May 15, 2008 at 4:30 p.m. EDT BEIJING, China, May 12 /Xinhua-PRNewswire-FirstCall/--General Steel Holdings, Inc. ("General Steel"), (the "Company"), (NYSE Arca: GSI), one of China's leading non-state owned steel products producers announced today it will release its First Quarter 2008 Financial Results on Thursday, May 15, 2008, after 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 4:30 p.m. EDT on Thursday, May 15, 2008. Interested participants in the United States should call 1-800- 860-2442. Callers should utilize the pass code: General Steel Holdings. This conference call will be broadcast live over the Internet and can be accessed by clicking this link: http://www.videonewswire.com/event.asp?id=48594 For those unable to participate during the live broadcast, a replay will be available shortly after the call on General Steel Holdings' website http://www.gshi-steel.com/ for 90 days. About General Steel Holdings, Inc. General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 3 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 and spiral-weld pipe. The Company has steel operations in Shaanxi province, Inner Mongolia Autonomous Region 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: or Skype: ross.warner.generalsteel Ted Haberfield, HC International, Inc. Tel: +1-760-755-2716 Email: Web: http://www.hcinternational.net/ DATASOURCE: General Steel Holdings, Inc. CONTACT: Ross Warner, General Steel Holdings, Inc., +86-10-5879-7346 (Beijing), or or Skype: ross.warner.generalsteel; Ted Haberfield, HC International, Inc., +1-760-755-2716, or Web Site: http://www.gshi-steel.com/ http://www.videonewswire.com/event.asp?id=48594 http://www.hcinternational.net/

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