General Steel Holdings (GSI US)

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

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