Gerdau Ameristeel Appoints Rick J. Mills to Board of Directors



    TAMPA, FL, July 18 /CNW/ - Gerdau Ameristeel (TMX: GNA, NYSE:   GNA), a
leading mini-mill steel producer, today announced the appointment of Rick J.
Mills, former Corporate Vice President of Cummins, Inc., to its Board of
Directors. With more than 30 years of experience in global business
development within the manufacturing industry, Mills' broad experience in
corporate finance, accounting and global management will provide strategic
depth to Gerdau Ameristeel's Board of Directors, which now consists of eleven
members.
    "As Gerdau Ameristeel continues to expand and consolidate the North
American steel industry, Rick Mills' extensive experience will provide
valuable insight to the continued growth of our company," said Mario Longhi,
President and Chief Executive Officer, Gerdau Ameristeel.
    Mills joined Cummins, Inc., the world's leader in the manufacture of
large diesel engines, in 1970 and has served in various senior executive
positions most recently as a Corporate Vice President for Cummins, Inc. from
1996 until his retirement in May of this year. He also serves on the Boards of
Directors of Rohm and Haas Company and Flowserve, Inc.

    About Gerdau Ameristeel

    Gerdau Ameristeel is the second largest mini-mill steel producer in North
America with an annual manufacturing capacity of approximately 12 million tons
of mill finished steel products. Through its vertically integrated network of
19 mini-mills (including one 50%-owned joint venture mini-mill), 19 scrap
recycling facilities and 68 downstream operations, Gerdau Ameristeel serves
customers throughout the United States and Canada. The Company's products are
generally sold to steel service centers, to steel fabricators, or directly to
original equipment manufacturers ("OEMs") 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 common shares are traded on the New York Stock Exchange and the
Toronto Stock Exchange under the symbol GNA.

    %SEDAR: 00000593E




For further information:

For further information: Media Contact: Steven Hendricks, External
Communications, (813) 319-4858, sthendricks@gerdauameristeel.com

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GERDAU AMERISTEEL CORPORATION

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