General Steel (GSIH) 10-K 17 Dec 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 10, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	GENERAL STEEL HOLDINGS INC
Entity Central Index Key	1,239,188
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0.9
Trading Symbol	GSIH
Entity Common Stock, Shares Outstanding		41,838,864
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash	$ 5,260	$ 3,797
Other receivables, net	2,500	598
Other receivables - related party	0	40,749,746
Current assets held for sale	0	30,581,807
TOTAL CURRENT ASSETS	7,760	71,335,948
OTHER ASSETS:
Equipment, net	217	214
Investment in unconsolidated entities	14,708,681	12,758,610
TOTAL OTHER ASSETS	14,708,898	12,758,824
TOTAL ASSETS	14,716,658	84,094,772
CURRENT LIABILITIES:
Other payables and accrued liabilities	2,129,754	732,054
Other payables - related parties	8,445,288	49,830,622
Current liabilities held for sale	0	29,006,872
TOTAL CURRENT LIABILITIES	10,575,042	79,569,548
COMMITMENTS AND CONTINGENCIES
EQUITY:
Common stock, $0.001 par value, 200,000,000 shares authorized, 20,694,670 and 20,494,670 shares issued, and 20,200,208 and 20,000,208 shares outstanding as of and December 31, 2017 and 2016, respectively	20,695	20,495
Treasury stock, at cost, 494,462 shares as of December 31, 2017 and 2016	(839,686)	(839,686)
Additional paid-in-capital	1,256,955,395	1,253,384,214
Statutory reserves	1,107,010	1,107,010
Accumulated deficit	(1,256,044,414)	(1,250,521,814)
Accumulated other comprehensive income	2,939,523	1,371,912
TOTAL GENERAL STEEL HOLDINGS, INC. EQUITY	4,141,616	4,525,224
TOTAL LIABILITIES AND EQUITY	14,716,658	84,094,772
Series A Preferred Stock [Member]
EQUITY:
Preferred stock	3,093	3,093
Series B Preferred Stock [Member]
EQUITY:
Preferred stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Common Stock, par or stated value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares, issued	20,694,670	20,494,670
Common stock, shares, outstanding	20,200,208	20,000,208
Treasury stock, shares	494,462	494,462
Series A Preferred Stock [Member]
Preferred Stock, par or stated value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	3,092,899	3,092,899
Preferred stock, shares outstanding	3,092,899	3,092,899
Series B Preferred Stock [Member]
Preferred Stock, par or stated value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
GENERAL AND ADMINISTRATIVE EXPENSES	$ 238,414	$ 2,709,557
LOSS FROM OPERATIONS	(238,414)	(2,709,557)
OTHER INCOME (EXPENSE)
Income (loss) from equity investment	1,048,800	(1,203,890)
Finance/interest expense	(1,415)	(374)
Gain from debt settlement	0	2,454,546
Gain from disposal of Catalon	0	6,268,930
Other expense	0	(140,000)
Other income, net	1,047,385	7,379,212
INCOME BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST	808,971	4,669,655
PROVISION FOR INCOME TAXES	0	0
NET INCOME FROM CONTINUING OPERATIONS	808,971	4,669,655
DISCONTINUED OPERATIONS - Note 2(o):
NET INCOME FROM OPERATIONS TO BE DISPOSED, net of applicable income taxes	0	121,389
NET LOSS FROM OPERATIONS DISPOSED, net of applicable income taxes	(6,331,571)	(2,530,190)
NET INCOME (LOSS)	(5,522,600)	2,260,854
Less: Net loss attributable to noncontrolling interest from operations disposed	0	(25,300)
NET INCOME (LOSS) ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC.	(5,522,600)	2,286,154
NET INCOME (LOSS)	(5,522,600)	2,260,854
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustments	1,567,611	(645,640)
COMPREHENSIVE INCOME (LOSS)	(3,954,989)	1,615,214
Less: Comprehensive loss attributable to noncontrolling interest	0	(33,300)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC.	$ (3,954,989)	$ 1,648,514
WEIGHTED AVERAGE NUMBER OF SHARES	20,150,208	17,302,352
INCOME (LOSS) PER SHARE - BASIC AND DILUTED
Continuing operations	$ 0.04	$ 0.27
Operations to be disposed	0	0
Operations disposed	(0.31)	(0.15)
Net income (loss) per share	$ (0.27)	$ 0.13

