Outokumpu will widen its stainless steel long p...

PRESS RELEASE
May 16, 2008 at 12 noon

As part of Outokumpu's strategy to increase its share of special
products, and sales to end-user and project customers, Outokumpu
announces an investment in Long Products finishing facilities in
Sheffield, the UK.

The investment creates an integrated manufacturing route for small
bar and rebar complementing the existing melt shop and the wire rod
mill, both in Sheffield. Along with our existing bar capabilities in
Sweden and the USA, this will enable Outokumpu to offer a wider long
products portfolio in Europe and the rest of the world.

The total investment is some EUR 10 million and the new equipment is
scheduled to be in production in mid 2009. This involves the
installation of coil to bar drawing lines as well as a de-coiling and
straightening equipment for stainless rebar, a product area where
Outokumpu's proprietary lean duplex grade, LDX2101, will feature
strongly.

Mr. Tommy Grahn, head of Outokumpu's Long Products business unit,
said, "With this investment we will take an important step in the
long products business in Europe, by moving downstream into drawn bar
and rebar products. The low-nickel, lean duplex rebar is a
particularly exciting new product. By selectively substituting
traditional carbon steel rebar, it can dramatically extend the life
of reinforced concrete structures."

Outokumpu is the second largest stainless steel long products
manufacturer in Europe with production facilities in Sheffield, the
UK, and Degerfors, Sweden, as well as Richburg, SC, in the USA.
Stainless steel long products serve as raw material for numerous
applications, like valves, flanges, fittings, springs, shafts,
fasteners, filters, welding consumables, seamless tubes, braiding,
concrete reinforcing bar (rebar), etc. Products made out of stainless
bar are used widely in industries like oil and gas, pulp and paper,
chemicals, water treatment, architecture building and construction,
aerospace, automotive, etc., where corrosion resistance is important.


For further information, please contact:

Tommy Grahn, SVP - Long Products, tel. [phone]
Roy Cooke, SVP - Business Development, Long Products, tel.
[phone]
Eero Mustala, VP - Project Communications, tel. [phone]