Outokumpu intends to reduce its melt-shop capac...

PRESS RELEASE
April 23, 2009 at 10.30 am

Outokumpu announces today its intention to reduce the capacity at its
melt-shop in Sheffield (SMACC) in the UK. Due to the very weak demand
for stainless steel in recent months Outokumpu is cutting production
and adjusting its operations in the difficult market situation. The
proposal would result in the reduction of production capacity to some
200 000 tons annually and in some 110 job losses. This is in addition
to the approximately 50 job losses at the melt-shop that were
announced earlier in February. Today the melt-shop has an annual
operational production capacity of some 350 000 tons.

The Sheffield melt-shop produces stainless steel slabs, billets and
blooms for the production of flat and long products within the
Outokumpu Group and also for direct sale to customers all around the
world. This adjustment in operational capacity will not detract from
Outokumpu's ongoing commitment to delivering excellent customer
service throughout these extremely difficult times. Outokumpu's other
operations in the UK are unaffected by this announcement.

Local consultation will start on April 27, 2009 with the workforce
and the appropriate trade unions. Outokumpu will consider all
reasonable practicable measures to alleviate the personal hardship
caused by this proposal.

The proposed job reductions will take the number of Outokumpu
employees to approximately 450 in the UK.

For more information please contact:

Päivi Lindqvist, SVP - Communications & IR
tel. [phone], mobile [phone],
[e-mail]

Interview requests:
Louise Fairweather, UK Marketing & Communications Manager
tel. [phone], louise. [e-mail]

OUTOKUMPU OYJ
Corporate Management

Ingela Ulfves
Vice President - Investor Relations & Financial Communications
tel. + 358 9 421 2438, mobile [phone]
[e-mail]
www.outokumpu.com


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