nov 2011 00:00:00 +0200

At a business and leisure centre in Salo, southwest Finland, Ruukki Liberta Solar panels add momentum to energy production also during cloudy weather. Thanks to the latest newcomer to the Design Palette, the steel façade cladding is both aesthetic and useful.

In the centre of the city of Salo, solar power and ground-source heat shake hands with radios, televisions and other electrical appliances in the former head office of Salora, the company which made them.

In the Astrum Centre, twenty Ruukki Liberta Solar panels drive the pump that circulates the ground-source heat and -cooling collecting fluid in a well to pre-heat and -cool the supply air in the office building. The system converts solar radiation directly into electricity and can utilise the sun’s rays even in cloudy and foggy weather.

Just ten Ruukki solar panels would be enough to provide the electricity to drive the pump for a year, but there are double the panels because of the inverter used by the system. At the same time, the panels are also in readiness for the next energy-saving action which relates to using solar power to recover the heat from extract air.

“Use of a renewable source of energy is a social act, which cheers people up,” explains property owner Lasse Jokinen, adding that saving energy is a huge challenge for everyone.

Ventilation makes best use of solar power

Jokinen, who comes from the region, wanted to restore the dignity of the empty industrial property by putting it to good use. He bought the property in spring last year. The block contains 35,000 square floor metres. Jokinen has refurbished the premises for business use and for the recreational use of local people. The premises house a theatre, sports, fair and entertainment centre, an educational institution and the city’s exhibition room. Even a car museum is being planned for the premises. The investment is well over €10 million.

Ruukki’s products have earlier been used in the Astrum Centre and have well withstood the passing time. The wing serving as the sports centre was fitted with Ruukki’s sandwich panels to provide a new façade and additional thermal insulation. The steel cladding of this massive building was brought to life with red and dark grey Liberta rainscreen panels. Ruukki’s almost black, glass Liberta Solar solar panels blend in well with the façade ornamentation and were installed on the top corner of the southwest facing wall of the sports centre.

”The commitment came form the customer, but the idea and practical application came from Ruukki and its partners,” says application expert Harri Eerola ,from Ruukki about renewable energy production in the property.

“We set out in pursuit of the best efficiency for solar power and found it in ventilation. The 180-watt pump driven by solar power has at best obtained 26 kW of ground-sourced cooling energy. We will probably achieve even greater efficiency when heating the supply air in winter, but we have not yet measured production in winter,” says HEPAC designer Kari Koivumäki.

Solar panels create an elegant façade

“The fact that the solar cells function at the same time as a very high-calibre façade cladding makes the investment considerably more moderate than installing separate panels on a support structure.

Solar-power producing Liberta Solar panels are the latest newcomer to the Ruukki Design Palette family. Design Palette is intended to provide architects with a range of quality façade cladding shapes, materials and colours to provide signature design. Solar panels provide an extra dimension to the palette in the form of energy production.

“Liberta Solar panels are fully integrated both aesthetically and functionally into the façade of the building. Their elegant glazed black surface makes Liberta Solar panels enables solutions of a high architectural standard in demanding projects. The panels can also be easily combined with other products in the Design Palette to create an attractive end-result,” says architect Laura Paunila, business concept manager at Ruukki.

Story Pirjo Kupila
Photos: Sami Kilpiö

Inline: Smart roof: Sensors developed by Ruukki measure snow load on roof

Thu, 10 Nov 2011 00:00:00 +0200

Snow building up on the roof can cause many problems. However, Ruukki makes it possible to check when maximum permitted loads are approaching the smart way - using sensors. Sensors developed by Ruukki can be fitted to roofing sheets to measure the loading on the roof and when necessary send an alert to a mobile phone. We can really talk about smart roofs.

The technology can be fitted to both new and existing roofs without the need for huge outlays. Smart roof technology is ideal for shopping and logistics centres and warehouses - in fact for any buildings with a large area of roof.

When maximum permitted loads are approaching, the sensors transmit information to the maintenance company’s computer or mobile phone to enable it to dispatch people to clear the snow at the right time.

“Property owners don’t need to clear snow unnecessarily. This saves both time and money. Even though there appears to be little snow, it can absorb moisture from the air, for example, and become dangerously heavy. The smart roof thus increases safety,” says SVP Jouni Metsämäki.

Ruukki can also provide safety solutions for roof installers. These include a tool to safely lift bundles of load-bearing roofing sheets to the roof of a building. If a roof installer happens to slip, Ruukki’s safety anchor ensures he doesn’t fall to the ground, but is left securely suspended by a harness.

More about Ruukki's load-bearing sheets

Inline: New steel-framed extension flexibly into place without disrupting production

Thu, 10 Nov 2011 00:00:00 +0200

A new steel-framed industrial hall at Outokumpu’s steel plant in Tornio, northern Finland was built in a cramped space between existing buildings without disrupting production. A steel-framed option was the only answer to the challenge. Production is now more efficient and saves energy at the same time.

