Steel in the News
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Posted by Alison Trost on May 20, 2010 at 8:32 AM.
Gerdau Ameristeel continues to take a leadership role in environmental efforts and has been included in the Standard& Poor / Toronto Stock Exchange’s new Clean Technology Index, which measures the performance of TSX-listed companies on their involvement in developing and using green technologies. The index was compiled according to a methodology focused on screening companies’ strategic commitment to areas ranging from renewable energy and energy efficiency to waste reduction and use of low-impact materials.
The requirements also went beyond environmental efforts. To qualify, a company must have been listed on the TSX for no less than a year, have at least $100 million in float-adjusted market capitalization, and its shares must pass a minimum liquidity test.
Gerdau Ameristeel has a long-standing commitment to environmental efforts and is one of the largest recyclers in Canada and the U.S., using scrap metal to produce steel products. According to Ron Watkins, president of the Canadian Steel Producers Association (CSPA), Gerdau Ameristeel’s inclusion in the index is an example of how the industry has become environmentally responsible.
More information about the Clean Technology Index (CTIUS) is available at http://cleantech.com/index/.
To learn more about Gerdau Ameristeel, go to www.gerdauameristeel.com.