Notice of Gerdau Ameristeel 2008 Second Quarter conference call

    - 2008 Second Quarter results to be released before markets open on
    Wednesday, August 6, 2008 -

    TAMPA, FL, July 17 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA)
(TMX: GNA) will host a conference call to discuss its 2008 second quarter
financial results for the three-month period ending June 30, 2008. The Company
invites all interested parties to participate.

    DATE:              Wednesday, August 6, 2008

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

    DIAL-IN NUMBER:    416-644-3423 or 1-800-595-8550

    REFERENCE NUMBER:  21278270 followed by the number sign

    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
                       Wednesday, August 13, 2008 at midnight.

    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 mini-mill 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 mini-mills (including one 50% owned joint venture mini-mill), 19 scrap
recycling facilities and 68 downstream operations, Gerdau Ameristeel serves
customers throughout United States and Canada. The company's products are
generally sold to steel service centers, steel fabricators, or directly to
original equipment manufactures ("OEMs") 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. Gerdau
Ameristeel's common shares are traded on the New York Exchange, and the
Toronto Stock Exchange under the symbol GNA.

For further information:

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

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