Subsidiaries

Name: Longmen Joint Venture
Location: Hancheng City, Shaanxi Province
Products: Steel billets, rebar, high-speed wire
Annual Production Capacity: 7 million metric tons of crude steel under management(note)
Principal Markets: Xi’an City, Shaanxi Province, Western Region
Ownership Status: Joint Venture
Joint Venture Partner: Shaanxi Longmen Iron and Steel (Group) Co., Ltd.
Percentage Ownership: 60% General Steel
Joint Venture Formed: June 2007
website: http://www.gshi-steel.com/overview.html
   
Note: In April 2011, we entered a Unified Management Agreement with Shaanxi Coal and Chemical Industry Group Co., Ltd. and Shaanxi Iron and Steel Group Co., Ltd, which increased the annual crude steel production under management at Longmen Steel by 3 million metric tons of crude steel.
   

 
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