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GERDAU LONG STEEL NORTH AMERICA HEADLINES

Steel Producers / Gerdau Long Steel North America

Latest News:

Quad Infotech Implements QMOS MES System at Gerdau Whitby Plant
Nov. 22, 2011 - Quad Infotech Inc. has completed implementation and commissioning of the QMOS Manufacturing Execution System (MES) at Gerdau’s Whitby plant in Ontario, Canada. This installation is part of Gerdau’s initiative to use QMOS as its corporate manufacturing system.

PBGC Negotiates Pension Funding for Sand Springs Workers
Aug. 17, 2011 - The Pension Benefit Guaranty Corporation has reached an agreement with Gerdau that will add $18.6 million in additional pension funding covering more than 780 workers and retirees in Sand Springs, Okla.

AIST Presents Crane Innovation Award to John Austin of Gerdau Petersburg
Jun. 17, 2011 - AIST and its Material Movement and Transportation Technology Division presented the 2011 Crane Innovation of the Year Award to John U. Austin, Mobile Maintenance Manager, Gerdau Petersburg.

Gerdau Celebrates 110 Years, Announces New Branding
May 24, 2011 - Gerdau recently celebrated 110 years of existence, and is introducing a new brand and visual identity. The long steel and special steel operations of Gerdau in North America, Gerdau Ameristeel and Gerdau Macsteel, will now be known as Gerdau, but with new descriptors.

Magnesita Awarded Refractory Contract for Gerdau Ameristeel’s Sayreville Facility
Apr. 28, 2011 - Gerdau Ameristeel has awarded Magnesita Refratários S.A. a contract to manage all refractory needs for Gerdau’s Sayreville, N.J., steel mill.

Quad Infotech Implements [QMOS] MES system at Gerdau Ameristeel Sayreville
Apr. 21, 2011 - Quad Infotech has completed the implementation of its [QMOS] MES system at Gerdau Ameristeel’s Sayreville facility for seamless coordination of its steelmaking and rolling operations throughout the entire operation.

Tenova Core to Supply Walking Beam Furnace for Gerdau Ameristeel
Apr. 18, 2011 - Gerdau Ameristeel has contracted Tenova Core to design and supply a 140 tonnes/hour walking beam reheat furnace at Gerdau’s Calvert City, Ky., facility.

LINDARC Laser-Based Off-Gas System Delivers Results at GerdauAmeristeel EAF
Mar. 22, 2011 - MORE srl, Italy, recently installed its innovative LINDARC real-time laser EAF off-gas analysis system at GerdauAmeristeel’s Jacksonville meltshop.

Tenova Core to Revamp Charlotte Consteel System for Gerdau Ameristeel
Jan. 11, 2011 - Gerdau Ameristeel recently contracted Tenova Core to provide a major revamp of the existing Consteel system at its Charlotte, North Carolina plant.

AISI Welcomes Gerdau Ameristeel as Newest Member
Nov. 12, 2010 - The American Iron and Steel Institute is welcoming Gerdau Ameristeel - North America’s fourth-largest steel company - as its newest member.

Quad Infotech Implements [QMOS] MES system at Gerdau Ameristeel Plant
Sep. 29, 2010 - Quad Infotech has started the implementation of its [QMOS] MES system at Gerdau Ameristeel's Sayreville's plant, which will allow Sayreville to coordinate its steelmaking and rolling operations from the scrap yard through to bundling and shipping operations.

Gerdau to Acquire Tamco
Sep. 16, 2010 - Gerdau S.A.’s wholly owned subsidiary, Gerdau Ameristeel, has entered into a definitive agreement with Ameron International, Tokyo Steel, and Mitsui & Co. (U.S.A.), Inc. to acquire all the issued and outstanding shares of Tamco. The transaction is expected to close in the fourth quarter of 2010.

Gerdau Closes Gerdau Ameristeel Transaction
Aug. 31, 2010 - Gerdau Ameristeel and Gerdau announce the completion of Gerdau’s acquisition of all remaining shares of Gerdau Ameristeel pursuant to the recently announced plan of arrangement.

Gerdau Ameristeel Obtains Final Order for Plan of Arrangement
Aug. 30, 2010 - The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement for Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel. The plan is expected to close on Monday, August 30, 2010.

