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Latest Gerdau Stories

2010-01-08 15:10:00

TAMPA, FL, Jan. 8 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) (the "Company") today announced that it will defer the early adoption of International Financial Reporting Standards ("IFRS") until periods beginning on or after January 1, 2010. As previously disclosed in prior filings, the Company was contemplating either adopting IFRS for 2009 or deferring adoption until 2010. The Company has been granted approval by the Ontario Securities Commission to adopt...

2010-01-07 16:02:00

Decision comes after careful consideration of proposal from the State of Oklahoma and City of Sand Springs TAMPA, FL, Jan. 7 /PRNewswire-FirstCall/ - After careful evaluation of a comprehensive proposal submitted to Gerdau Ameristeel by the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's steel mill in Sand Springs, Oklahoma, Gerdau Ameristeel has decided to continue the idling of its Sand Springs steel mill for the foreseeable future. "We...

2009-12-21 17:00:00

TAMPA, FL, Dec. 21 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (the "Company") (NYSE: GNA; TSX: GNA) today announced that it entered into a new $650 million senior secured asset-based revolving credit facility. This facility replaces the Company's existing $950 million asset-based credit facility that would have matured in October 2010. The new facility is scheduled to mature on December 21, 2012 and is secured by the Company's cash, accounts receivable, inventory and other...

2009-11-30 15:23:00

TAMPA, FL, Nov. 30 /PRNewswire-FirstCall/ - 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...

2009-11-24 15:15:00

TAMPA, FL, Nov. 24 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (the "Company") (NYSE: GNA; TSX: GNA) today announced that the Company has entered into a loan agreement pursuant to which a wholly-owned subsidiary will borrow $610 million on arm's length terms from Gerdau Holdings Inc., a subsidiary of Gerdau S.A. The loan, which is expected to be funded on December 3, 2009, will be a senior, unsecured obligation of the obligors, will bear interest at 7.95% per annum, has no...

2009-11-05 07:26:00

RIO GRANDE DO SUL, Brazil, Nov. 5 /PRNewswire-FirstCall/ -- Gerdau S.A. (NYSE: GGB) announces consolidated information for the third quarter of 2009. 3rd quarter of 2009 Highlights Sales reached 3.9 million tonnes in the 3rd quarter of 2009, 15% higher than in the 2nd quarter of 2009, reflecting the recovery in the main sectors that consume the Company's products. Net Revenue reached R$ 6.8 billion in the 3rd quarter of 2009, 6% higher than in the previous quarter. 3rd quarter of 2009...

2009-11-05 06:15:00

TAMPA, FL, Nov. 5 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) today reported a net loss of $25.4 million ($0.06 per share fully diluted) for the three months ended September 30, 2009, in comparison to net income of $316.9 million ($0.73 per share fully diluted) for the three months ended September 30, 2008. Included in these results is a $78.5 million pre-tax charge related to actions announced earlier this year to stop production at certain of the Company's...

2009-10-20 15:05:00

- 2009 third quarter results to be released before markets open on Thursday, November 5, 2009 - TAMPA, FL, Oct. 20 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA) (TMX: GNA) will host a conference call to discuss its 2009 third quarter financial results for the three-month period ending September 30, 2009. The Company invites all interested parties to participate. DATE: Thursday, November 5, 2009 TIME: 1:30 p.m., Eastern Time....

2009-10-20 08:50:00

PRINCETON, N.J., Oct. 20 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with updated coverage on Brazilian and Latin American stocks, including Vale S.A. (NYSE: VALE), Petroleo Brasileiro (NYSE: PBR), Siderurgica Nacional (NYSE: SID), Gerdau S.A. (NYSE: GGB), America Movil (NYSE: AMX), among others. All paid and trial subscribers to BullMarket.com can now receive...

2009-09-18 08:25:00

PITTSBURGH, Sept. 18 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA has been awarded a $20.5 million contract to supply Gerdau Ameristeel sheet piling to the Panama Canal Authority (ACP) for use in the construction of the Panama Canal Expansion. The successful bidder for the PAC-4 contract opening later this year will install the piling for the excavation of the Pacific Access Channel and the construction of the Borinquen Dam. Gerdau Ameristeel's PS 31 flat...


Word of the Day
sough
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'
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