[TABLE OF CONTENTS PART I ITEM 1. BUSINESS. 4 ITEM 1A. RISK FACTORS. 13 ITEM 1B. UNRESOLVED STAFF COMMENTS. 28 ITEM 2. PROPERTIES. 28 ITEM 3. LEGAL PROCEEDINGS. 30 ITEM 4. MINE SAFETY DISCLOSURES. 30 PART II ITEM 5. 30 ITEM 6. SELECTED FINANCIAL DATA. 31 ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 31] [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% Tianwu General Steel Material Trading Co., Ltd P.R.C. 60.0% Tianjin Qiu Steel Investment Co., Ltd. P.R.C. 98.7% Shaanxi Longmen Iron and] [Consent of Independent Registered Public Accounting Firm To The Board of Directors General Steel Holdings, Inc. and Subsidiaries We consent to the use of our reports dated March 16, 2011, except for the effects on the consolidated statements of the restatement described in Note 2, as to which the date is August 29, 2012, with respect to the consolidated balance] [Certification I, Zuosheng Yu, certify that: 1. I have reviewed this 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 circumstances under which such statements] [Certification I, John Chen, certify that: 1. I have reviewed this 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 circumstances under which such statements] [18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 Zuosheng Yu Chief Executive Officer February 15, 2013 John Chen Chief Financial Officer (Principal Financial Officer) February 15, 2013]