Notice of Gerdau Ameristeel 2007 fourth quarter and year end conference call

    - 2007 Year End results to be released before markets open on Wednesday,
    February 13, 2008 -

    TAMPA, FL, Jan. 22 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA; TSX:
GNA) will host a conference call to discuss its 2007 fourth quarter and year
end financial results for the three- and twelve-month periods ended December
31, 2007. The Company invites all interested parties to participate.

    DATE:                 Wednesday, February 13, 2008

    TIME:                 2:00 p.m., Eastern Time. Please call in 15 minutes
                          prior to start time to secure a line.

    DIAL-IN NUMBER:       416-644-3416 or 1-800-732-9307

    REFERENCE NUMBER:     21260309

    LIVE WEBCAST: or Please
                          connect 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 Wednesday, February 20, 2008 at

    Mario Longhi, President and CEO of Gerdau Ameristeel, and Barbara Smith,
Vice President and 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.

    About Gerdau Ameristeel:

    Gerdau Ameristeel is the second largest minimill steel producer in North
America with annual manufacturing capacity of approximately 12 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. For additional investor information,

For further information:

For further information: Barbara Smith, Vice President and Chief
Financial Officer, Gerdau Ameristeel Corporation, (813) 319-4324,

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