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Latest Gerdau Stories

2010-08-06 07:30:00

TAMPA, FL, Aug. 6 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA, TSX: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced today that, as of August 5, 2010, more than 66 2/3% of the votes cast to date by all Gerdau Ameristeel shareholders and more than a majority of the votes cast to date by the minority shareholders have been voted in favour of the proposed acquisition by Gerdau S.A. of the common shares of Gerdau Ameristeel that it does not already...

2010-08-05 09:58:00

SAO PAULO, Aug. 5 /PRNewswire-FirstCall/ -- 2nd quarter of 2010 Highlights Shipments reached 4.4 million tonnes in the 2Q10, 30% higher than in the 2Q09, mainly due to a recovery on shipments in Brazil and Specialty Steel business operations. Net Sales reached R$ 8.3 billion in the 2Q10, 30% more than 2Q09, as a result of higher shipments. 2Q10 EBITDA reached R$ 1.7 billion, compared to R$ 595 million in 2Q09. The EBITDA margin reached 21% in the 2Q10, compared to 9% in the 2Q09. Net...

2010-08-05 07:30:00

TAMPA, FL, Aug. 5 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) today reported net income of $46.7 million ($0.11 per share diluted) for the three months ended June 30, 2010, in comparison to a net loss of $52.4 million ($0.12 per share) for the three months ended June 30, 2009 and net income of $25.2 million ($0.06 per share diluted) for the three months ended March 31, 2010. The Company has adopted International Financial Reporting Standards ("IFRS"), as...

2010-07-28 16:00:00

TAMPA, FL, July 28 /PRNewswire-FirstCall/ - Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) and Gerdau Ameristeel Corporation (NYSE: GNA, TSX: GNA) announced today that both ISS Proxy Advisory Services (ISS) and Glass Lewis & Co., leading proxy advisory firms who provide advice and voting recommendations to shareholders, have each published a report recommending that their subscribers vote "FOR" the resolution approving the plan of arrangement between Gerdau S.A. and Gerdau...

2010-07-27 07:30:00

2010 second quarter results to be released before markets open on Thursday, August 5, 2010 TAMPA, FL, July 27 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA) (TSX: GNA) will host a conference call to discuss its 2010 second quarter financial results for the three-month period ending June 30, 2010. The Company invites all interested parties to participate. DATE: Thursday, August 5, 2010 TIME: 2:30 p.m., Eastern Time. Please call in...

2010-07-13 10:01:00

PITTSBURGH, July 13 /PRNewswire-FirstCall/ -- Pittsburgh, PA-based L.B. Foster Company (Nasdaq: FSTR) has been awarded a $4.7 million contract to provide PZC sheet piling to Balfour Beatty Infrastructure of Fairfield, CA for use in phase II of the construction of the Red Bluff Fish Passage Improvement Project. PZC 28 sections will form a permanent structure within the U.S. Bureau of Reclamation's Red Bluff Diversion Dam complex on the Sacramento River. Balfour Beatty is building a 1,118...

2010-06-30 08:23:00

SAO PAULO, June 30 /PRNewswire-FirstCall/ -- Gerdau S.A. (NYSE: GGB; Bovespa: GGBR3, GGBR4; Latibex: XGGB) and Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that they have entered into a definitive arrangement agreement to implement the previously announced (on June 2, 2010) proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share. Additional Information To access this document, please click on...

2010-06-30 07:00:00

TAMPA, FL, June 30 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (TSX: GNA, NYSE: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced today that they have entered into a definitive arrangement agreement to implement the previously announced (on June 2, 2010) proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share. The transaction, which values Gerdau Ameristeel's publicly held shares at US$1.6 billion, will be implemented by way of...

2010-06-07 17:32:00

SAO PAULO, Brazil, June 7 /PRNewswire-FirstCall/ -- GERDAU S.A. announces that the Form 20-F related to the fiscal year ended December 31, 2009 was filed with the U.S. Securities and Exchange Commission (SEC) and the Securities and Exchange Commission of Brazil (CVM) and is available at the Company's Investor Relations Website (www.gerdau.com/investidores). Shareholders may request a free copy of the Form 20-F from the IR team by sending an email to inform@gerdau.com.br or by calling +55...

2010-06-02 07:30:00

(Note: all dollar amounts in this press release are expressed in United States dollars) TAMPA, FL, June 2 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA, TSX: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced today that Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all of the shares of Gerdau Ameristeel Corporation that Gerdau S.A. does not already own for US$11.00 cash per share. This proposal values...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'