Gerdau Special Steel Donates Nearly $80,000 to Various Fort Smith Non-Profit Organizations in 2011

Contributions part of Gerdau’s ongoing initiative to support local community

Gerdau Special Steel North America and its employees at the Fort Smith mill collectively donated approximately $80,000 to support local non-profit organizations in 2011. Among the donation recipients were a number of local non-profits, including the Fort Smith Boys and Girls Club, Gregory Kistler Treatment Center, Bost Human Development, and the Fort Smith Public Library, as well as nationally recognized non-profits, including the local chapters of the American Cancer Society, Habitat for Humanity, the Salvation Army, and the American Red Cross, among others.
 
“Gerdau is committed to creating value in the communities in which we operate,” said Jack Finlayson, president of Gerdau Special Steel North America. “We are thankful to be in a position to give back to our local communities and I am proud of our Fort Smith team for their generosity to these worthy causes.”
 
Each Gerdau location has its own social responsibility committee, a team of employees who work together to identify opportunities to make a positive impact on the local community.
 
Last year’s contribution included corporate donations as well as money from employee fundraising efforts. A large portion of the contribution came from employees who donate a percentage of each paycheck to the United Way of Fort Smith. Gerdau Special Steel North America matches 30 percent of their total pledge. In 2011, Gerdau and its employees in the mill raised nearly $45,000 through the United Way of Fort Smith campaign.
 
Gerdau Special Steel North America is one of the largest employers in Fort Smith. The company announced in 2011 that it is investing $320 million to expand its U.S. operations, including the Fort Smith steel mill.
 
About Gerdau Special Steel North America
Gerdau Special Steel North America is an engineered bar producer headquartered in Jackson, Michigan, with world-class steel manufacturing plants in Jackson and Monroe, Michigan and Fort Smith, Arkansas. The company produces SBQ carbon and alloy hot rolled and bright cold finished steel bar products. Gerdau is the leading producer of long steel in the Americas and one of the largest suppliers of special long steel in the world. It has more than 45,000 employees and industrial operations in 14 countries with operations in the Americas, Europe and Asia, which together represent an installed capacity of more than 25 million metric tons of steel per year. It is the largest recycler in Latin America and around the world it transforms millions of metric tons of scrap into steel every year. Gerdau is listed on the stock exchanges of Sao Paulo, New York and Madrid and has approximately 140,000 shareholders.
 
 
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