Gerdau Ameristeel Shareholders Approve Gerdau’s Acquisition of Remaining Shares
Aug. 25, 2010 - Gerdau Ameristeel's shareholders approve Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel for US$11.00 in cash per common share. Once completed, the deal will make Gerdau Ameristeel a wholly owned subsidiary of Gerdau.

Gerdau Ameristeel Reports Profit for 2nd Consecutive Quarter
Aug. 6, 2010 - Gerdau Ameristeel reported net income of $46.7 million on net sales of $1.3 billion for the second quarter, and net income of $71.9 million on net sales of $2.5 billion for the six months ended June 30, 2010.

Gerdau, Gerdau Ameristeel Enter Arrangement Agreement
Jul. 6, 2010 - Gerdau Ameristeel and Gerdau SA enter into a definitive arrangement agreement to implement their proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share. If approved by shareholders, the transaction is expected to be completed in August 2010.

Gerdau S.A. Proposes to Acquire Minority Shares in Gerdau Ameristeel
Jun. 3, 2010 - Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all shares of Gerdau Ameristeel Corp. that it does not already own for US$11.00 cash per share. The Board has unanimously determined that it would support a transaction at the price, subject to finalization of definitive documentation for the transaction.

Gerdau Ameristeel Announces Departure of Chief Operating Officer
May 17, 2010 - Gerdau Ameristeel announces that Vice President and Chief Operating OfficerTerry K. Sutter will be leaving the company for personal reasons, effective May 21, 2010.

Gerdau Ameristeel Reports 1st Quarter Profit
May 7, 2010 - Gerdau Ameristeel Corp. reported net income of $25.2 million on net sales of $1.1 billion for the three months ended March 31, 2010.

Gerdau Ameristeel Reports 2009 4th Quarter, Year-End Results
Feb. 26, 2010 - Gerdau Ameristeel reported a net loss of $46.1 million on net sales of $1.0 billion for the fourth quarter and a net loss of $161.7 million on net sales of $4.2 billion for the year ended December 31, 2009.

Gerdau Ameristeel Defers Early Adoption of International Financial Reporting Standards
Jan. 11, 2010 - Gerdau Ameristeel will defer early adoption of IFRS until periods beginning on or after January 1, 2010.

Gerdau Ameristeel Sand Springs Mill to Remain Idled
Jan. 8, 2010 - Gerdau Ameristeel will continue the idling of its Sand Springs steel mill for the foreseeable future, despite a comprehensive proposal from the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's Sand Springs steel mill.

Gerdau Ameristeel Announces $610 Million Refinancing
Nov. 30, 2009 - Gerdau Ameristeel enters into a loan agreement to borrow $610 million on arm's length terms from Gerdau Holdings, a subsidiary of Gerdau S.A.

Gerdau Ameristeel Reports Net Loss in 3Q
Nov. 9, 2009 - Gerdau Ameristeel reports a net loss of $25.4 million for the three months ended September 30, compared to net income of $316.9 million for the same period in 2008.For the nine-month period, the company incurred a net loss of $115.6 million compared to net income of $742.0 million a year ago.

Gerdau Ameristeel Reaches Idling Agreement with USW
Aug. 31, 2009 - Gerdau Ameristeel has reached agreement with the United Steel Workers regarding the suspension of production at its Sand Springs, Okla., steel mill. Production will wind down over the next several weeks.

Gerdau Ameristeel Reports 2009 2nd Quarter Results
Aug. 10, 2009 - Gerdau Ameristeel reports a net loss of $57.6 million on net sales of $1.0 billion for the second quarter, and a net loss of $90.3 million on net sales of $2.1 billion for the six months ended June 30, 2009.

Gerdau Ameristeel to Redeem 10 3/8% Senior Notes due at 2011
Jul. 20, 2009 - Gerdau Ameristeel announces its intentions to fully redeem its $405 million 10 3/8% Senior Notes due 2011 on August 31, 2009.

L.B. Foster to Deliver Gerdau Ameristeel Sheet Piling for New Orleans Flood Walls
Jul. 20, 2009 - L.B. Foster will provide steel sheet piling manufactured by Gerdau Ameristeel to the U.S. Army Corps of Engineers for construction of T-wall type flood walls in the New Orleans area.

Gerdau Ameristeel Amends Term Loan Covenants
Jun. 23, 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.

Gerdau Ameristeel to Idle Sayreville Plant, Close Perth Amboy Rolling Mill
Jun. 9, 2009 - Gerdau Ameristeel is suspending production at its Sayreville, N.J., steel mill and closing its rolling mill in neighboring Perth Amboy, N.J., and has also entered discussions with the USW regarding the potential closure of its Sand Springs, Okla., steel mill.

