Gerdau Ameristeel Announces Details of Annual and Special Meeting of Shareholders

TAMPA, FL, May 4 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that its Annual and Special Meeting of Shareholders will be held on Wednesday, May 12, 2010 at 9:30 a.m. ET at The St. Andrew's Club and Conference Centre, 150 King Street West, 27th Floor, Toronto, Ontario.

The presentation will be webcast live. To access the webcast go to:

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3065920 or www.gerdauameristeel.com.

Please connect at least 15 minutes prior to the start of the webcast to ensure adequate time for any software download that may be required. An archived replay will be available for 365 days.

About Gerdau Ameristeel

Gerdau Ameristeel is the second largest mini-mill steel producer in North America, with annual manufacturing capacity of approximately 12 million tons of mill finished steel products. Through its vertically integrated network of mini-mills, scrap recycling facilities and downstream operations, Gerdau Ameristeel serves customers throughout the United States and Canada. The Company's products are generally sold to steel service centers, steel fabricators, or directly to original equipment manufacturers for use in a variety of industries, including non-residential, infrastructure, commercial, industrial and residential construction, metal building, manufacturing, automotive, mining, cellular and electrical transmission and equipment manufacturing. Gerdau Ameristeel's majority shareholder is the Gerdau Group, a 100+ year old steel company, the leading company in the production of long steel in the Americas and one of the major specialty long steel suppliers in the world. Gerdau Ameristeel's common shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol GNA.

SOURCE Gerdau Ameristeel Corporation

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