Gerdau Ameristeel Corporation on June 12 announced that its U.S. operating subsidiary, Gerdau Ameristeel US Inc., acquired all of the outstanding shares of Sheffield Steel Corporation of Sand Springs, Okla.
Sheffield Steel is a mini-mill producer of long steel products, primarily rebar and merchant bars with annual shipments of approximately 550,000 tons of finished steel products. Sheffield operates a melt shop and rolling mill in
Subject to certain post-closing adjustments, the purchase price for all of the shares of