Workers Go on Strike at Gerdau Ameristeel Cambridge
May 22, 2009 - Nearly 200 United Steelworkers are now on strike after rejecting Gerdau Ameristeel’s final offer for a new collective agreement at the company’s Cambridge, Ont., plant.

Gerdau Ameristeel Reports Loss for 2009 First Quarter
May 8, 2009 - Gerdau Ameristeel reports a net loss of $32.7 million on net sales of $1.0 billion for the three months ended March 31, 2009.

Gerdau Ameristeel Starts up Pneumatic Injection System at Jacksonville EAF
May 6, 2009 - Gerdau Ameristeel starts up an additional pneumatic dolo-lime injection system from MORE at its 90-ton Jacksonville EAF.

Gerdau Ameristeel Reports 4th Quarter, Year-End 2008 Results
Feb. 23, 2009 - Gerdau Ameristeel reports a net loss of $1.3 billion on net sales of $1.4 billion for the three months, and a net loss of $542 million on net sales of $8.5 billion for the year ended December 31, 2007.

Danieli to Upgrade Two Rebar Mills for Gerdau Ameristeel
Dec. 15, 2008 - ABSTRACT: Danieli will upgrade Gerdau Ameristeel’s Sayerville rebar mill with a new roughing mill, and the company’s St. Paul rebar mill with a new finishing end.

Gerdau Ameristeel Implements Quad’s QMOS System at Jacksonville
Dec. 9, 2008 - Quad Infotech Inc. recently completed installation of the [QMOS] Level 2 system at Gerdau Ameristeel’s Jacksonville, Fla., facility covering its meltshop, billet inventory, rolling mill, scheduling and quality control.

Gerdau Ameristeel Reports Record 3rd Quarter Earnings
Nov. 6, 2008 - Gerdau Ameristeel reports net income of $316.9 million on net sales of $2.5 billion for the third quarter, and net income of $742.0 million on net sales of $7.1 billion for the nine months ended September 30, 2008.

Gerdau Ameristeel Announces Acquisition of Metro Recycling
Oct. 28, 2008 - Gerdau Ameristeel announces its acquisition of Metro Recycling, a scrap processor headquartered in Guelph, Ont.

Gerdau Ameristeel Reports 2nd Quarter Earnings
Aug. 7, 2008 - Gerdau Ameristeel reports net income of $262.1 million on net sales of $2.5 billion for the second quarter, and net income of $425.1 million on net sales of $4.6 billion for the six months ended June 30, 2008.

Gerdau Ameristeel Adds New Member to Board
Jul. 21, 2008 - Gerdau Ameristeel appoints former Cummins Vice President Rick J. Mills to its Board of Directors.

Gerdau Ameristeel to Begin Phase One Expansion at Jacksonville
Jul. 4, 2008 - Gerdau Ameristeel announces initiation of the first two phases of the announced expansion of its Jacksonville, Fla., steel mill, which will ultimately expand the facility’s annual melting and rolling capacity to more than 1.0 million tons of rebar products.

Gerdau Ameristeel Announces Record 1st Quarter Earnings
May 13, 2008 - Gerdau Ameristeel reports net income of $163.0 million on net sales of $2.0 billion for the three months ended March 31, 2008.

Conversion Rights Triggered on Gerdau Macsteel Convertible Debentures
May 5, 2008 - Gerdau Macsteel's 2.50% Convertible Senior Debentures due May 15, 2034, are convertible by holders effective May 1, 2008.

Gerdau Ameristeel Announces Acquisition of Century Steel
Apr. 3, 2008 - Gerdau Ameristeel’s majority-owned joint venture Pacific Coast Steel acquires the assets of Las Vegas based Century Steel for approximately $152 million.

Quanex Schedules Special Meeting to Approve Merger Agreement
Feb. 21, 2008 - Quanex will hold a special meeting for stockholders to approve and adopt the agreement and plan of merger between Quanex and a subsidiary of Gerdau SA.

Gerdau Ameristeel Reports Record Year-End 2007 Results
Feb. 14, 2008 - Gerdau Ameristeel reports net income of $141.4 million on net sales of $1.7 billion for the three months, and record net income of $537.9 million on net sales of $5.8 billion for the year ended December 31, 2007.

