May 22, 2008 at 3:10 p.m. EDT BEIJING, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. ('General Steel'), ('Company'), (NYSE Arca: GSI), one of China's leading non-state owned steel product producers, announced today it will present at the Oppenheimer 2nd Annual China Dragon Call Conference on May 22, 2008, at 3:10 p.m. EDT. The presentation will be held in the Executive Conference Center at Oppenheimer's 300 Madison Avenue offices in New York City. Representing General Steel will be John Chen, Chief Financial Officer, and Ross Warner, IR Director. Management will also participate in 1 on 1 meetings throughout the day. Attendance at the Oppenheimer 2nd Annual Dragon Call Conference is by invitation only. For more information contact your Oppenheimer institutional sales representative. 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. For more information, please contact: Ross Warner, General Steel Holdings, Inc. Tel: +86-10-5879-7346 (Beijing) Email: Skype: ross.warner.generalsteel Ted Haberfield, HC International, Inc. Tel: +1-760-755-2716 (USA) Email: Web: hcinternational.net DATASOURCE: General Steel Holdings, Inc. CONTACT: Ross Warner, General Steel Holdings, Inc., +86-10-5879-7346 (Beijing), or , or Skype: ross.warner.generalsteel; Ted Haberfield, HC International, Inc., +1-760-755-2716 (USA), or , or web, hcinternational.net

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