PRESS RELEASE
December 20, 2010 at 10.30 am EET
Stainless steel base price development in Europe softened in late 2010. Currently, prices have stabilised and the prevailing demand-supply balance supports price increases for deliveries in the first quarter 2011. Outokumpu will, thus, target to increase base prices for all coil products in Europe by 4-6%. The increase applies to all new business from today
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
