OREANDA-NEWS. August 12, 2014. General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, announced that it has regained compliance with the continued listing standard of the New York Stock Exchange (the "NYSE") relating to minimum pricing of its common stock.

In a letter the NYSE notified the Company that the average closing price of its common stock for the 30 trading-days ended July 31, 2014 was above the NYSE's minimum pricing standard of USD1.00.

Additionally, the closing stock price of the Company's common stock of USD 1.08 on July 31, 2014, the last trading day of the calendar month, was also above this minimum pricing standard of USD 1.00. Accordingly, General Steel has successfully regained compliance with the NYSE minimum pricing standard.

About General Steel

General Steel, headquartered in Beijing, China, produces a variety of steel products including rebar, high-speed wire and spiral-weld pipe. The Company has operations in China's Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region, and Tianjin municipality with seven million metric tons of crude steel production capacity under management. For more information, please visit www.gshi-steel.com.

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