FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2007

Commission File Number 333-101591
 
GERDAU AMERISTEEL CORPORATION
4221 W. Boy Scout Blvd., Suite 600
Tampa, Florida 33607
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F o
Form 40-F x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___________

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o
No x

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____________

 



 
EXHIBIT LIST
 
Exhibit
  
Description
     
99.1
  
News Release dated June 13, 2007 - Pacific Coast Steel, A Gerdau Ameristeel Jv, Acquires Las Vegas Contractor Business
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 13, 2007

 
GERDAU AMERISTEEL CORPORATION
   
   
 
By:
/s/ Robert E. Lewis
   
Name:
Robert E. Lewis
   
Title:
Vice-President, General Counsel and Corporate Secretary

Exhibit 99.1
 





PACIFIC COAST STEEL, A GERDAU AMERISTEEL JV,
ACQUIRES LAS VEGAS CONTRACTOR BUSINESS


Tampa, Florida - June 13, 2007 - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) today announced that Pacific Coast Steel (PCS), a Gerdau Ameristeel joint venture, has agreed to purchase the assets of Valley Placers, Inc. (VPI), a reinforcing steel contractor in Las Vegas, Nevada.  The transaction is expected to close in the next 30 days.  Terms of the transaction were not disclosed.

In addition to contracting activities, VPI operates a steel fabrication facility and retail construction supply business in Las Vegas.  VPI currently employs more than 110 field ironworkers and specializes in smaller commercial, retail and public works projects.

“Our participation in the Las Vegas market has increased considerably in the past nine months,” remarked Eric Benson, President of PCS.  “Valley Placers gives us the local presence needed to support our growth and will provide us immediate access to a broader range of market opportunities here.”

J. Neal McCullohs, Vice President of Commercial and Downstream Operations for Gerdau Ameristeel commented, “This further supports our approach to strategically grow our downstream operations in the West.  VPI can be supported by our recently purchased mill in Oklahoma, and will easily roll into the PCS organizational structure.”


About Gerdau Ameristeel
Gerdau Ameristeel is the second largest mini-mill steel producer in North America with annual manufacturing capacity of over 9.0 million tons of mill finished steel products.  Through its vertically integrated network of 17 mini-mills (including one 50% owned mini-mill), 17 scrap recycling facilities and 51 downstream operations, Gerdau Ameristeel primarily serves customers in the eastern two thirds of North America.  The company’s products are generally sold to steel service centers, steel fabricators, or directly to original equipment manufactures for use in a variety of industries, including construction, cellular and electrical transmission, automotive, mining and equipment manufacturing.  The common shares of Gerdau Ameristeel are traded on the New York Exchange under the symbol GNA and on the Toronto Stock Exchange under the symbol GNA.

For additional financial and investor information, visit www.gerdauameristeel.com.

 
 
 
For more information, please contact:

Investor Relations:
Barbara R. Smith
Vice President & Chief Financial Officer
Gerdau Ameristeel
(813) 319 4324
basmith@gerdauameristeel.com

Media:
Steven Hendricks
Director, Corporate Communications & Public Affairs
Gerdau Ameristeel
(813) 319 4858
sthendricks@gerdauameristeel.com