MILESTONES

October 19, 2008 Celebrated 20th Anniversary and NYSE Listing

October 7, 2008 Presented at Maxim Group Growth Conference in New York

September 4, 2008 Presented at Susquehanna Financail Group's Second Annual Beijing Management Summit in Beijing

September 3, 2008 Announced Letter of Intent to Acquire Yantai Steel Pipe Co., Ltd.

Septmeber 3, 2008 Presented at the 13th Annual JPMorgan Asia Pacific and Emerging Markets Equity Conference in New York

July 28, 2008 Received authorization to list common stock on the NYSE

June 25, 2008 Acquired Controlling Interest in Maoming Hengda Steel Group Limited

March 6, 2008 Moved to NYSE Arca with trading symbol of "GSI"

January 29, 2008 Ringed Opening Bell at the American Stock Exchange

January 14, 2008 Acquired Controlling Interest in Handcheng Tongxing Metallurgy Co., Ltd.

December 14, 2007  Completed $40 Million Notes Offering

Novermber 19, 2007 Mr. Chris Wang  with experience in Finance and Corporate Governance and expertise in the Specialty Metal Products Industry appointed as an Independent Director

Octover 15, 2007  retained HC International to design and execute investor relations campaign

September 28, 2007 Moved to American Stock Exchange with trading symbol of "GSI"

September 9, 2007 Presented at the Brean Murray Carret & Co., Mainland China Investor Tour in Beijing

September 5, 2007 Presented at the Roth Capital 2007 New York Conference

August 29, 2007 Announced Election of Three New Members to its Board of Directors

July 9, 2007 Received business license approval for the Joint Venture in Shaanxi Province

July 2, 2007 Cited in Barron’s Investment Weekly article

Analyst Coverage initiated by Montgomery Street Research, LLC with Buy rating

June 21, 2007 Announced Joint Venture agreement with Shaanxi Longmen Iron & Steel Group Co., Ltd.

June 18, 2007 Successfully completed test production period at the Joint Venture site in Inner Mongolia, China

May 23, 2007 Agreed to acquire remaining 30% outstanding shares of the subsidiary, Tianjin Daqiuzhuang Metal Sheet Co., Ltd.

April 30, 2007 Announced signature of an amendment to the Joint Venture agreement with Baotou Iron and Steel Group Co., Ltd and increased the percentage of ownership interest in the Joint Venture and commencement of operations.

April 16, 2007 Mr. Cao Zhong Kui, Chairman of Baogang United Steel appointed to the Board of Directors as an Independent Director.

March 31, 2007 The annual Board of Director’s Meeting held with the participation of all seven board directors

February 19, 2007 Presented Growth Strategy at the 19th Annual Roth Capital O.C. Conference

November 18 -19, 2006 APEC CEO Summit Meeting in Ha Noi, Viet Nam

October 25£¬2006 Attended RedChip China-America Small-Cap Conference: The Rise of China in the Small-Cap Sector

July 19£¬2006 General Steel Holdings, Inc. added to Ludlow China SmallCap Index.

April 4, 2006 The annual Board of Director’s Meeting held with the participation of all seven board directors.

Mr. Wang Guodong appointed as an independent director.

March 20, 2006 DQ Metal placed four new production lines into full operation. The Company now operates 10 steel production lines for the production of hot-rolled steel sheets. New plant adds 150,000 tons of capacity for steel production in 2006.

February 19-22, 2006 Attended the Roth Capital 18th O.C. Conference in Los Angeles

December 22, 2005 Mr. Tian Lianhui appointed as an Independent Director

November 15-19, 2005 APEC CEO Summit Meeting in Pusan, South Korea

October 18, 2005 Carret (Beijing) Investment Management & Advisory Company initiated coverage on the Company. The 19-page report rates the Company as a Buy with a target price of $2.29 a share

September 28, 2005 Signed a joint venture agreement with Baotou Iron and Steel (Group) Company, Limited (\\\'Baotou Steel\\\') to form Baotou Steel GSHI Specialty Steel Company, Limited

Signed the Letter of Intent to form a Joint Venture with Baotou Steel RuiXing Rare Earth Metal Materials Company

September 26, 2005 The president of South Korean KOSDAQ, Mr. Park paid a visit to the company

September 15, 2005 Issued common stock to raise a total of $1,765, 000

August 24, 2005 Mr. Ross Warner and Mr. John Wong appointed to the Board of Directors as two Independent Directors

May 16-20, 2005 Trip to South Korea to discuss potential dual listing in South Korea’s Stock Market

March 4, 2005 Changed the Company\\\'s name from American Construction Company into General Steel Holdings, Inc. Trading Symbol is “GSHO”

November 18-21,2004 APEC CEO Summit Meeting in Chile

October 26, 2004 American Construction Company announced a $90 million initial stage joint venture agreement with the China Inner Mongolia Baogang Steel Union ("Baotou Steel")

October 14, 2004 General Steel Investment Co., Ltd and American Construction Company completed the reverse merger. The company was listed on OTC Bulletin Board with Trading Symbol “ACNS”

June 24£¬2004 General Steel Investment Co., Ltd., a British Virgin Islands limited liability corporation ("General Steel") acquired 70% ownership of Tianjin Da Qiu Zhuang Metal Sheet Co., Ltd (“DQ Metal”). DQ Metal became a Sino-Foreign Joint Venture