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 Files Prospectus for Shares Offering
15 October 2007 - Gerdau Ameristeel files preliminary documents with relevant regulatory authorities in the U.S. and Canada for a proposed offering of 110 million of its common shares.
Gerdau Ameristeel Revises Financial Information Related to Subsidiary Guarantors
10 October 2007 - Gerdau Ameristeel announces revision of the footnote presentation of historical financial information related to its subsidiary guarantors.
Gerdau Ameristeel and USW Reach Agreement at Sand Springs, Calvert City
03 October 2007 - Gerdau Ameristeel reaches agreements with the United Steel Workers at the company's Sand Springs, Okla., and Calvert City, Ky., steel mills.
Gerdau Ameristeel Announces Acquisition of Enco Materials
02 October 2007 - Gerdau Ameristeel acquires Enco Materials, a Nashville-based supplier of fabricated products to the commercial construction market.
USW Members to Vote on Tentative Contracts at Gerdau’s Sand Springs and Calvert City Plants
01 October 2007 - Members of the United Steelworkers reach tentative agreements at Gerdau Ameristeel plants in Sand Springs, Okla., and Calvert City, Ky., with ratification votes scheduled for Friday and this Tuesday.
Gerdau Ameristeel Completes Chaparral Steel Acquisition
17 September 2007 - Gerdau Ameristeel completes its acquisition of Chaparral Steel, creating the second-largest structural steel producer in North America.
Chaparral Stockholders Approve Merger with Gerdau Ameristeel
13 September 2007 - In a special meeting held Wednesday, Chaparral Steel stockholders adopt the merger agreement for the company’s acquisition by Gerdau Ameristeel.
Mum’s the Word for Chaparral Steel Board
06 September 2007 - Chaparral Steel Board of Directors elects to express no opinion and remains neutral toward Gerdau Ameristeel’s August 30 offer to purchase any and all of Chaparral's outstanding 10% Senior Notes due 2013 and the related consent solicitation.
German Authorities Clear Acquisition of Chaparral
05 September 2007 - Federal Cartel Office of the Federal Republic of Germany clears the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.
Gerdau Ameristeel Acquisition of Chaparral Clears Another Hurdle
04 September 2007 - The Committee on Foreign Investment in the United States okays the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.
Gerdau Ameristeel Announces Revised Financing Commitment
31 August 2007 - Gerdau Ameristeel replaces a previously announced financing commitment intended to fund the company’s pending acquisition of Chaparral Steel with a firm commitment from ABN AMRO Bank NV, HSBC and J.P. Morgan Securities as Joint Lead Arrangers.
Waiting Period Passes for Chaparral-Gerdau Ameristeel Deal
24 August 2007 - Chaparral and Gerdau Ameristeel reach the end of their Hart-Scott-Rodino waiting period, satisfying one of the pre-conditions for consummation of their merger agreement.
Chaparral Steel Announces Special Meeting and Record Dates
10 August 2007 - Chaparral’s Board of Directors schedules a special meeting of shareholders to vote on the proposal to adopt the Agreement and Plan of Merger for Gerdau Ameristeel’s acquisition of Chaparral Steel for a cash consideration of U.S. $86 per share.
Gerdau Ameristeel Reports 2nd Quarter Results
09 August 2007 - Gerdau Ameristeel Corp. reported net income of $139.1 million on net sales of $1.3 billion for the second quarter, and net income of $272.7 million on net sales of $2.7 billion for the six months ended June 30, 2007.
Gerdau Ameristeel Steel Helps Support new Dallas Cowboys Stadium
01 August 2007 - Gerdau Ameristeel’s threadbar steel will play a key role in construction of the new Dallas Cowboys stadium, which will be the largest domed structure in the world when it is completed in 2009.
Gerdau Ameristeel to Acquire Chaparral Steel
11 July 2007 - Gerdau Ameristeel signs definitive merger agreement to acquire Chaparral Steel for US$86.00 per share in cash, valuing Chaparral Steel's equity at US$4.22 billion.
Pacific Coast Steel Acquires Las Vegas Contractor Business
15 June 2007 - Gerdau Ameristeel’s Pacific Coast Steel joint venture has agreed to purchase the assets of Valley Placers, a reinforcing steel contractor in Las Vegas that also operates a steel fabrication facility and retail construction supply business.
Gerdau Ameristeel Announces New COO
07 June 2007 - Gerdau Ameristeel announced the appointment of a new Vice President, Chief Operating Officer responsible for all the company's steel manufacturing and commercial operations, as well as procurement and logistics.
Gerdau Ameristeel Announces New CFO
25 May 2007 - Gerdau Ameristeel’s Tom J. Landa has announced his retirement as Vice President and Chief Financial Officer, effective July 31, 2007. He will be replaced by Barbara R. Smith, the company's Treasurer.
Steelworkers Ratify Agreement at Gerdau Ameristeel MRM
25 May 2007 - Members USW Local 5442 have ratified a new collective agreement with Gerdau Ameristeel MRM Special Sections that incorporates a wage-improvement plan with both cost-of-living and wage increases.
