Notice of Gerdau Ameristeel 2008 Year End conference call

    - 2008 Year End results to be released before markets open on
    Thursday, February 19th, 2009 -

    TAMPA, FL, Feb. 16 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA)
(TMX: GNA) will host a conference call to discuss its 2008 Year End financial
results for the twelve month period ending December 31, 2008. The Company
invites all interested parties to participate.

    DATE:               Thursday, February 19, 2009

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

    DIAL-IN NUMBER:     416-644-3416 or 1-800-732-6179

    REFERENCE NUMBER:   21296114 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
                        Thursday, February 26, 2009 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), 23 scrap
recycling facilities and 61 downstream operations, Gerdau Ameristeel serves
customers throughout the United States and Canada. The company's products are
generally sold to steel service centers, steel producers, or directly to
original equipment manufacturers ("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 majority shareholder is the Gerdau Group, a 100+ year old steel
company, the largest producer of long steel products in the Americas and the
world leader in specialty long steel for the automotive industry. Gerdau
Ameristeel's common shares are traded on the New York Stock Exchange, and the
Toronto Stock Exchange under the ticker symbol GNA.

For further information:

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

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