Chicago Board Options Exchange Begins Trading Options on General Steel Holdings, Inc.

BEIJING, March 12 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. ("General Steel"), (the "Company"), (NYSE Arca: GSI), announced today that the Chicago Board Options Exchange has begun trading options on General Steel.   The Lead Options Market Maker is Susquehanna International Group. General Steel is one of China's leading non-state owned steel product producers and became listed on NYSE Arca on March 6, 2008.

About General Steel Holdings, Inc.

General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies.  With 3 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including reinforced bar (rebar), hot-rolled carbon and silicon sheet and spiral-weld pipe.  The Company has steel operations in Shaanxi province (central China), Inner Mongolia autonomous region (northwest China) and Tianjin municipality (northeast China).

Information Regarding Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it.  The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized.  Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein.  For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release.  The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.

  For more information, please contact:

   Ross Warner
   General Steel Holdings, Inc.
   Tel:   [phone] (Beijing)
   Email: 
   Skype: ross.warner.generalsteel

   Ted Haberfield
   HC International, Inc.
   Tel:   [phone]
   Email: 
   Web:   http://www.hcinternational.net/

DATASOURCE: General Steel Holdings, Inc.



CONTACT:  Ross Warner of General Steel Holdings, Inc., [phone]

(Beijing), or , or Skype, ross.warner.generalsteel, or Ted

Haberfield of HC International, Inc., [phone], or

, for General Steel 



Web Site:  http://www.hcinternational.net/ 

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