The starting point to construct an extension was a challenging one. The industrial hall had to be built between two existing buildings without disrupting production. Ruukki’s steel-framed building met strict criteria and the aims of sustainable development: to utilise existing and save resources.

The construction project started in early 2008, when Outokumpu’s steel plant in Tornio decided to increase the production of special steel. This required investment in a new grinding machine and the new production facilities to house it.

Challenging project and installation – hence Ruukki

Steel-frame production halls come into their own in extension projects since they enable production premises to be flexibly enlarged. “Ruukki’s expertise and experience played an important part in the selection process because the project involved a particularly challenging site and installation,” explains Pentti Saxlund at Outokumpu, who was responsible for the entire construction project.

Built between the steel melting shop and the hot-rolling mill, the new steel-frame hall housing the new grinding machine has a total of 1,900 square metres of floor space and is 33,000 cubic metres in volume. Steel billets are ground in the grinding hall.

“It was decided to locate the hall between these two buildings so that it would be in the logistically optimal location, between the hot-rolling mill and the steel melting shop,” says Pentti Saxlund.

Easy to extend a steel-frame construction

According to Juha Kääriäinen, project director at WSP Finland, unlike a concrete-frame building, a steel-frame building can be extended without much difficulty once the necessary information is at hand. The new production facilities were fully integrated into two earlier production halls.

“As far as the builder was concerned, a concrete industrial hall was out of the question because the new hall is an extension of two steel-frame halls completed earlier. In steel-structure halls, the new and old frames are joined to each other,” notes Esa Kadenius at Outolumpu, who oversaw the steel construction.

Production at the plant continued throughout the construction process. For example, the billet conveyor belt had to operate until the new roller table to convey the billets was completed.

“Planning and construction in industry is always based on production not being disrupted,” says Pentti Saxlund at Outokumpu.

Story: Tapani Tuominen
Photo: Outokumpu

Inline: A gem of natural beauty

Thu, 10 Nov 2011 00:00:00 +0200

The Corten steel façade of the Korundi concert hall creates a unique architectural design language, the story of which is summed up in the distinctive steel surface. The surface of the Corten plates brings a sense of the changing seasons and natural diversity closer to people.

Korundi, the new cultural oasis in the city of Rovaniemi in northern Finland, houses an art museum and concert hall under the same roof. The project was to renovate the former mail van depot, an old redbrick building dating from the 1930s, has been home to Rovaniemi Art Museum since 1986.

The complex includes a newly built concert hall. The concert hall’s Corten steel façade creates a unique architectural design language. From the outside, the 340-seat concert hall of the Lapland Chamber Orchestra resembles an old factory building. The result is a boulder-like, enclosed building based on the design principles of blocks and monomateriality. Architect Juhani Pallasmaa, the main designer of Korundi has described the impression of incompleteness of the building as speaking a silent story of life in bygone days.

“Corten resonates gracefully with the mail van depot building surrounding the chamber music hall and is repeated in the reflections of the steel-glass walls in the redbrick façade,” explains project architect Mika Väisänen at the architects office of Juhani Pallasmaa. The name Korundi, which is Finnish for corundum - a crystalline form of aluminium oxide with traces of iron, titanium and chromium - was the result of a name competition. Found in the Lapland landscape, corundum can be almost any colour depending on the impurities it contains. It can be a valuable gemstone and is the second hardest mineral after diamond.

Visit Ruukki Design Palette visualizer

Story: Tiina Alvesalo
Photos: Rovaniemi Art Museum / Arto Liiti

Inline: City for people?

Thu, 10 Nov 2011 00:00:00 +0200

If a city is to remain vibrant and adaptable, it must be built in the right way. Fast population growth and climate change pose new challenges for construction.

The lack of airtightness in buildings is one of the largest sources of waste energy and a major cause of the rise in carbon dioxide emissions. The structures do not lend themselves to modification and a poor technological standard adds to waste since the materials are not recycled.

We impact on all climate pollution and loading: we burn fossil fuels and we drive, we develop and use hazardous chemicals, we produce excess waste and are bad at recycling it.

Outdoor and indoor air pollution results in over two mill premature deaths a year in the world. The air in many large cities in Asia is so polluted that breathing it has the same effect as smoking two and a half packs of cigarettes a day.

A plot adjacent to a small road with traffic of around one thousand vehicles a day suffers a noise level of even over 55 decibels (dB). Constant noise damages the health and hampers performance at school, work and during free time. It also predisposes to heart attacks, learning difficulties and tinnitus.

Subsidence has long been a problem in many coastal areas. There has been a shortage of buildable land and land areas have had to be extended towards the sea. Subsidence could damage building structures and underground facilities such as the sewerage system.