Gerdau Ameristeel Announces Agreement to Acquire Century Steel
Feb. 13, 2008 - Pacific Coast Steel, a majority owned Gerdau Ameristeel joint venture, will acquire all the assets of Las Vegas-based Century Steel Inc. for consideration totaling $151.5 million.

Gerdau Ameristeel to Expand Rolling Capacity at Jacksonville Mill
Jan. 25, 2008 - Gerdau Ameristeel has begun the planning process for a capital project to expand rolling mill capacity at its Jacksonville Steel Mill.

Gerdau Ameristeel’s Charlotte Mill Honored for Corporate Philanthropy
Nov. 30, 2007 - The North Carolina Department of Commerce has selected Gerdau Ameristeel's Charlotte Steel Mill as its 7th Annual International Community and Economic Development Award winner in the medium company category.

Gerdau Ameristeel Reports 3rd Quarter Results
Nov. 7, 2007 - Gerdau Ameristeel reports net income of $123.8 million on revenues of $1.4 billion for the third quarter, and net income of $396.5 million on revenues of $4.1 billion for the nine months ended September 30, 2007.

Gerdau Ameristeel Prices Offering of Common Shares
Nov. 5, 2007 - Gerdau Ameristeel receives U.S. and Canadian regulatory approval of registration statement for its proposed offering of 110 million of its common shares.

Gerdau Ameristeel Announces Selected 3rd Quarter Results
Oct. 22, 2007 - Gerdau Ameristeel reports selected preliminary comparative financial and operating data for the third quarter and nine months ended September 30, 2007 and 2006, including results for Chaparral from the date of its acquisition on September 14, 2007.

Gerdau Ameristeel Files Prospectus for Shares Offering
Oct. 15, 2007 - Gerdau Ameristeel files preliminary documents with relevant regulatory authorities in the U.S. and Canada for a proposed offering of 110 million of its common shares.

Gerdau Ameristeel Revises Financial Information Related to Subsidiary Guarantors
Oct. 10, 2007 - Gerdau Ameristeel announces revision of the footnote presentation of historical financial information related to its subsidiary guarantors.

Gerdau Ameristeel and USW Reach Agreement at Sand Springs, Calvert City
Oct. 3, 2007 - Gerdau Ameristeel reaches agreements with the United Steel Workers at the company's Sand Springs, Okla., and Calvert City, Ky., steel mills.

Gerdau Ameristeel Announces Acquisition of Enco Materials
Oct. 2, 2007 - Gerdau Ameristeel acquires Enco Materials, a Nashville-based supplier of fabricated products to the commercial construction market.

USW Members to Vote on Tentative Contracts at Gerdau’s Sand Springs and Calvert City Plants
Oct. 1, 2007 - Members of the United Steelworkers reach tentative agreements at Gerdau Ameristeel plants in Sand Springs, Okla., and Calvert City, Ky., with ratification votes scheduled for Friday and this Tuesday.

Gerdau Ameristeel Completes Chaparral Steel Acquisition
Sep. 17, 2007 - Gerdau Ameristeel completes its acquisition of Chaparral Steel, creating the second-largest structural steel producer in North America.

Chaparral Stockholders Approve Merger with Gerdau Ameristeel
Sep. 13, 2007 - In a special meeting held Wednesday, Chaparral Steel stockholders adopt the merger agreement for the company’s acquisition by Gerdau Ameristeel.

Mum’s the Word for Chaparral Steel Board
Sep. 6, 2007 - Chaparral Steel Board of Directors elects to express no opinion and remains neutral toward Gerdau Ameristeel’s August 30 offer to purchase any and all of Chaparral's outstanding 10% Senior Notes due 2013 and the related consent solicitation.

German Authorities Clear Acquisition of Chaparral
Sep. 5, 2007 - Federal Cartel Office of the Federal Republic of Germany clears the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.

Gerdau Ameristeel Acquisition of Chaparral Clears Another Hurdle
Sep. 4, 2007 - The Committee on Foreign Investment in the United States okays the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.

Gerdau Ameristeel Announces Revised Financing Commitment
Aug. 31, 2007 - Gerdau Ameristeel replaces a previously announced financing commitment intended to fund the company’s pending acquisition of Chaparral Steel with a firm commitment from ABN AMRO Bank NV, HSBC and J.P. Morgan Securities as Joint Lead Arrangers.

