Gerdau Ameristeel Agrees to Acquire Sheffield Steel

Sheffield Steel is a mini-mill producer of long steel products, primarily rebar and merchant bars with annual shipments of about 550,000 tons of finished steel products. Sheffield operates a melt shop and rolling mill in Sand Springs, Okla., a smaller rolling mill in Joliet, Ill., and three downstream steel fabricating facilities in Kansas City and Sand Springs.

Mario Longhi, president and CEO of Gerdau Ameristeel commented: "The combination of the Sheffield team with Gerdau Ameristeel is a dynamic step in the continuing consolidation and revitalization of the North American long product steel sector. The addition of the Sheffield people, resources and assets will expand Gerdau Ameristeel's primary rebar markets to the Southwest United States."