EXHIBIT 99.5

               CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


        We hereby consent to the use in this Annual Report on Form 40-F of our
report dated January 24, 2003, except for certain information contained in notes
3 and 20, as to which the date is April 4, 2003, relating to the consolidated
financial statements of Gerdau AmeriSteel Corporation, which appear in Exhibit
99.2 of this Form 40-F. We also consent to the use in this Annual Report on
Form 40-F of our Comments by Auditors for United States of America Readers on
Canada - United States of America Reporting Differences dated January 24, 2003.


/s/ PricewaterhouseCoopers LLP
Orlando, Florida
January 24, 2003