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General Steel to Host Second Quarter Fiscal 2008 Earning Conference Call on August 14, 2008 at 8:30 A.M. EDT

August 11, 2008

BEIJING, Aug. 11 /Xinhua-PRNewswire-FirstCall/ — General Steel Holdings, Inc. (‘General Steel’), (the ‘Company’), , one of China’s leading non-state owned steel products producers announced today it will release its Second Quarter Fiscal 2008 results on Thursday, August 14, 2008, before the market close. In conjunction, the company will host an earnings conference call to discuss these results.

The earnings conference call will take place at 8:30 a.m. EDT on Thursday, August 14, 2008. Interested participants in the United States should call 1- 800-860-2442. Callers should utilize the pass code: General Steel call.

This call is being webcast by MultiVuand can be accessed by clicking on the following link: http://www.videonewswire.com/event.asp?id=50833

A playback will be available shortly after the call and will be available on General Steel Holdings’ website http://www.gshi-steel.com/ for 90 days through November 21, 2008.

About General Steel Holdings, Inc.

General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 4.8 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including rebar, hot-rolled carbon and silicon sheet, spiral-weld pipe and high speed wire. The Company has steel operations in Shaanxi province, Inner Mongolia Autonomous Region, Guangdong Province and Tianjin municipality.

Information Regarding Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company’s Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.

   For more information, please contact:     Ross Warner, General Steel Holdings, Inc.    Tel:   +86-10-5879-7346 (Beijing)    Email: ross@gshi-steel.com    Skype: ross.warner.generalsteel     Ted Haberfield, HC International, Inc.    Tel:   +1-760-755-2716    Email: thaberfield@hcinternational.net    Web:   http://www.hcinternational.net/  

General Steel Holdings, Inc.

CONTACT: Ross Warner, General Steel Holdings, Inc., +86-10-5879-7346(Beijing), or ross@gshi-steel.com, or Skype, ross.warner.generalsteel; TedHaberfield, HC International, Inc., +1-760-755-2716, orthaberfield@hcinternational.net

Web Site: http://www.gshi-steel.com/http://www.videonewswire.com/event.asp?id=50833http://www.hcinternational.net/




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