Gerdau Ameristeel Announces New COO



    New COO assumes key leadership position with North America based steel
    company

    TAMPA, FL, June 6 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA;
TSX: GNA.TO) announced today the appointment of Terry Sutter as Vice
President, Chief Operating Officer, effective Monday, June 11, 2007, reporting
to the President and CEO, Mario Longhi. In assuming the COO executive
position, Sutter will be responsible for all the company's steel manufacturing
and commercial operations, as well as procurement and logistics.
    Sutter joins Gerdau Ameristeel with more than 20 years of experience in
international and North American manufacturing operations with such companies
as Honeywell/Allied Signal, Inc., Cytec Industries, and Tyco International.
Prior to joining Gerdau Ameristeel, Sutter was President of Plastics and
Adhesives for Tyco International and was subsequently named President and CEO
of Covalence Specialty Materials Corp., a successor company of Tyco Plastics
and Adhesives, after its divestiture to Apollo Management, a private equity
firm.
    "Terry's exceptional operational experience will enhance Gerdau
Ameristeel's operations and will help the company drive productivity growth,
said Mario Longhi, President and CEO of Gerdau Ameristeel.
    Sutter has an M.B.A. degree from the University of Chicago's Graduate
School of Business, an M.S. degree in Chemical Engineering from Texas A&M
University, and a B.S. degree in chemical Engineering from the University of
Missouri.

    About Gerdau Ameristeel:

    Gerdau Ameristeel is the second largest mini-mill steel producers in 
North America with annual manufacturing capacity of more than 9 million tons
of mill finished steel products. Through its vertically integrated network of
17 mini-mills, 17 scrap recycling facilities and 51 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 construction, automotive, mining and cellular
and electrical transmission. It is found in bridges, highways, stadiums, and
commercial and apartment buildings. The common shares of Gerdau Ameristeel are
traded on the New York Exchange under the symbol GNA and on the Toronto Stock
Exchange under the symbol GNA.TO. For additional company information and
investor information, visit http://www.gerdauameristeel.com.

    %SEDAR: 00000593E




For further information:

For further information: Media Contact: Steven Hendricks, Corporate
Communications, (813) 286-8383

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GERDAU AMERISTEEL CORPORATION

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