Waiting Period Passes for Chaparral-Gerdau Ameristeel Deal
Aug. 24, 2007 - Chaparral and Gerdau Ameristeel reach the end of their Hart-Scott-Rodino waiting period, satisfying one of the pre-conditions for consummation of their merger agreement.

Chaparral Steel Announces Special Meeting and Record Dates
Aug. 10, 2007 - Chaparral’s Board of Directors schedules a special meeting of shareholders to vote on the proposal to adopt the Agreement and Plan of Merger for Gerdau Ameristeel’s acquisition of Chaparral Steel for a cash consideration of U.S. $86 per share.

Gerdau Ameristeel Reports 2nd Quarter Results
Aug. 9, 2007 - Gerdau Ameristeel Corp. reported net income of $139.1 million on net sales of $1.3 billion for the second quarter, and net income of $272.7 million on net sales of $2.7 billion for the six months ended June 30, 2007.

Gerdau Ameristeel Steel Helps Support new Dallas Cowboys Stadium
Aug. 1, 2007 - Gerdau Ameristeel’s threadbar steel will play a key role in construction of the new Dallas Cowboys stadium, which will be the largest domed structure in the world when it is completed in 2009.

Gerdau Ameristeel to Acquire Chaparral Steel
Jul. 11, 2007 - Gerdau Ameristeel signs definitive merger agreement to acquire Chaparral Steel for US$86.00 per share in cash, valuing Chaparral Steel's equity at US$4.22 billion.

Pacific Coast Steel Acquires Las Vegas Contractor Business
Jun. 15, 2007 - Gerdau Ameristeel’s Pacific Coast Steel joint venture has agreed to purchase the assets of Valley Placers, a reinforcing steel contractor in Las Vegas that also operates a steel fabrication facility and retail construction supply business.

Gerdau Ameristeel Announces New COO
Jun. 7, 2007 - Gerdau Ameristeel announced the appointment of a new Vice President, Chief Operating Officer responsible for all the company's steel manufacturing and commercial operations, as well as procurement and logistics.

Gerdau Ameristeel Announces New CFO
May 25, 2007 - Gerdau Ameristeel’s Tom J. Landa has announced his retirement as Vice President and Chief Financial Officer, effective July 31, 2007. He will be replaced by Barbara R. Smith, the company's Treasurer.

Steelworkers Ratify Agreement at Gerdau Ameristeel MRM
May 25, 2007 - Members USW Local 5442 have ratified a new collective agreement with Gerdau Ameristeel MRM Special Sections that incorporates a wage-improvement plan with both cost-of-living and wage increases.

Gerdau Ameristeel Supports Local Good Samaritan Project
May 24, 2007 - Gerdau Ameristeel and the Ryan Nece Foundation will present the Bay Pines VA Healthcare System with 17 computers and 44 Web cams with headsets for use in connecting patients with family members located around the country.

Gerdau Ameristeel Reports 1st Quarter Results
May 4, 2007 - Gerdau Ameristeel Corp. reported net income of $133.5 million on net sales of $1.3 billion for the three months ended March 31, 2007.

Gerdau Ameristeel Appoints Communications Executive
May 2, 2007 - Gerdau Ameristeel announced that Steven Hendricks has joined Gerdau Ameristeel as Director, Corporate Communications and Public Affairs.

Gerdau Ameristeel and USW Reach Accord at Whitby Mill
Apr. 3, 2007 - April 3, 2007 — Gerdau Ameristeel Corp. has reached an agreement with the USW at the company's Whitby, Ont., mill. “The company is pleased that another contract has been comple

Gerdau Ameristeel to Change Auditors
Mar. 22, 2007 - March 22, 2007 — Gerdau Ameristeel Corp. announced that its Audit Committee and Board of Directors have selected

Gerdau Ameristeel and USW Reach Accord at Three Plants
Mar. 9, 2007 - March 9, 2007 — Gerdau Ameristeel Corp. announced it has reached agreements with the USW at Gerdau Ameristeel's Beaumont, Texas, St. Paul, Minn., and Wilton, Iowa, steel mills. The plants wer

Gerdau Ameristeel Facility Joins EPA Performance Track Program
Mar. 7, 2007 - March 7, 2007 — Gerdau Ameristeel’s Wilton, Iowa, facility was one of 55 new facilities just welcomed by the U.S. Environmental Protection Agency into the

