Notice of Gerdau Ameristeel 2009 first quarter conference call

    - 2009 first quarter results to be released before markets open on
    Thursday, May 7, 2009 -

    TAMPA, FL, April 28 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA)
(TMX: GNA) will host a conference call to discuss its 2009 first quarter
financial results for the three-month period ending March 31, 2009. The
Company invites all interested parties to participate.

    DATE:              Thursday, May 7, 2009

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

    DIAL-IN NUMBER:    416-644-3433 or 1-800-814-4861

    REFERENCE NUMBER:  21304888 followed by the number sign

    LIVE WEBCAST: Please connect to this
                       website 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, May 14, 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 60 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: please contact: Barbara Smith, Vice President
and Chief Financial Officer, (813) 319-4324,

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