Outokumpu Oyj - Outokumpu affected by stevedore...

STOCK EXCHANGE RELEASE March 8, 2010 at 3.45 pm EET The strike of the Finnish stevedores (AKT) has started to impact Outokumpu's operations in Röyttä harbour in Tornio. All operations in the harbour have currently stopped. Immediately after the start of the strike on March 4, Outokumpu managed to secure operation of the private part of the harbour with the help of sub contractors. Outokumpu is currently not able to carry out these arrangements. This will consequently have an impact on Outokumpu's deliveries of stainless steel and on the supply of raw materials. It is estimated that within a week, production of stainless steel and ferrochrome would stop in Tornio. If production would totally cease, the financial impact of the strike on Outokumpu's result is estimated to be some EUR 1 million per day. For more information, please contact: Pekka Erkkilä, EVP - General Stainless Phone: +358 9 421 5503, mobile +358 40 514 812 OUTOKUMPU OYJ Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 7 500 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com < http://www.outokumpu.com/> [HUG#1391734] ENG Stevedores strike: http://hugin.info/3010/R/1391734/349500.pdf
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