THE DEMAND IMPROVEMENT WILL ALLOW ACERINOX TO WORK AT FULL CAPACITY IN THE COMING MONTHS

In view of the order increase for the next months, the Company Management has decided not to ask for the extension of the Temporal Labour Adjustment Plan in its Campo de Gibraltar Factory (Cadiz), which is currently in force for the period January-April 2010.

Already in April, and despite the Labour Adjustment Plan, the order book situation will make it unnecessary to reduce the working hours, as it is occurring this month.

This decision was communicated to the Works Committee in a meeting held yesterday.

The current order book guarantees the full occupation of the Campo de Gibraltar Factory until, at least, the month of June, and thus a capacity adjustment plan will not be necessary.

This situation is similar to the rest of the Group factories and for this reason we expect that the second quarter productions will reach the levels existing prior to the crisis.