Gerdau Ameristeel Reports Record 2006 Results
Feb. 8, 2007 - Feb. 8, 2007 — Gerdau Ameristeel Corp. reported net income of $69.4 million on net sales of $1.0 billion for the fourth quarter, and net income of $378.6 million on net sales of $4.5 billion

Gerdau Ameristeel, Steelworkers Reach Accord at Perth Amboy
Dec. 22, 2006 - Dec. 22, 2006 — Gerdau Ameristeel Corp. has reached a collective bargaining agreement with the United Steelwork

Gerdau Ameristeel Announces 3rd Quarter Results Nov. 10, 2006 — Gerdau Ameristeel Corp. reported net income of $96.0 million on net sales of $1.2 billion for the third quarter and net income of $309.3 million on net sales of net sales of $3.0 billio
Nov. 10, 2006 - Nov. 10, 2006 — Gerdau Ameristeel Corp. reported net income of $96.0 million on net sales of $1.2 billion for the third quarter and net income of $309.3 million on

Gerdau Ameristeel Completes West Coast Joint Venture
Nov. 2, 2006 - Nov. 2, 2006 — Gerdau Ameristeel Corp. has completed its acquisition of a controlling interest

Gerdau Ameristeel to Form West Coast Joint Venture
Oct. 19, 2006 - Oct. 19, 2006 — Gerdau Ameristeel Corp. has formally agreed to enter into a joint venture with

Gerdau Ameristeel to Close Perth Amboy Meltshop
Sep. 14, 2006 - Sep. 14, 2006 — Gerdau Ameristeel Corp. announced that it will

Gerdau Ameristeel Announces Call of Debentures
Aug. 9, 2006 - Aug. 9, 2006 — Gerdau Ameristeel Corp. has sent a notice to redeem all outstanding 6.50% conver

Manitoba Steelworkers Ratify Agreement with Gerdau
Aug. 2, 2006 - Aug. 2, 2006 — Members of United Steelworkers (USW) Local 8740 at Gerdau Ameristeel's Manitoba

Gerdau Ameristeel Launches Rebar Corrosion Technology
Jun. 5, 2006 - June 5, 2006 — Gerdau Ameristeel Corp. is introducing a new patent-pending dual coating process

Steelworkers Plan Protest for Gerdau Ameristeel Shareholder Meeting
May 9, 2006 - May 9, 2006 — Steelworkers have announced they will protest Brazil-owned Gerdau-Ameristeel's labor relations and the impact on shareholders at the company's annual shareholders'

Gerdau Ameristeel Acquires Fargo Iron and Metal Company
Mar. 24, 2006 - March 24, 2006 — Gerdau Ameristeel has acquired Fargo Iron and Metal Co., headquartered in Fargo, N.D. Terms of the transaction were not disclosed. "The Fargo Iron o

Gerdau Ameristeel Purchases Callaway Building Products
Mar. 15, 2006 - March 15, 2006 — Gerdau Ameristeel has acquired the assets of Callaway Building Products. Terms of the transaction were not disclosed. John Salsbery, former President of

Gerdau Ameristeel Announces New CEO
Jan. 20, 2006 - Jan. 20, 2006 — Gerdau Ameristeel announced that Mario Longhi has assu

Gerdau Ameristeel Announces Leadership Changes
Jan. 16, 2006 - Jan. 16, 2006 — Gerdau Ameristeel Corp. announced that Andre Johannpeter

ITC Votes to End Cases on Steel Wire Rod Imports from China, Germany and Turkey
Dec. 27, 2005 - The United States International Trade Commission (ITC) has failed to find a reasonable indication of real or threatened injury to a U.S. industry in regards to carbon and alloy steel wire rod imported from China, Germany, and Turkey that are allegedly sold in the United States at less than fair value.

Gerdau Ameristeel to Resume Normal Operations at Beaumont Mill
Nov. 30, 2005 - Gerdau Ameristeel announced that it will resume normal operations at its steel wire rod mill in Beaumont, Texas, on December 12, 2005.

Concast to Modernize Gerdau Ameristeel's Whitby Caster
Nov. 15, 2005 - Concast AG, Switzerland, and its subsidiary Concast America Inc., Pittsburgh, have been awarded a major contract from Gerdau Ameristeel to modernize its five-strand 26-foot radius billet caster in Whitby, Ont., Canada.

