Exhibit 99.2

General Steel to Present at Rodman & Renshaw Annual Global Investment Conference on September 10, 2009

Beijing, China, August 31, 2009 -- General Steel Holdings, Inc. (“General Steel” or the “Company”) (NYSE: GSI), one of China’s leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that members of its management team will participate in the Rodman & Renshaw Annual Global Investment Conference to be held at the New York Palace Hotel from Wednesday, September 9 to Friday, September 11, 2009.

Details for the Company’s presentation are as follow:

Date: Thursday, September 10, 2009

Time:	11:40 a.m. to 12:05 p.m. in Louis Salon (4th Floor)
	12:30 p.m. to 12:55 p.m. in Holmes II Salon (4th Floor)

Location: New York Palace Hotel, New York, NY

At the conference, General Steel will also hold one-on-one meetings with investors to discuss the Company’s second quarter of 2009 financial results and business strategy. More information about the Rodman & Renshaw Conference can be found at: http://www.rodm.com/conferences.

About General Steel Holdings, Inc.

General Steel Holdings, Inc., (NYSE: GSI), headquartered in Beijing, China, operates a diverse portfolio of Chinese steel companies. With 6.3 million metric tons of aggregate production capacity, its companies serve various industries and produce a variety of steel products including rebar, hot-rolled carbon and silicon sheet, high-speed wire and spiral-weld pipe. General Steel Holdings, Inc. has steel operations in Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin municipality. For more information, please visit www.gshi-steel.com.

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 investor and media inquiries, please contact:

In China:

Jing Ou-Yang

General Steel Holdings, Inc.

Tel: +86-10-5879-7346

Email: jing.ouyang@gshi-steel.com

Justin Knapp

Ogilvy Financial, Beijing

Tel: +86-10-8520-6556

Email: gsi@ogilvy.com

In the United States:

Jessica Barist Cohen

Ogilvy Financial, New York

Tel: +1-646-460-9989

Email: gsi@ogilvy.com