Gerdau Ameristeel to Present at the Goldman Sachs Fifth Annual Global Steel
Conference

TAMPA , FL, Nov. 30 /CNW/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announces that Mario Longhi , President and Chief Executive Officer, will present at the Goldman Sachs Fifth Annual Global Steel Conference. Gerdau's presentation will take place on Thursday, December 3, 2009 at 9:30 am Eastern Time .

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

http://cc.talkpoint.com/gold006/120209a_mg/?entity=2_JYGK8JP

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 mini-mills, scrap recycling facilities, and downstream operations, Gerdau Ameristeel serves customers throughout the United States and Canada . The Company's products are generally sold to steel service centers, steel fabricators, 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 leading company in the production of long steel in the Americas and one of the major specialty long steel suppliers in the world. 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: Investor Relations Contact, Barbara R. Smith, Vice President Finance and Chief Financial Officer, Gerdau Ameristeel, [phone], [email protected]