RAUTARUUKKI AND LKAB CONCLUDE A LONG-TERM RAW MATERIAL SUPPLY CONTRACT

Rautaruukki Oyj       Stock Exchange Release     29 Jan 2007 at 9.00

RAUTARUUKKI AND LKAB CONCLUDE A LONG-TERM RAW MATERIAL SUPPLY CONTRACT

Rautaruukki Oyj and the Swedish LKAB have signed a long-term contract for the
supply of iron ore pellets used as raw materials in iron production to the Raahe
Works. Deliveries will begin as of 1 April 2007. This long-term agreement will
ensure the availability of high quality iron raw material at the Works.

Ruukki's Raahe Works uses around a million tonnes of agglomerated iron ore
pellets and around 2 million tonnes of iron ore fines in its iron production each
year.

LKAB is one of the world's leading suppliers of processed iron ore products to
the steel industry. The company is significantly increasing its production
capacity of iron ore pellets in Sweden.

Additional information is available from:
Heikki Rusila, President, Ruukki Production, tel. +358 20 592 9170


Rautaruukki Corporation

Taina Kyllönen
VP, Corporate Communications


Rautaruukki supplies metal-based components, systems and integrated systems to
the construction and mechanical engineering industries. The company has a wide
selection of metal products and services. Rautaruukki has operations in 23
countries and employs 13,000 people. Net sales in 2005 totalled EUR 3.7 billion.
The company's share is quoted on the Helsinki Exchanges (Rautaruukki Oyj: RTRKS).
The Corporation has used the marketing name Ruukki since 2004.

www.ruukki.com

DISTRIBUTION
Helsinki Exchanges
Principal Media
www.ruukki.com