2/16/2009
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 /PRNewswire-FirstCall/ - 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:       www.gerdauameristeel.com. 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.

SOURCE  Gerdau Ameristeel Corporation

    -0-                           02/16/2009
    /CONTACT:  Barbara Smith, Vice President and Chief Financial Officer,
(813) 319-4324, basmith@gerdauameristeel.com/
    (GNA. GNA)
CO:  Gerdau Ameristeel Corporation

ST:  Ontario
IN:  MNG
SU:  CCA
PR
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