Notice of Gerdau Ameristeel 2007 First Quarter conference call

    - 2007 First Quarter results to be released before markets open on
    Thursday, May 3, 2007 -

    TAMPA, FL, April 18 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA)
(TSX: GNA.TO) will host a conference call to discuss its 2007 first quarter
financial results for the period ending March 31, 2007. The Company invites
all interested parties to participate.

    DATE:              Thursday, May 3, 2007

    TIME:              3:00 p.m., Eastern Time. Please call in 15 minutes
                       prior to start time to secure a line.

    DIAL-IN NUMBER:    416-644-3414 or 1-800-732-9307

    REFERENCE NUMBER:  21226693

    LIVE WEBCAST: Please connect to this Web
                       site at least 15 minutes prior to the conference call
                       to ensure adequate time for any software download that
                       may be needed to hear the webcast.

    TAPED REPLAY:      416-640-1917 or 1-877-289-8525
                       Available until May 10, 2007 at midnight.

    Mario Longhi, President and CEO of Gerdau Ameristeel, and Tom Landa, CFO,
will co-chair the call. A question-and-answer session will follow, at which
time the operator will direct participants as to the correct procedure for
submitting questions.
    A live audio webcast of the call will be available at Webcast attendees are welcome to listen to the
conference in real-time or on-demand for 360 days.

    About Gerdau Ameristeel:

    Gerdau Ameristeel is the second largest mini-mill steel producer in North
America with annual manufacturing capacity of over 9.0 million tons of mill
finished steel products. Through its vertically integrated network of 17
mini-mills (including one 50% owned joint venture mini-mill), 17 scrap
recycling facilities and 51 downstream operations, Gerdau Ameristeel serves
customers throughout North America. 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,
cellular and electrical transmission, automotive, mining and equipment
manufacturing. 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.

For further information:

For further information: Tom J. Landa, Vice President and Chief
Financial Officer, Gerdau Ameristeel Corporation, (813) 207-2300,

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