December 18, 2007
14:30 CET
Emissions allowances for Rautaruukki's works in Finland under amendment to Emissions Trading Act
Rautaruukki Oyj Stock exchange release 18 December 2007 at 15.30
The Parliament of Finland considered the amendment to the Emissions Trading Act
on 18 December 2007. Under the Emissions Trading Act, the Raahe Works will
receive 91 per cent of the maximum emissions allowances required for the
2008-2012 emissions trading period and the steam boilers at the Hämeenlinna
Works will receive 86 per cent. The corresponding figure for the 2005-2007
emissions trading period was 94.61 per cent for both installations.
As announced earlier, the company expects to incur costs of around EUR 3-5
million a year to purchase the additional emissions allowances it needs during
the 2008-2012 emissions trading period. In addition, emissions trading will
also affect the cost of electricity the company purchases on the Nordic
electricity market.
Rautaruukki's Raahe Works and the steam boilers at the Hämeenlinna Works in
Finland come under the European Union's emissions trading scheme.
Further information is available from: Mikko Hietanen, CFO, tel. +358 20 592
9030
Rautaruukki Corporation
Anne Pirilä
SVP, Corporate Communications and Investor Relations
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 24
countries and employs 14,700 people. Net sales in 2006 totalled EUR 3.7
billion. The company's share is quoted on the OMX Nordic Exchange Helsinki
(Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki
since 2004.
DISTRIBUTION
OMX Nordic Exchange Helsinki
Main media
www.ruukki.com