BEIJING, May 13 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings,
Inc. (''General Steel''), (the ''Company''), (NYSE Arca: GSI), one of China's
leading non-state owned steel products producer; announced today that its
operations were not adversely affected by the recent earthquake in the Sichuan
province of China.
Henry Yu, CEO and Chairman of General Steel Holdings, Inc. stated, "We are
deeply saddened over this tragic event that has taken place in Sichuan.
General Steel employees are banding together to offer practical assistance to
those in the area whose lives have been impacted by this sudden and
devastating event. Our thoughts and prayers go out to all those suffering at
this time."
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 rebar, hot-rolled carbon and silicon sheet
and spiral-weld pipe. The Company has steel operations in Shaanxi province,
Inner Mongolia Autonomous Region and Tianjin municipality.
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.
SOURCE General Steel Holdings, Inc.
