Gerdau Long Steel North America
Gerdau Long Steel North America is a leader in mini-mill steel production and steel recycling in North America, with an annual manufacturing capacity of approximately 10 million metric tons of mill finished steel products. Through a vertically integrated network of mini-mills, scrap recycling facilities and downstream operations, the company serves customers throughout the U.S. and Canada, offering a diverse and balanced product mix of merchant steel, rebar, structural shapes, fabricated steel, flat rolled steel and wire rod.
Latest News
Gerdau Ameristeel Shareholders Approve Gerdau’s Acquisition of Remaining Shares
25 August 2010 - Gerdau Ameristeel's shareholders approve Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel for US$11.00 in cash per common share. Once completed, the deal will make Gerdau Ameristeel a wholly owned subsidiary of Gerdau.
Gerdau Ameristeel Reports Profit for 2nd Consecutive Quarter
06 August 2010 - Gerdau Ameristeel reported net income of $46.7 million on net sales of $1.3 billion for the second quarter, and net income of $71.9 million on net sales of $2.5 billion for the six months ended June 30, 2010.
Gerdau, Gerdau Ameristeel Enter Arrangement Agreement
06 July 2010 - Gerdau Ameristeel and Gerdau SA enter into a definitive arrangement agreement to implement their proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share. If approved by shareholders, the transaction is expected to be completed in August 2010.
Gerdau S.A. Proposes to Acquire Minority Shares in Gerdau Ameristeel
03 June 2010 - Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all shares of Gerdau Ameristeel Corp. that it does not already own for US$11.00 cash per share. The Board has unanimously determined that it would support a transaction at the price, subject to finalization of definitive documentation for the transaction.
Gerdau Ameristeel Announces Departure of Chief Operating Officer
17 May 2010 - Gerdau Ameristeel announces that Vice President and Chief Operating OfficerTerry K. Sutter will be leaving the company for personal reasons, effective May 21, 2010.
Gerdau Ameristeel Reports 1st Quarter Profit
07 May 2010 - Gerdau Ameristeel Corp. reported net income of $25.2 million on net sales of $1.1 billion for the three months ended March 31, 2010.
Gerdau Ameristeel Reports 2009 4th Quarter, Year-End Results
26 February 2010 - Gerdau Ameristeel reported a net loss of $46.1 million on net sales of $1.0 billion for the fourth quarter and a net loss of $161.7 million on net sales of $4.2 billion for the year ended December 31, 2009.
Gerdau Ameristeel Defers Early Adoption of International Financial Reporting Standards
11 January 2010 - Gerdau Ameristeel will defer early adoption of IFRS until periods beginning on or after January 1, 2010.
Gerdau Ameristeel Sand Springs Mill to Remain Idled
08 January 2010 - Gerdau Ameristeel will continue the idling of its Sand Springs steel mill for the foreseeable future, despite a comprehensive proposal from the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's Sand Springs steel mill.
Gerdau Ameristeel Announces $610 Million Refinancing
30 November 2009 - Gerdau Ameristeel enters into a loan agreement to borrow $610 million on arm's length terms from Gerdau Holdings, a subsidiary of Gerdau S.A.
Gerdau Ameristeel Reports Net Loss in 3Q
09 November 2009 - Gerdau Ameristeel reports a net loss of $25.4 million for the three months ended September 30, compared to net income of $316.9 million for the same period in 2008.For the nine-month period, the company incurred a net loss of $115.6 million compared to net income of $742.0 million a year ago.
Gerdau Ameristeel Reaches Idling Agreement with USW
31 August 2009 - Gerdau Ameristeel has reached agreement with the United Steel Workers regarding the suspension of production at its Sand Springs, Okla., steel mill. Production will wind down over the next several weeks.
Gerdau Ameristeel Reports 2009 2nd Quarter Results
10 August 2009 - Gerdau Ameristeel reports a net loss of $57.6 million on net sales of $1.0 billion for the second quarter, and a net loss of $90.3 million on net sales of $2.1 billion for the six months ended June 30, 2009.
Gerdau Ameristeel to Redeem 10 3/8% Senior Notes due at 2011
20 July 2009 - Gerdau Ameristeel announces its intentions to fully redeem its $405 million 10 3/8% Senior Notes due 2011 on August 31, 2009.
L.B. Foster to Deliver Gerdau Ameristeel Sheet Piling for New Orleans Flood Walls
20 July 2009 - L.B. Foster will provide steel sheet piling manufactured by Gerdau Ameristeel to the U.S. Army Corps of Engineers for construction of T-wall type flood walls in the New Orleans area.
Gerdau Ameristeel Amends Term Loan Covenants
23 June 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.
Gerdau Ameristeel to Idle Sayreville Plant, Close Perth Amboy Rolling Mill
09 June 2009 - Gerdau Ameristeel is suspending production at its Sayreville, N.J., steel mill and closing its rolling mill in neighboring Perth Amboy, N.J., and has also entered discussions with the USW regarding the potential closure of its Sand Springs, Okla., steel mill.
Workers Go on Strike at Gerdau Ameristeel Cambridge
22 May 2009 - Nearly 200 United Steelworkers are now on strike after rejecting Gerdau Ameristeel’s final offer for a new collective agreement at the company’s Cambridge, Ont., plant.
Gerdau Ameristeel Reports Loss for 2009 First Quarter
08 May 2009 - Gerdau Ameristeel reports a net loss of $32.7 million on net sales of $1.0 billion for the three months ended March 31, 2009.
Gerdau Ameristeel Starts up Pneumatic Injection System at Jacksonville EAF
06 May 2009 - Gerdau Ameristeel starts up an additional pneumatic dolo-lime injection system from MORE at its 90-ton Jacksonville EAF.