A rise in the sea levels in conjunction with climate change could result in a similar situation to subsidence in coastal areas.

Speaker: Petteri Lautso

“Urban design and construction never start from scratch. A city is built and evolves the whole time, it is never finished. Each generation leaves its mark on it.

Prudent, far-sighted urban construction respects the marks of earlier generations in the cityscape, whilst seeking to take into account future, as yet unknown, needs. This applies equally in China and Russia as in Northern Europe, even though the points of departure might be very different.

Ruukki’s steel structures enable sustainable urban construction without destroying the old and cause less disruption than other materials. Our structures will still be usable when the time comes to turn them into something new. And if the structures in time come to the end of their useful life, they still contain valuable material. Steel is the most recycled material in the world.”

End of strike by Finnish Federation of Professional and Managerial Staff

Mon, 07 Nov 2011 10:34:00 +0200

Information for Ruukki’s customers and partners on 7 November 2011

The strike started on Tuesday 1 November by members of the Finnish Federation of Professional and Managerial Staff has ended. We apologise for any delays caused to our customers.

www.ruukki.com 7 November 2011

Impact of the strike by Members of the Finnish Federation of Professional and Managerial Staff on Ruukki’s deliveries

Tue, 01 Nov 2011 08:50:00 +0200

Release to Ruukki’s customers and partners on 1 November 2011

Members of the Finnish Federation of Professional and Managerial Staff (YTN) went on strike at 6am local time this morning, 1 November after a breakdown in collective bargaining negotiations between the union and the Federa-tion of Finnish Technology Industries.

The strike also affects functions in all Ruukki’s business areas and corporate administration in Finland. The strike will end at 6am local time on Monday 21 November 2011, unless a settlement is reached in the negotiations before then.

We apologise to customers for the possible delays caused by the strike and will do everything in our power to en-sure the continuity of customer deliveries and service during the strike.

End of strike by Finnish Metalworkers’ Union, Electrical Workers’ Union and Pro

Tue, 25 Oct 2011 10:57:00 +0300

Information for Ruukki’s customers and partners on 25 October 2011 at 11am EEST

The strike started on Friday 21 October by members of the Finnish Metalworkers' Union, Finnish Electrical Workers' Union and the trade union Pro has ended. In addition to Ruukki, around 40 other technology industry companies were affected by the strike.

We apologise for any delays caused to our customers.

www.ruukki.com 25 October 2011

Impact of the strike by Metalworkers’ Union, Electrical Workers’ Union and Pro on Ruukki’s deliveries

Fri, 21 Oct 2011 00:00:00 +0300

Release to Ruukki’s customers and partners on 21 October 2011 at 8.00 EEST

Members of the Finnish Metalworkers’ Union, Finnish Electrical Workers’ Union and the trade union Pro went on strike at 6am local time this morning, 21 October after a breakdown in collective bargaining negotiations between the unions and the Federation of Finnish Technology Industries.

The strike also affects functions in all Ruukki’s business areas and corporate administration in Finland. The strike will end at 6am local time on Monday 7 November 2011, unless a settlement is reached in the negotiations before then. In addition to Ruukki, the strike affects 40 other companies in the technology industry.

We apologise to customers for the possible delays caused by the strike and will do everything in our power to ensure the continuity of customer deliveries and service during the strike.

Rautaruukki Corporation Interim report Q1-Q3/2011: Weak quarter in the steel business - improved profitability in the solutions businesses

Wed, 19 Oct 2011 08:00:00 +0300

Rautaruukki Corporation Interim report 19 October 2011 at 9.00 EEST

July-September 2011 (Q3/2010)
- Order intake was up 18 per cent at EUR 678 million (576).
- Comparable net sales were up 10 per cent at EUR 674 million (615).
- Comparable operating profit was EUR 1 million (41), equating to 0.1 per cent of net sales.
- Comparable result before taxes was -EUR 4 million (31), equating to -0.6 per cent of net sales.

January-September 2011 (Q1-Q3/2010)
- Order intake was up 21 per cent at EUR 2,024 million (1,679).
- Comparable net sales were up 18 per cent at EUR 2,079 million (1,762).
- Comparable operating profit was EUR 96 million (42), equating to 4.6 per cent of net sales.
- Comparable result before taxes was EUR 72 million (20), equating to 3.5 per cent of net sales.

Estimate of financial performance in 2011
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.

