EXHIBIT 99.4
GERDAU AMERISTEEL CORPORATION AND GUSAP PARTNERS
OFFER FOR ALL OUTSTANDING 10 3/8% SENIOR NOTES DUE 2011
IN EXCHANGE FOR 10 3/8% SENIOR NOTES DUE 2011
WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND THE SECURITIES ACT (ONTARIO)
To: BROKERS, DEALERS, COMMERCIAL BANKS, TRUST COMPANIES AND OTHER NOMINEES
Gerdau Ameristeel Corporation and GUSAP Partners (collectively, the "Issuers")
are offering, upon and subject to the terms and conditions set forth in the
Prospectus, dated o, 2003 (the "Prospectus"), and the enclosed letter of
transmittal (the "Letter of Transmittal"), which together constitute the
Issuers' offer (the "Exchange Offer") to exchange an aggregate principal amount
of up to US$405,000,000 10 3/8% Senior Notes due 2011 (the "Exchange Notes")
which have been registered under the Securities Act of 1933, as amended, and the
Securities Act (Ontario), for a like principal amount of their outstanding
US$405,000,000 10 3/8% Senior Notes due 2011 (the "Existing Notes"). The
Exchange Offer is being made in order to satisfy certain obligations of the
Issuers contained in the Registration Rights Agreement dated June 27, 2003 by
and among the Issuers, the Subsidiary Guarantors (as defined in the Prospectus)
and the initial purchasers of Existing Notes referred to therein.
We are requesting that you contact your clients for whom you hold Existing Notes
regarding the Exchange Offer. For your information and for forwarding to your
clients for whom you hold Existing Notes registered in your name or in the name
of your nominee, or who hold Existing Notes registered in their own names, we
are enclosing the following documents:
1. Prospectus dated o, 2003;
2. The Letter of Transmittal for your use and for the information of your
clients;
3. A Notice of Guaranteed Delivery to be used to accept the Exchange Offer
if certificates for Existing Notes are not immediately available or time will
not permit all required documents to reach the Exchange Agent prior to the
Expiration Date (as defined below) or if the procedure for book-entry transfer
cannot be completed on a timely basis;
4. A form of letter which may be sent to your clients for whose account
you hold Existing Notes registered in your name or the name of your nominee,
with space provided for obtaining such clients' instructions with regard to the
Exchange Offer;
5. Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9; and
6. Return envelopes addressed to SouthTrust Bank, the exchange agent for
the Exchange Offer (the "Exchange Agent").
YOUR PROMPT ACTION IS REQUESTED. THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M.,
NEW YORK CITY TIME, ON o, 2004, (THE "EXPIRATION DATE") UNLESS EXTENDED BY THE
ISSUERS. EXISTING NOTES TENDERED PURSUANT TO THE EXCHANGE OFFER MAY BE WITHDRAWN
AT ANY TIME BEFORE THE EXPIRATION DATE.
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To participate in the Exchange Offer, a duly executed and properly completed
Letter of Transmittal (or facsimile of it or an agent's message), with any
required signature guarantees and any other required documents, should be sent
to the Exchange Agent and certificates representing the Existing Notes should be
delivered to the Exchange Agent, all in accordance with the instructions set
forth in the Letter of Transmittal and the Prospectus. If a tender is to be made
by book-entry transfer to the account maintained by the Exchange Agent at The
Depository Trust Company, compliance with the procedures set forth in "The
Exchange Offer - Book-Entry Transfer" section of the Prospectus is required.
If a registered holder of Existing Notes desires to tender, but such Existing
Notes are not immediately available, or time will not permit such holder's
Existing Notes or other required documents to reach the Exchange Agent before
the Expiration Date, or the procedure for book-entry transfer cannot be
completed on a timely basis, a tender may be effected by following the
guaranteed delivery procedures described in the Prospectus under the caption
"The Exchange Offer - Guaranteed Delivery Procedures".
The Issuers will, upon request, reimburse brokers, dealers, commercial banks and
trust companies for reasonable and necessary costs and expenses incurred by them
in forwarding the Prospectus and the related documents to the beneficial owners
of Existing Notes held by them as nominee or in a fiduciary capacity. The
Issuers will pay or cause to be paid all stock transfer taxes applicable to the
exchange of Existing Notes pursuant to the Exchange Offer, except as set forth
in Instruction 6 of the Letter of Transmittal.
Any inquiries you may have with respect to the Exchange Offer, or requests for
additional copies of the enclosed materials, should be directed to SouthTrust
Bank, the Exchange Agent for the Exchange Offer, at its address and telephone
number set forth on the front of the Letter of Transmittal.
Sincerely,
GERDAU AMERISTEEL CORPORATION
AND GUSAP PARTNERS
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Tom J. Landa
Vice President, Finance, Chief
Financial Officer and Secretary
Gerdau Ameristeel Corporation
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Glen A. Beeby
President and Manager
GUSAP Partners
NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY PERSON
AS AN AGENT OF THE ISSUERS OR THE EXCHANGE AGENT, OR AUTHORIZE YOU OR ANY OTHER
PERSON TO USE ANY DOCUMENT OR MAKE ANY STATEMENTS ON BEHALF OF ANY OF THEM WITH
RESPECT TO THE EXCHANGE OFFER, EXCEPT FOR STATEMENTS EXPRESSLY MADE IN THE
PROSPECTUS OR THE LETTER OF TRANSMITTAL.
Enclosures