GSI [GENERAL STEEL] 10-K/A: EXPLANATORY NOTE This Amendment No. 1 restates the

[EXPLANATORY NOTE This Amendment No. 1 restates the following items: · Part II, Item 7 – Management’s Discussion and Analysis of Financial Condition and Result of Operations; · Part II, Item 8 – Financial Statements and Supplementary Data - Notes 2, 3(c), 3(i), 17 and 26; · Part II, Item 9A – Controls and Procedures; and · This Amendment No.] [Subsidiary Percentage General Steel Investment Co., Ltd. British Virgin Islands 100.0 % General Steel (China) Co., Ltd. P.R.C. 100.0 % Baotou Steel – General Steel Special Steel Pipe Joint Venture Co., Ltd. P.R.C. 80.0 % Yangpu Shengtong Investment Co., Ltd. P.R.C. 99.1 % Tianjin Qiu Steel Investment Co., Ltd. P.R.C. 98.7 % Shaanxi Longmen Iron and Steel Co., Ltd. P.R.C.] [Certification I, Zuosheng Yu, certify that: 1. I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the] [Certification I, John Chen, certify that: 1. I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 Zuosheng Yu Chief Executive Officer August 19, 2014 John Chen Chief Financial Officer (Principal Financial Officer) August 19, 2014]

GSI [GENERAL STEEL] 10-Q: (Original Filing)

[Table of Contents Page Part I. FINANCIAL INFORMATION Item 1. Unaudited Financial Statements. 3 Condensed Consolidated Balance Sheets as of June 30, 2014 and December 31, 2013. 3 Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the Three and Six Months Ended June 30, 2014 and 2013. 4 Condensed Consolidated Statements of Cash Flows for the Six Months] [18 U.S.C. SECTION 1350, SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Zuosheng Yu, certify that: 1. I have reviewed this quarterly report on Form 10-Q of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the] [18 U.S.C. SECTION 1350, SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, John Chen, certify that: 1. I have reviewed this quarterly report on Form 10-Q of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 1) 2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: August 19, 2014 Zuosheng Yu Chief Executive Officer] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 1) 2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: August 19, 2014 John Chen Chief Financial Officer]

GSI [GENERAL STEEL] 10-Q: Table of Contents Page Part I. FINANCIAL INFORMATION

[Table of Contents Page Part I. FINANCIAL INFORMATION Item 1. Unaudited Financial Statements. 3 Condensed Consolidated Balance Sheets as of June 30, 2014 and December 31, 2013. 3 Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the Three and Six Months Ended June 30, 2014 and 2013. 4 Condensed Consolidated Statements of Cash Flows for the Six Months] [18 U.S.C. SECTION 1350, SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Zuosheng Yu, certify that: 1. I have reviewed this quarterly report on Form 10-Q of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the] [18 U.S.C. SECTION 1350, SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, John Chen, certify that: 1. I have reviewed this quarterly report on Form 10-Q of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 1) 2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: August 19, 2014 Zuosheng Yu Chief Executive Officer] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 1) 2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: August 19, 2014 John Chen Chief Financial Officer]

GSI [GENERAL STEEL] 10-Q/A: (Original Filing)

[EXPLANATORY NOTE This Amendment No. 1 restates the following items: · Part I, Item 1 – Unaudited Financial Statements - Notes 2 and 3 (h) · Part I, Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations. · Part I, Item 4 – Controls and Procedures. This Amendment No. 1 contains restatements related to the] [18 U.S.C. SECTION 1350, SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Zuosheng Yu, certify that: 1. I have reviewed this Amendment No. 1 to the quarterly report on Form 10-Q/A of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material] [18 U.S.C. SECTION 1350, SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, John Chen, certify that: 1. I have reviewed this Amendment No. 1 to the quarterly report on Form 10-Q/A of General Steel Holdings, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 1) 2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: August 19, 2014 Zuosheng Yu Chief Executive Officer] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 1) 2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: August 19, 2014 John Chen Chief Financial Officer]

GSI [GENERAL STEEL] 8-K: (Original Filing)

[General Steel Reports Second Quarter 2014 Financial Results Quarterly Gross Margin Improves to a 36-Month High of 4.8% Quarterly EBITDA Improves by $54.4 million Year-over-Year to $33.6 million Quarterly Operating Cash Flows Improve by $121.4 million Year-over-Year to $56.1 million Company Reiterates EPS Guidance of $0.08 to $0.12 for Second Half of 2014 BEIJING – August 14, 2014 Henry Yu,] [1 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Second Quarter 2014 Earnings Call Presentation August 14, 2014 3 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Review of Progress on Key Initiatives Agenda China Steel] [FORM 8-K CURRENT REPORT Date of Report (Date of earliest event reported): August 14, 2014 General Steel Holdings, Inc. Nevada 001-33717 41-2079252 (State or other jurisdiction of incorporation) (IRS Employer Identification Number) Level 21, Tower B, Jia Ming Center + 86 (10) 57757691 (Former name or former address, if changed since last report) ¨ ¨ ¨ ¨ ITEM 2.02 RESULTS]

GSI [GENERAL STEEL] 8-K: General Steel Reports Second Quarter 2014 Financial Results

[General Steel Reports Second Quarter 2014 Financial Results Quarterly Gross Margin Improves to a 36-Month High of 4.8% Quarterly EBITDA Improves by $54.4 million Year-over-Year to $33.6 million Quarterly Operating Cash Flows Improve by $121.4 million Year-over-Year to $56.1 million Company Reiterates EPS Guidance of $0.08 to $0.12 for Second Half of 2014 BEIJING – August 14, 2014 Henry Yu,] [1 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Second Quarter 2014 Earnings Call Presentation August 14, 2014 3 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Review of Progress on Key Initiatives Agenda China Steel] [FORM 8-K CURRENT REPORT Date of Report (Date of earliest event reported): August 14, 2014 General Steel Holdings, Inc. Nevada 001-33717 41-2079252 (State or other jurisdiction of incorporation) (IRS Employer Identification Number) Level 21, Tower B, Jia Ming Center + 86 (10) 57757691 (Former name or former address, if changed since last report) ¨ ¨ ¨ ¨ ITEM 2.02 RESULTS]

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