- 2008 Second Quarter results to be released before markets open on

Wednesday, August 6, 2008 -

TAMPA, FL, July 17 /CNW/ - Gerdau Ameristeel Corporation (NYSE: GNA) (TMX: GNA) will host a conference call to discuss its 2008 second quarter financial results for the three-month period ending June 30, 2008. The Company invites all interested parties to participate.

DATE:              Wednesday, August 6, 2008
TIME:              3:00 p.m., Eastern Time. Please call in 15 minutes
                   prior to start time to secure a line.
DIAL-IN NUMBER:    416-644-3423 or 1-800-595-8550
REFERENCE NUMBER:  21278270 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
                   Wednesday, August 13, 2008 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), 19 scrap recycling facilities and 68 downstream operations, Gerdau Ameristeel serves customers throughout United States and Canada. The company's products are generally sold to steel service centers, steel fabricators, or directly to original equipment manufactures ("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 common shares are traded on the New York Exchange, and the Toronto Stock Exchange under the symbol GNA.