Gerdau Ameristeel Joins the American Iron and Steel Institute

Washington, D.C., 11/11/2010 - The American Iron and Steel Institute (AISI) today welcomed Gerdau Ameristeel, the fourth largest steel company and the second largest minimill steel producer in North America, as a member of AISI.  The AISI Board of Directors approved Gerdau Ameristeel as a producer member at its quarterly meeting held in Washington, D.C.

“I’m pleased to welcome Gerdau Ameristeel President and CEO Mario Longhi to the AISI Board of Directors,” AISI President and CEO Thomas J. Gibson, said.  “With its significant presence in North America, including 19 electric steel mills and an extensive network of recycling and fabricating facilities, Gerdau Ameristeel adds strength to AISI’s already established presence on Capitol Hill and our influence with policymakers.   We also believe AISI’s strong advocacy on behalf of the North American steel industry, our collaborative research and our support for a pro-manufacturing agenda, will deliver added-value to Gerdau Ameristeel in support of its mission to create value for its customers, employees, shareholders and communities.”

“As Chairman of AISI, it is a pleasure to welcome Mario Longhi to the Board of Directors and to also welcome all the employees of Ameristeel to the AISI family,” AISI Chairman Daniel R. DiMicco, chairman, president and CEO of Nucor Corporation, said.  “Never has it been more critical than it is today for our industry to speak out loud and clear and with a unified voice on major policy issues that are impacting American manufacturers.  Mario Longhi and Gerdau Ameristeel have been strong allies on steel industry policy issues and now, as a member of AISI, the opportunity of working together, shoulder-to-shoulder, will strengthen and enhance further the competitiveness of our industry both here at home and on a global basis.” 
   
“I personally look forward to contributing to the important work that AISI does on behalf of our industry. Gerdau Ameristeel is committed to helping ensure that the American steel industry remains globally competitive and a foundation for the economic recovery of our country,” Mario Longhi said.

Gibson said Gerdau Ameristeel joins at a time when AISI is aggressively working to advance policies “that improve the competitiveness of North American steelmakers across a range of issue areas.”  He said these include restoring a healthy manufacturing sector and creating millions of new jobs through removing artificial barriers built by our trading partners and enforcing our trade laws, rebuilding our transportation infrastructure, encouraging government to invest in research and development and developing a national energy policy that creates low carbon, affordable and abundant sources of energy.

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 140 associate and affiliate members who are suppliers to or customers of the steel industry.  AISI's member companies represent approximately 80 percent of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Contact:
Nancy Gravatt
Vice President, Communications
American Iron and Steel Institute
Tel: 202.452.7115