General Steel States Its Policy Not to Comment on Unusual Market Activity

BEIJING, Sept. 10, 2012 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or "the Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that in view of the unusual market activity in the Company's stock, the New York Stock Exchange ("the NYSE") has contacted the Company in accordance with its usual practice. The Company informed the NYSE that its policy is not to comment on unusual market activity.

About General Steel Holdings, Inc.

General Steel Holdings, Inc., (NYSE: GSI), headquartered in Beijing, China, operates a diverse portfolio of Chinese steel companies. With 7 million metric tons of crude steel production capacity under management, its companies serve various industries and produce a variety of steel products including rebar, high-speed wire and spiral-weld pipe. General Steel Holdings, Inc. has steel operations in Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin municipality. For more information, please visit www.gshi-steel.com.

To be added to the General Steel email list to receive Company news, please send your request to generalsteel@tpg-ir.com.

Contact Us

In China:

Jenny Wang
General Steel Holdings, Inc.
Tel: +86-10-5775-7691
Email: jenny.wang@gshi-steel.com

In the US:

The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Tel: (212) 481-2050
Email: generalsteel@tpg-ir.com

SOURCE General Steel Holdings, Inc.



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