General Steel Holdings (GSI) Reports Q1 Loss of $0.73
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General Steel Reports First Quarter 2015 Financial Results
May 15, 2015 6:00 AM EDTBEIJING, May 15, 2015 /PRNewswire/ --Â General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-controlled steel producer in China, today announced its financial results for the first quarter ended March 31, 2015.
Henry Yu, Chairman and Chief Executive Officer of General Steel commented, "The first quarter of 2015 was very tough for China's iron and steel industry, as the combination of the government's stricter environmental enforcement and a slowdown in demand sharply pressured average selling price and profitability. The average price of rebar encountered a steep double-digit sequential... More
