Gerdau Corsa invests US$ 600 million in new plant in Mexico

Press release

Gerdau Corsa, Gerdau's operation in Mexico, will invest US$ 600 million to build a new plant for the
production of structural shapes in the state of Hidalgo. This new plant, which will start operating in the
second half of 2014, will be the most important private investment in the history of the state.

The new plant will have an annual installed capacity of 1 million metric tons of steel, and 700,000 metric
tons of rolled products. During the construction work, about 4,000 direct and indirect jobs will be created.

About Gerdau
Gerdau is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world. With over 45,000 employees, it has industrial operations in 14 countries - in the Americas, Europe and Asia - which together represent an installed capacity of over 25 million metric tons of steel per year. It is the largest recycler in Latin America and around the world it transforms, each year, millions of metric tons of scrap into steel, reinforcing its commitment to sustainable development in the regions where it operates. With more than 140,000 shareholders, the Company is listed on the stock exchanges of São Paulo, New York and Madrid.
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