TAMPA, FL, May 29 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation(NYSE: GNA; TSX: GNA) announces that Mario Longhi, President and ChiefExecutive Officer, and Barbara Smith, Vice President and Chief FinancialOfficer, will present at the JPMorgan Third Annual Basics & IndustrialsConference at the Sheraton New York Hotel & Towers in New York City. Gerdau'spresentation will take place on Tuesday, June 3, 2008 at 9:00 am Eastern Time.

Gerdau's presentation will be webcast live. To access the webcast go to:

http://metameetings.com/webcasts/jpmorgan/basicsandindustrials08/directlink?ticker=GNA

About Gerdau Ameristeel

Gerdau Ameristeel is the second largest mini-mill steel producer in NorthAmerica with an annual manufacturing capacity of approximately 12 million tonsof mill finished steel products. Through its vertically integrated network of19 mini-mills (including one 50%-owned joint venture mini-mill), 19 scraprecycling facilities and 65 downstream operations, Gerdau Ameristeel servescustomers throughout the United States and Canada. The Company's products aregenerally sold to steel service centers, to steel fabricators, or directly tooriginal equipment manufacturers ('OEMs') for use in a variety of industries,including non-residential, infrastructure, commercial, industrial andresidential construction, metal building, manufacturing, automotive, mining,cellular and electrical transmission and equipment manufacturing. GerdauAmeristeel's common shares are traded on the New York Stock Exchange and theToronto Stock Exchange under the symbol GNA.

SOURCE Gerdau Ameristeel Corporation