Notice of Gerdau Ameristeel 2007 third quarter conference call

    - 2007 third quarter results to be released before markets open on
    Tuesday, November 6, 2007 -

    TAMPA, FL, Nov. 2 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA;
TSX: GNA) will host a conference call to discuss its 2007 third quarter
financial results for the period ending September 30, 2007. The Company
invites all interested parties to participate.

    DATE:              Tuesday, November 6, 2007

    TIME:              2:30 p.m., Eastern Time. Please call in 15 minutes
                       prior to start time to secure a line.

    DIAL-IN NUMBER:    416-644-3424 or 1-866-249-5221

    REFERENCE NUMBER:  21251346

                       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

    TAPED REPLAY:      416-640-1917 or 1-877-289-8525
                       Available until Tuesday, November 13, 2007 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 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, 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, visit

For further information:

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

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