Subsidiaries

Maoming Hengda Steel Co., Ltd.


Name: Maoming Hengda
Location: Maoming City, Guangdong Province
Products: High-speed wire
Annual Production Capacity: 400,000 metric tons
Principal Markets: Western Guangdong Province, Guangxi Province
Ownership Status: Joint Venture
Percentage Ownership: 99% General Steel
Joint Venture Formed: June 2008
Note: To take advantage of stronger market demand in Shaanxi, in the second quarter of 2009, we relocated the 800,000 metric ton capacity rebar production line from Maoming Hengda’s facility to Longmen Joint Venture. Thereafter, in December 2010, we relocated the 1,000,000 metric ton capacity high-speed wire production line from Maoming Hengda’s facility to Longmen Joint Venture to meet the increasing demand in Shaanxi province.