Domestic Wire Rod Producers File Unfair Trade Cases Filed
Nov. 11, 2005 - Five domestic producers of carbon and alloy steel wire rod have filed antidumping duty petitions charging that dumped wire rod imports from P.R. China, Germany and Turkey cause material injury to the domestic industry. The petitioners allege antidumping margins of 330% for P.R. China, 42 to 82% for Germany, and 31 to 78% for Turkey.

Gerdau Ameristeel Reports 3rd Quarter Results
Nov. 8, 2005 - Gerdau Ameristeel Corp. reported net income of $62.2 million on net sales of $999.3 million for the quarter and net income of $215.1 million on net sales of $3.0 billion, for the nine months ended September 30, 2005.

Gerdau Ameristeel Amends Credit Facility
Nov. 2, 2005 - Gerdau Ameristeel Corp. has amended and restated its existing senior secured revolving credit facility.

Danieli to Upgrade Bar Finishing Line at Gerdau Riograndense
Nov. 1, 2005 - Gerdau Riograndense, Brazil, recently awarded an order to Danieli Morgårdshammar to upgrade its bar and light section rolling mill.

Gerdau Ameristeel Adds Moré Catfis Manipulator to Charlotte EAF
Oct. 6, 2005 - Gerdau Ameristeel recently started up a new Catfis automatic temperature/sampling EAF manipulator at its Charlotte facility.

Gerdau AmeriSteel Reports 2nd Quarter Results
Aug. 5, 2005 - Gerdau AmeriSteel Corp. reported net income of $74.3 million on net sales of $961.1 million for the quarter and net income of $152.9 million on net sales of $2.0 billion for the six months ended June 30, 2005.

Gerdau AmeriSteel Announces New President
Jun. 1, 2005 - Gerdau AmeriSteel’s Board of Directors announced the appointment of Mario Longhi to assume the position of President, effective immediately.

Operations Halted at Gerdau Ameristeel Facility Pending Labor Agreement
May 27, 2005 - Gerdau Ameristeel ceased operations at its Beaumont, Texas, mill in an effort to encourage the United Steelworkers of America (USWA) labor union to act on the company's "last, best and final" agreement offer presented to the union committee on May 9, 2005.

Gerdau Ameristeel Steelworkers Ratify Labor Agreement in Cambridge
May 20, 2005 - Gerdau Ameristeel Corp. has reached agreement on a four-year contract with the United Steelworkers Local 8918 members at its steel mill in Cambridge, Ont.

Gerdau Ameristeel Announces 1st Quarter Results
May 4, 2005 - Gerdau Ameristeel Corp. reported net income of $78.6 million* on net sales of $1.0 billion for the three months ended March 31, 2005.

Gerdau Ameristeel to Recycle Scrap Tires Using Stebbing Process
May 4, 2005 - Gerdau Ameristeel Corp. has acquired a non-exclusive license to use the patented Stebbing Engineering Scrap Tire Process in its steel minimills.

CCR Technologies Completes Caster Upgrade at Nucor Auburn
Apr. 13, 2005 - CCR Technologies Inc. recently completed modernization of Nucor Steel Auburn’s continuous billet caster. CCR’s scope of supply comprised all equipment beyond the CCR straighteners.

SMS Demag to Supply Bloom/Beam Blank Caster for Gerdau Acominas
Apr. 1, 2005 - Gerdau Açominas, Brazil, has awarded a contract to SMS Demag Inc., Pittsburgh, and SMS Demag Ltda., Brazil, to supply a combination bloom/beam blank casting machine, ladle rinsing station and water treatment facility.

Gerdau Ameristeel Announces New Vice President and General Counsel
Feb. 16, 2005 - Gerdau Ameristeel Corp. announced that Robert E. Lewis has joined Gerdau Ameristeel as Vice President and General Counsel. Mr. Lewis will also serve as Corporate Secretary for the company’s Board of Directors.

Gerdau Ameristeel Announces 2004 Results
Feb. 2, 2005 - Gerdau Ameristeel Corp. reported net income of $66.4 million on net sales of $849 million for the fourth quarter, and net income of $337.7 million on net sales of $3.0 billion for the full year ended December 31, 2004.

Gerdau-Ameristeel Selects Quad's [QMOS] System as Level-2 System for all Facilities
Jan. 27, 2005 - Gerdau-Ameristeel has chosen the [QMOS] Level-2 System from Quad Infotech Inc. to be implemented at its 16 rolling mills and 13 meltshops across North America.

