Subsidiaries

Tianwu General Steel Material Trading Co., Ltd.


Name: Tianwu General Steel Material Trading Co., Ltd.
Location: Tianjin Municipality
Products: Iron ore and other raw materials
Annual Production Capacity: 2-3 million metric tons
Principal Markets: Domestically and overseas
Ownership Status: Joint Venture
Joint venture partner: Tianjin Material and Equipment Group Corporation
Percentage Ownership: 60% General Steel
Joint Venture Formed: September 2010