KEY FIGURES
	Q3/11	Q3/10	Q1-Q3/11	Q1-Q3/10	2010
Comparable figures
Comparable net sales, EUR m	674	615	2 079	1 762	2 403
Comparable operating profit, EUR m	1	41	96	42	38
Comparable operating profit as % of net sales	0.1	6.6	4.6	2.4	1.6
Comparable result before income tax, EUR m	-4	31	72	20	8

Reported figures
Reported net sales, EUR m	675	614	2 080	1 774	2 415
Reported operating profit, EUR m	-24	-6	69	-8	-12
Reported result before income tax, EUR m	-29	-48	45	-63	-74

Net cash from operating activities, EUR m	-62	-46	-49	-87	-64
Net cash before financing activities, EUR m	-119	-83	-182	-208	-226
Earnings per share, EUR	-0.15	-0.26	0.22	-0.35	-0.57
Return on capital employed (rolling 12 mths), %			3.3	-2.1	-0.3
Return on capital employed (annualised), %			4.5	-0.3	-0.3
Gearing ratio, %			68.2	42.9	44.7
Equity ratio, %			47.5	54.6	55.3
Personnel on average	12 111	11 923	11 930	11 796	11 693

President & CEO Sakari Tamminen:

Our third quarter was divided into two. Because of the general uncertainty caused by the debt crisis in Europe, mill deliveries in our steel business were well below expectations. Our steel business, and with it the operations of the entire company, posted a loss for the third quarter. On a positive note, there was continued strong order flow and improved profitability in our solutions businesses - construction and engineering.

Our order intake was up 18 per cent year on year at EUR 678 million. There was good growth in demand in Finland and Central Eastern Europe, especially Poland, and also in Russia. Orders in the construction and engineering businesses showed favourable development and the level of activity in customer industries is good. On the other hand, mill deliveries in our steel business - where demand is based on long-term needs and wholesale demand - have been weaker than expected. Mill deliveries account for over half the total deliveries in the business area. Our net sales for the third quarter were up 10 per cent year on year at EUR 674 million. Relatively best net sales growth was in Central Eastern Europe, where growth came mostly from the construction business.

The company's gearing ratio rose to around 68 per cent because of tied-up net working capital, investments and the loss made by the steel business. Delivery volumes in the steel business were too low to free up working capital at the rate we anticipated. One of the main targets is to free up working capital in our steel business to align the gearing ratio with the company's long-term target of 60 per cent.

In the construction business, positive notes were improved operating profit, as well as growth in order volumes of residential roofing products in almost all market areas. Also commercial and industrial construction deliveries grew, especially in Finland, the other Nordic countries and Ukraine. In Russia, too, there was continued good demand for commercial and industrial construction. Capacity utilisation rates have improved in the construction business.

In the engineering business, the markets in our main customer segments were good. Our engineering business moved back into the black during the third quarter and operating profit was up more than 30 per cent year on year. Growth was highest in delivery volumes of cabins, frames and booms for the lifting, handling and transportation equipment industry. Also deliveries to construction and mining equipment and forest machine manufacturers showed further growth.

Growth levelled off in the steel markets mostly because of the uncertainty in the financial markets in Europe and cautious decision-making due to the weakened economic outlook. In our steel business, the fall in order intake was visible especially in mill deliveries. Service centre sales, where demand is based on short-term needs, remained at a good level. Net sales developed relatively well in the Nordic countries, Central Eastern Europe and Russia. Sales of special steel products remained at a good level in Western Europe, but in many new markets such as China deliveries decreased. Special steel products accounted for 32 per cent of net sales in the steel business for the third quarter. The loss posted for the third quarter was mainly due to higher raw material costs and a lower capacity utilisation rate in steel production, which was affected by modernisation of blast furnace 2 at the Raahe Steel Works.

Production capacity in the European steel markets has been adjusted throughout the line. Utilisation rates are usually lower towards the end of the year than at the start. The capacity utilisation rate in our steel business is estimated to be around 80 per cent during the fourth quarter. This is why profitability of our steel business during the second half of the year will be weaker than during the corresponding period in 2010. In the solutions businesses, we anticipate that market conditions will remain reasonably good for the rest of the year. Based on this, we forecast the capacity utilisation rate in the construction and engineering businesses will be better in 2011 than in 2010.

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 Corporation's full interim report for January-September 2011 is attached to this release.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Markku Honkasalo, CFO, tel. +358 20 592 8840

A presentation in English for analysts and the media will be held on 19 October 2011 at 10.30 EEST at Ruukki, Suolakivenkatu 1, 00810 Helsinki.

A live webcast of the event may be followed online starting at 10.30am on the company's website at www.ruukki.com/investors. The event may also be attended through a conference call. To attend through the conference call, please call the number given 5-10 minutes before the scheduled start time: +44 (0)20 7162 0125, access code: 904355.

A replay of the webcast can be viewed on the company's website on 19 October 2011 from about 2pm EEST. An encore replay of the conference call can be accessed until 26 October 2011 at +44 (0)20 7031 4064, access code: 904355.

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

Rautaruukki Corporation Interim report Q1-Q3/2011