Danieli to Upgrade Gerdau Ameristeel Finishing Facilities at Whitby, Cartersville
Jan. 18, 2005 - Gerdau Ameristeel Corp. recently awarded Danieli Morgårdshammar contracts to upgrade and modernize its Whitby, Ont., and Cartersville, Ga., facilities.

Gerdau Ameristeel Underwriters Exercise Over-Allotment Option
Nov. 19, 2004 - Gerdau Ameristeel Corp. announced that underwriters of the company’s recent public offering of common shares have exercised their over-allotment option to purchase an additional 4,381,000 common shares of Gerdau Ameristeel at the initial public offering price of Cdn. $5.90 per share.

Gerdau Ameristeel Announces 3rd Quarter Results
Nov. 3, 2004 - Gerdau Ameristeel Corp. reported net income of $144.3 million on net sales of $807.9 million for the quarter, and net income of $271.3 million on net sales of $2.2 billion for the nine months ended September 30, 2003.

Gerdau Ameristeel Closes North Star Steel Acquisition
Nov. 2, 2004 - Gerdau Ameristeel Corp. has completed its acquisition of the North Star Steel assets from Cargill, Inc. The deal includes the fixed assets and working capital of four long steel product minimills in St. Paul, Minn.; Wilton, Iowa; Calvert City, Ky.; and Beaumont, Texas; three wire rod processing facilities in Beaumont, Texas; Carrollton, Texas; and Memphis, Tenn.; and a grinding ball facility in Duluth, Minn. Integration of these operations will provide Gerdau Ameristeel's customers with expanded geographical coverage and a broader range of products.

Gerdau Ameristeel to Purchase Gate City Steel and RJ Rebar
Oct. 29, 2004 - Gerdau Ameristeel has entered into an agreement to purchase substantially all the assets of Gate City Steel, Inc. and RJ Rebar, Inc., headquartered in Indianapolis, Ind.

Gerdau Ameristeel Closes Offering of 70,000,000 Common Shares
Oct. 21, 2004 - Gerdau Ameristeel Corp. announced completion of its offering of 70 million common shares.

Gerdau Ameristeel Prices Offering of Common Shares
Oct. 18, 2004 - Gerdau Ameristeel Corp. announced that its registration statement has become effective under the U.S. Securities Act of 1933 and that it has obtained a receipt for a final prospectus from Canadian securities regulatory authorities in connection with its offering of 70 million common shares.

Gerdau Ameristeel Files Prospectus for Share Offering
Oct. 6, 2004 - Gerdau Ameristeel Corp. has filed a preliminary short form prospectus with the securities regulatory authorities in all provinces and territories of Canada, and a registration statement on Form F-10 with the United States Securities and Exchange Commission, for a proposed offering in the United States and Canada of 70 million of its common shares.

Gerdau AmeriSteel to Install JetBOx Technology on Consteel EAF
Oct. 5, 2004 - Gerdau AmeriSteel has awarded a contract to Process Technology International, Inc. (PTI) to install PTI’s patented JetBOx™ system on the 75-ton Consteel AC EAF at the company’s Charlotte, N.C., mill.

Gerdau Ameristeel to Acquire North Star Steel Assets
Sep. 10, 2004 - Gerdau Ameristeel Corp. announced that its U.S. operating subsidiary, Gerdau Ameristeel US Inc., has entered into definitive agreements with Cargill, Inc. to purchase the fixed assets and working capital of North Star Steel for $266 million in cash. The purchase price is subject to adjustment for working capital fluctuations prior to the closing date.

Gerdau Ameristeel Appoints Raw Materials Vice President
Aug. 18, 2004 - Gerdau Ameristeel Corp. recently announced the appointment of Matthew Yeatman as Vice President—Raw Materials.

Gerdau Ameristeel Announces 2nd Quarter Results
Aug. 4, 2004 - Gerdau Ameristeel Corp. reported net income of $105.5 million on net sales of $733.8 million for the quarter, and net income of $127.0 million on net sales of $1,352.7 million for the six months ended June 30, 2004.

Gerdau Ameristeel Appoints Chief Operating Officer
Jul. 27, 2004 - Gerdau Ameristeel Corp. announced the appointment of Andre Johannpeter as Chief Operating Officer. In his new position, Mr. Johannpeter will be responsible for all North American consolidated steel manufacturing and commercial operations, as well as raw materials procurement.

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