Gerdau Ameristeel to present at the 2007 JPMorgan Basics & Industrials Conference

    TAMPA, FL, June 11 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA; TSX:
GNA.TO), announces that it will present at the 2007 JPMorgan Basics &
Industrials Conference at the Sheraton NY Hotel and Towers in New York.
Gerdau's presentation will take place on Monday, June 11 at 3:15 p.m. eastern

    Gerdau's presentation will be webcast live. To access the webcast, go to:

    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

For further information:

For further information: Investor Relations: Barbara R. Smith, Vice
President and Chief Financial Officer, Gerdau Ameristeel, (813) 319-4324,; Media: Steven Hendricks, Director, Corp
Communications & Public Affairs, Gerdau Ameristeel, (813) 319-4856,

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