General Steel Holdings, Inc. (GSI)

News and Research on General Steel Holdings, Inc. (GSI)

Business Description

General Steel Holdings, Inc. manufactures hot rolled carbon and silicon steel sheets in the People's Republic of China. The company sells its products primarily to distributors, service centers, and manufacturers of agricultural vehicles through retailers and wholesalers. The Company produces hot rolled carbon and silicon steel sheets. The sizes of sheets are roughly 2,000 mm (width) x 1,000 mm (length) x 0.75 to 2.0 mm (thickness).

The company has entered into a Joint Venture Agreement with Shaanxi Longmen Iron & Steel Group Co., Ltd. The Joint Venture would be located in Shaanxi province, the bridgehead for development in China's Western Region, and produces rebar and infrastructure related steel products.

Marketing and Customers

The company sells its products primarily to distributors, service centers, or manufacturers. The company's products are primarily used by domestic manufacturers of economy agricultural vehicles: small, motorized, 3-wheel vehicles with a payload from 1,650 to 4,400 lbs. (750 to 2,000 kgs), retailing between 1,200 and 1,800 USD (10,000 - 15,000 RMB).

Suppliers

The company purchases raw materials from local steel manufacturers and distributors including but not limited to Tianjin Rong Steel Co., Ltd., Tianjin Ren Ai Steel Co., Ltd., Tianjin Hengying Commercial Trading Co., Ltd., etc.

Competition

The company’s competitors include Tianjin No. 1 Rolling Steel Plant, Tianjin Yinze Metal Sheet Plant and Tangshan Fengrun Metal Sheet Plant.

History

General Steel Holdings, Inc. was founded in 1988.