Gerdau Ameristeel to Present at the Goldman Sachs Third Annual Global Steel CEO Forum

    TAMPA, FL, Dec. 4 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA; TSX:
GNA) announces that Terry Sutter, COO, will present at the Third Annual Global
Steel CEO Forum at the Goldman Sachs Conference Center in New York. Gerdau's
presentation will take place on Wednesday, December 5, 2007, at 8:45 a.m.
(Eastern Time).

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

    About Gerdau Ameristeel

    Gerdau Ameristeel is the second largest minimill steel producer in North
America with annual manufacturing capacity of approximately 11.7 million tons
of mill finished steel products. Through its vertically integrated network of
19 minimills (including one 50%-owned joint venture minimill), 19 scrap
recycling facilities and 62 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. The common shares of
Gerdau Ameristeel are traded on the New York Stock Exchange and the Toronto
Stock Exchange under the symbol GNA.

    Gerdau Ameristeel is approximately 66.5% owned by Gerdau S.A.

For further information:

For further information: Vice President, Finance and Chief Financial
Officer, Barbara R. Smith, (813) 319-4324,

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