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TheStreet Open House

General Steel Begins Construction On Advanced Rebar Production Line At Longmen Joint Venture

Stock quotes in this article: GSI

The new production line utilizes Thermo Mechanical Control Process ("TMCP") technology, which enables ultra fine-grain and uniform rebar production that results in steel products with greater strength and durability.  Steel that is manufactured using TMCP production is typically less susceptible to cold cracking, is better able to withstand extra high-heat input welding, and meets industry standards for seismic-grade rebar.

"The market for seismic rebar has exploded in recent years following the 2008 Wenchuan Earthquake in the eastern Sichuan province of China. This disaster revealed that enforcement of seismic building codes in rural areas of China was lax. Seismic activities in China are typically high frequency, high magnitude, wide distribution and shallow hypocenter, which make China one of the world's most earthquake-hit countries, and the seismic activities in China are chiefly concentrated in the west region, the primary end market for Longmen JV's rebar and other steel products," Mr. Yu added, "Extensive construction activities in the west region following the recent earthquake in China have increased the use of seismic-grade rebar, which we expect to drive significant demand for our seismic-grade rebar in next few years."



In accordance with China's 12th Five-Year Plan for National, Social and Economic Development, the Chinese government issued a national regulation that requires seismic-grade rebar for new housing and infrastructure construction. To promote this upgrade, by the end of 2015, rebar products with greater strength and durability will be awarded 80% of total rebar production volume in China.

About General Steel Holdings, Inc.

General Steel Holdings, Inc., (NYSE: GSI), headquartered in Beijing, China, operates a diverse portfolio of Chinese steel companies. With 7 million metric tons of crude steel production capacity under management, its companies serve various industries and produce a variety of steel products including rebar, 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.

To be added to the General Steel email list to receive Company news, please send your request to generalsteel@tpg-ir.com.



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