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Latest News:
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Gerdau Ameristeel Announces 2005 Results
Feb. 9, 2006 - Feb. 9, 2006 — Gerdau Ameristeel Corp. reported net income of $80.4 million on net sales of $934.2 million for the fourth quarter, and net income of $295.5 million on net sales o
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Gerdau Ameristeel Reports 3rd Quarter Results
Nov. 8, 2005 - Gerdau Ameristeel Corp. reported net income of $62.2 million on net sales of $999.3 million for the quarter and net income of $215.1 million on net sales of $3.0 billion, for the nine months ended September 30, 2005.
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Moré to Provide Lime System for North Star BlueScope Steel
Oct. 17, 2005 - North Star BlueScope Steel, Delta, Ohio, has awarded Moré srl, Gemona del Friuli, Italy, an order to supply a complete pneumatic lime transportation/injection system for the plant’s 195-ton twin-shell twin-shaft EAF.
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Gerdau Ameristeel Announces 3rd Quarter Results
Nov. 3, 2004 - Gerdau Ameristeel Corp. reported net income of $144.3 million on net sales of $807.9 million for the quarter, and net income of $271.3 million on net sales of $2.2 billion for the nine months ended September 30, 2003.
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Gerdau Ameristeel Closes North Star Steel Acquisition
Nov. 2, 2004 - Gerdau Ameristeel Corp. has completed its acquisition of the North Star Steel assets from Cargill, Inc. The deal includes the fixed assets and working capital of four long steel product minimills in St. Paul, Minn.; Wilton, Iowa; Calvert City, Ky.; and Beaumont, Texas; three wire rod processing facilities in Beaumont, Texas; Carrollton, Texas; and Memphis, Tenn.; and a grinding ball facility in Duluth, Minn. Integration of these operations will provide Gerdau Ameristeel's customers with expanded geographical coverage and a broader range of products.
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Gerdau Ameristeel Prices Offering of Common Shares
Oct. 18, 2004 - Gerdau Ameristeel Corp. announced that its registration statement has become effective under the U.S. Securities Act of 1933 and that it has obtained a receipt for a final prospectus from Canadian securities regulatory authorities in connection with its offering of 70 million common shares.
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Gerdau Ameristeel to Acquire North Star Steel Assets
Sep. 10, 2004 - Gerdau Ameristeel Corp. announced that its U.S. operating subsidiary, Gerdau Ameristeel US Inc., has entered into definitive agreements with Cargill, Inc. to purchase the fixed assets and working capital of North Star Steel for $266 million in cash. The purchase price is subject to adjustment for working capital fluctuations prior to the closing date.
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Nucor Reports Record Results for Second Quarter
Jul. 23, 2004 - Nucor Corp. announced record consolidated net earnings of $251.4 million on sales of $2761.8 million for the second quarter, and consolidated net earnings of 364.7 million on consolidated net sales of $5048.2 million for the first half of 2004.
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Quanex Closes Acquisition of North Star Steel's Monroe Facility
Jan. 2, 2004 - Quanex Corp. announced the closing of the asset purchase of the Monroe, Mich. steel mill of North Star Steel, a subsidiary of Cargill, Inc., for $115 million in cash. The company financed the acquisition by borrowing against its $310 million revolving credit facility.
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