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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000911420-03-000196.txt : 20030910
<SEC-HEADER>0000911420-03-000196.hdr.sgml : 20030910
<ACCEPTANCE-DATETIME>20030910135101
ACCESSION NUMBER:		0000911420-03-000196
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20030910
FILED AS OF DATE:		20030910

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GERDAU SA
		CENTRAL INDEX KEY:			0001073404
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14878
		FILM NUMBER:		03889663

	BUSINESS ADDRESS:	
		STREET 1:		AV FARRAPOS 1811
		STREET 2:		PORTO ALEGRA
		CITY:			RIO GRANDE DO SOL BR
		STATE:			D5

	MAIL ADDRESS:	
		STREET 1:		AVENIDA ARRAPOS, 1811
		STREET 2:		POTE ALGRE, RIO GRANDE DO SUL
		CITY:			BRAZIL
		STATE:			D5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d912192.txt
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
- --------------------------------------------------------------------------------


                                    FORM 6-K

                     U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                        REPORT OF FOREIGN PRIVATE ISSUER

                   PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE

                         SECURITIES EXCHANGE ACT OF 1934

                            dated September 10, 2003

                         Commission File Number 1-14878

                                   GERDAU S.A.

                    (Exact Name as Specified in its Charter)

                                       N/A

                       (Translation of Registrant's Name)

                                Av. Farrapos 1811
             Porto Alegre, Rio Grande do Sul - Brazil CEP 90220-005
                    (Address of principal executive offices)


         Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.

         Form 20-F    X    Form 40-F

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): ____

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ____

         Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

         Yes                        No  X

         If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): Not applicable.

- --------------------------------------------------------------------------------


<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused the Report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date:  September 10, 2003

                              GERDAU S.A.


                              By:/S/ OSVALDO  BURGOS SCHIRMER
                                 Name:   Osvaldo Burgos Schirmer
                                 Title:  Chief Financial Officer


<PAGE>


                                  EXHIBIT INDEX

EXHIBIT             DESCRIPTION OF EXHIBIT

1                   Press release dated September 8, 2003

2                   Press release dated September 9, 2003

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>3
<FILENAME>e912190.txt
<DESCRIPTION>REVELVANT FACTS
<TEXT>
                                    Exhibit 2

                                  ANNOUNCEMENT

On September 5, 2003, GERDAU S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB), in
a joint operation with its controlled company, Aco Minas Gerais S.A. - Acominas,
concluded the placement of the US$ 105 million first tranche of an Export
Receivable Notes program. This program, to total US$ 400 million, represents an
important tool for improving the debt profile of these companies. All
obligations under the securitization are shared on a joint and several basis
between both companies.

This initial tranche was placed with a 7.37% p.a. coupon and final maturity in
July 2010. The operation has a grace period of 2 years and amortization will be
carried out quarterly, as of October 2005. The operation was given the "BBB-"
rating by Fitch Ratings. The certificates are backed by receivables generated by
the future sales of steel products produced by the two companies.

In the first semester of 2003, Gerdau S.A. and Acominas together exported 1.5
million metric tons of steel products, representing 46.7% of their total sales
of 3.1 million metric tons for the period. These exports generated revenues of
US$ 357.5 million for the semester.

                       Rio de Janeiro, September 09, 2003

                             Osvaldo Burgos Schirmer
                            Executive Vice-President
                           Investor Relations Director

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>4
<FILENAME>e912188.txt
<DESCRIPTION>ANNOUNCEMENT
<TEXT>
                                    Exhibit 1

                                  RELEVANT FACT

In accordance with the requirements of CVM Instruction n(degree)358 of March 1,
2002, GERDAU S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announces a R$ 626
million investment program for the next four years, for the modernization of the
Gerdau Acos Finos Piratini and Gerdau Riograndense mills.

Of this sum, R$ 348 million will be invested at Gerdau Acos Finos Piratini, a
producer of specialty steel for the domestic market. The main investment will be
the installation of new rolling equipment, which will contribute to increasing
the annual installed capacity of finished steel products by 200 thousand metric
tons, to a total of 500 thousand metric tons.

At Gerdau Riograndense, the planned investments total R$ 278 million, with the
highlight being the modernization of the drawing mill. This will bring
improvements to the quality of the line of products with greater added value for
the agricultural sector.

Of the total investments, 13% will be directed towards computerized management
systems and improvements to productivity at the two units. Environmental
investments will total R$ 38 million.

An announcement regarding this subject has been sent to the Brazilian Securities
Commission (CVM) and the Sao Paulo Stock Exchange (Bovespa), and is available at
the website WWW.GERDAU.COM.BR, along with more detailed information regarding
the proposed investment.

                       Rio de Janeiro, September 08, 2003

                             Osvaldo Burgos Schirmer
                            Executive Vice-President
                           Investor Relations Director

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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