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
ENG Price increases 20122010:
http://hugin.info/3010/R/1474032/410439.pdf
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Source: Outokumpu Oyj via Thomson Reuters ONE
[HUG#1474032]
