General Steel Holdings, Inc., through its subsidiaries, primarily engages in the trading of iron ore for steel mills in China.
It has not made profit since 2007, and made a whopping loss of $789.3m in 2015.
It was delisted from the New York Stock Exchange in 2016, as it failed to regain compliance with listing standard requiring companies to maintain either (i) at least $50 million in stockholders’ equity or (ii) at least $50 million in total market capitalization on a 30 trading day average basis. It is now traded over the counter.
General Steel: 2007 Annual Report, 31 Mar 2008
StreetInsider: NYSE to Suspend Trading in General Steel Holdings (GSI) and Commence Delisting, 18 Jul 2016