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General Steel Holdings, Inc. News

General Steel Holdings, Inc. to Present at Brean Murray Carret & Co. All-Cap All-China Conference in New York May 19, 2008 at 4:15 p.m. EDT

BEIJING, May 9 Xinhua-PRNewswire-FirstCall — General Steel Holdings, Inc. ("General Steel"), ("Company"), (NYSE Arca: GSI), one of China's leading non-state owned steel product producers, announced today it will present at the Brean Murray Carret & Co. All-Cap All-China Conference on May 19, 2008, at 4:15 p.m. EDT. The presentation will be held in the Jade Room of the Waldorf=Astoria Hotel in New York City. Representing General Steel will be John Chen, Chief Financial Officer, and Ross Warner, IR Director. Management will participate in meetings with analysts and investors through the day.

Registration to attend this conference is mandatory. For more information contact your Brean Murray Carret & Co. representative or visit http://www.breanmurraycarret.com .

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: ross@gshi-steel.com Skype: ross.warner.generalsteel Ted Haberfield, HC International, Inc. Tel: +1-760-755-2716 (USA) Email: thaberfield@hcinternational.net Web: hcinternational.net

SOURCE General Steel Holdings, Inc.

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