About Gerdau Ameristeel

Gerdau Ameristeel is the second largest steel mini-mill producer and steel recycler in North America.

For more than 60 years, our steel has shaped the skylines of North America and helped build its infrastructure. This tradition will continue by remaining focused on innovative steel products, people, and services.

With more than 11,000 employees operating from 102 facilities, Gerdau Ameristeel has finished steel capacity of twelve million tons and 2008 annual revenues of approximately $8.5 billion. Through its 19 mini-mills (including one 50% owned joint venture), 23 scrap operations and 60 downstream operations, Gerdau Ameristeel's vertically integrated operations deliver a diverse and balanced product mix of merchant steel, fabricated steel, flat rolled steel and wire rod.

Our position as a part of the Gerdau Group - the world's 11th largest steel company, based in Brazil - gives us unique stability and strength in a highly cyclical industry. By investing in people, processes, and technology, we are prepared for the changes that will inevitably occur in this dynamic global environment.

In addition to the strong financial base that Gerdau S.A. provides, the mutually beneficial exchange of operating, engineering, financial and marketing skills and cultures strengthens both the Gerdau Ameristeel and Gerdau S.A. teams.

Gerdau Ameristeel's track record of profitability, growth and customer preference is made possible by its world-class team of people who are guided by a set of core values that include safety, integrity, engagement, open communication, community and environmental awareness.

Through an extensive network of locations, Gerdau Ameristeel has the product breadth, geographic reach and service offerings required by our customers. We lead the field in meeting the high-quality product standards that our customers demand of us and that we demand of ourselves.

No matter what economic circumstance exists, we will remain focused on our vision of being recognized as the most successful company in the steel industry.

About Gerdau S.A.

The Gerdau Group is the largest producer of long steel in the Americas, with mills in Brazil, Argentina, Canada, Chile, Colombia, the United States, Peru, Uruguay. It also holds 40% stake in the Spanish company Sidenor. Currently, Gerdau has an installed capacity of 19.1 million metric tons of steel per year.

Gerdau has been part of Brazil's economic development for 105 years, growing out of the Pontas de Paris Nail Factory in Porto Alegre, state of Rio Grande do Sul.

For more information, please visit www.gerdau.com