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Latest Gerdau Stories

2009-07-17 10:03:00

PITTSBURGH, July 17 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA has been awarded a $23.1 million contract to provide steel sheet piling to the U.S. Army Corps of Engineers (USACE) for the construction of T-wall type flood walls in the New Orleans area. The PZC(TM) piling will be manufactured in lengths of 20 to 75 feet at the Gerdau Ameristeel Petersburg, VA facility and stored for convenient availability at L.B. Foster's New Orleans storage facility. "Our...

2009-06-22 08:26:00

TAMPA, FL, June 22 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) today announced that it has entered into an agreement with the lenders of the Company's Term Loan Facility which provides temporary flexibility with respect to the facility's covenants. The Term Loan Facility currently has US$ 2.6 billion of borrowings outstanding and Gerdau S.A. and certain of its Brazilian affiliates have guaranteed the Term Loan Facility since its inception in 2007. The Term...

2009-06-08 15:59:00

TAMPA, FL, June 8 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that it is suspending production at its Sayreville, New Jersey steel mill and closing its rolling mill in neighboring Perth Amboy, New Jersey due to lower demand for its products resulting from the downturn in the economy. The company said these actions are expected to occur gradually over the next several months. The company indicated that it would restart operations at the...

2009-05-11 11:17:00

TAMPA, FL, May 11 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that its Annual Meeting of Shareholders will be held on Wednesday, May 13, at 9:30 a.m. ET at The St. Andrew's Club and Conference Centre, 150 King Street West, 27th Floor, Toronto, Ontario. The presentation will be webcast live. To access the webcast go to: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2635160 or www.gerdauameristeel.com Please connect at least 15 minutes...

2009-05-07 08:18:00

PORTO ALEGRE, Brazil, May 7 /PRNewswire-FirstCall/ -- Gerdau S.A. (NYSE: GGB) announces its 1Q09 results: 1st Quarter of 2009 Highlights Sales totaled 3.1 million tonnes in the first 3 months of 2009 compared to 3.5 million tonnes in the 4th quarter of 2008. Net Revenue reached R$ 7.0 billion in the 1st quarter of 2009. EBITDA reached R$ 599.0 million in the 1st quarter of 2009 with 8.6% of EBITDA margin. Net Income reached R$ 35.0 million in the 1st quarter of...

2009-05-07 07:15:00

TAMPA, FL, May 7 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) today reported a net loss of $32.7 million ($0.08 per share fully diluted) for the three months ended March 31, 2009, in comparison to net income of $163.0 million ($0.38 per share fully diluted) for the three months ended March 31, 2008. During the first quarter of 2009, as a consequence of the global liquidity crisis and the resulting downturn in global economic activity, the Company's shipment...

2009-04-28 07:15:00

- 2009 first quarter results to be released before markets open on Thursday, May 7, 2009 - TAMPA, FL, April 28 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA) (TMX: GNA) will host a conference call to discuss its 2009 first quarter financial results for the three-month period ending March 31, 2009. The Company invites all interested parties to participate. DATE: Thursday, May 7, 2009 TIME: 3:00 p.m., Eastern Time. Please call...

2009-03-20 09:00:00

NEW YORK, March 20 /PRNewswire/ -- MZ Consult NY (http://www.mz-ir.com), a leading investor relations and financial communications firm, jointly with IR Global Rankings sponsors, The Bank of New York Mellon, KPMG Independent Auditors, Arnold & Porter, Demarest & Almeida, Bloomberg, NYSE Euronext and Corporate Asia Network, announced today at the Sao Paulo workshop and award ceremony the best ranked companies in Latin America for the 2009 IR Global Rankings. Best Ranked IR...

2009-03-06 13:47:00

NEW YORK, March 6 /PRNewswire/ -- MZ Consult NY (http://www.mz-ir.com), a leading investor relations and financial communications firm, jointly with IR Global Rankings sponsors, The Bank of New York Mellon, KPMG Independent Auditors, Arnold & Porter, Demarest & Almeida, Bloomberg, NYSE Euronext and Corporate Asia Network, announced today at the New York workshop and award ceremony the best ranked companies in North America for the 2009 IR Global Rankings. Best Ranked IR...

2009-02-19 09:05:00

PORTO ALEGRE, Brazil, Feb. 19 /PRNewswire-FirstCall/ -- 2008 Results Crude steel production grew 9.4% in 2008 compared to 2007, totaling 19.6 million tonnes. Shipments of 19.1 million tonnes in 2008, 11.4% higher than 2007. Shipments to the Brazilian domestic market increased 22.1% compared to 2007. Net Revenue reached R$ 41.9 billion in 2008, 36.9% higher than 2007. EBITDA in 2008 reached R$ 10.0 billion, 60.6% higher than 2007. EBITDA margin was 23.9% compared...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.