It is expected that the arrangement will be completed in August 2010, following the receipt of Canadian court approval and the satisfaction of other customary conditions.
Gerdau S.A. is a producer of long steel in the Americas and one of the world's largest suppliers of special long steel.
Gerdau Ameristeel is the second largest mini-mill steel producer in North America, with annual manufacturing capacity of approximately 10 million metric tons of mill finished steel products