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Preferred stock [Member]	Common stock [Member]	Treasury stock [Member]	Additional paid-in capital [Member]	Statutory reserves [Member]	Unrestricted Reserves [Member]	Accumulated other comprehensive income [Member]	Noncontrolling interest [Member]
BALANCE at Dec. 31, 2015	$ (42,398,187)	$ 3,093	$ 17,802	$ (839,686)	$ 1,208,666,677	$ 1,107,010	$ (1,252,807,968)	$ 2,017,552	$ (562,667)
BALANCE (in shares) at Dec. 31, 2015		3,092,889	17,802,357	(494,462)
Net income (loss)	2,286,154						2,286,154
Net loss attributable to noncontrolling interest	(25,300)								(25,300)
Common stock issued	1,500,000		$ 1,500		1,498,500
Common stock issued (in shares)			1,500,000
Common stock issued for services	732,845		$ 520		732,325
Common stock issued for services (in shares)			519,586
Common stock issued for debt cancellation	1,146,087		$ 3,273		1,142,814
Common stock issued for debt cancellation (in shares)			3,272,727
Disposal of Catalon	(4,079,260)		$ (2,600)		(4,313,400)				236,740
Disposal of Catalon (in shares)			(2,600,000)
Sale of Steel Operations to related party	46,016,525				45,657,298				359,227
Foreign currency translation adjustments	(653,640)							(645,640)	(8,000)
BALANCE at Dec. 31, 2016	4,525,224	$ 3,093	$ 20,495	$ (839,686)	1,253,384,214	1,107,010	(1,250,521,814)	1,371,912	0
BALANCE (in shares) at Dec. 31, 2016		3,092,889	20,494,670	(494,462)
Gain from disposal of subsidiary to related party	3,331,381				3,331,381
Stock compensation	240,000		$ 200		239,800
Stock compensation (in shares)			200,000
Net income (loss)	(5,522,600)						(5,522,600)
Foreign currency translation adjustments	1,567,611							1,567,611
BALANCE at Dec. 31, 2017	$ 4,141,616	$ 3,093	$ 20,695	$ (839,686)	$ 1,256,955,395	$ 1,107,010	$ (1,256,044,414)	$ 2,939,523	$ 0
BALANCE (in shares) at Dec. 31, 2017		3,092,889	20,694,670	(494,462)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (loss)	$ (5,522,600)	$ 2,260,854
Net income from operations to be disposed	0	121,389
Net loss from operations disposed	(6,331,571)	(2,530,190)
Net income from continuing operations	808,971	4,669,655
Adjustments to reconcile net loss to cash provided by (used in) operating activities from continuing operations:
Bad debt expenses	0	169,055
Share-based compensation	0	847,446
Loss from equity investment	(1,048,800)	1,203,890
Gain from debt settlement	0	(2,454,546)
Gain from disposal of Catalon	0	(6,268,930)
Changes in operating assets and liabilities
Other receivables	0	(6,896)
Other receivables, related party	(534)	0
Other payables and accrued liabilities	131,524	462,497
Net cash used in operating activities from operations to be disposed/ operations disposed	(1,160,367)	(1,524,244)
Net cash used in operating activities	(1,269,206)	(2,902,073)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceed from sale of subsidiary	22,785,784	0
Purchase of equipment	0	(1,413)
Net cash used in by investing activities	22,785,784	(1,413)
CASH FLOWS FINANCING ACTIVITIES:
Borrowings from related parties	19,196,997	1,454,473
Repayment to related parties	(43,344,792)	0
Proceed from short term borrowings	1,479,596
Proceed from private placement	0	1,500,000
Net cash provided by financing activities from operations to be disposed / operations disposed	1,139,451	0
Net cash provided by financing activities	(21,528,748)	2,954,473
EFFECTS OF EXCHANGE RATE CHANGE IN CASH	18,992	(37,616)
INCREASE IN CASH	6,822	13,371
CASH, beginning of year	55,865	42,498
CASH, end of year	10,619	55,865
Less: cash from operations disposed/to be disposed, end of year	(5,359)	(52,068)
CASH FROM CONTINUING OPERATIONS, end of year	$ 5,260	$ 3,797

Organization and Operations

Organization and Operations	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 – Organization and Operations General Steel Holdings, Inc. (the “Company”) was incorporated on August 5, 2002 in the state of Nevada. The Company through its 100% owned subsidiary, General Steel Investment Co., Ltd., has been operating steel companies serving various industries in the People’s Republic of China (“PRC”). The Company’s main operation, since its disposal of its significant steel producing operating assets at December 31, 2016 and the disposal of its final steel producing operating assets on March 21, 2016, has been its trading business in iron ore, nickel-iron-manganese alloys, and other steel-related products until December 31, 2107. The Company, together with its subsidiaries, majority owned subsidiaries and variable interest entity, is referred to as the “Group”. In view of the challenges for the steel manufacturing sector, the Company strategically accelerated its business transformation between 2016 and 2017. The Company’s transformation strategy was to pursue opportunities that offer compelling benefits to the Company’s organization and shareholders, and includes:  First, strengthen the Company’s financials while providing the financial flexibility to pursue higher return, higher growth opportunities;  Second, reduce the complexity of the Company’s business structure, which is consistent with the Company’s objectives for internal simplification and operating efficiency;  Third, diversify operating risk in order to lower the Company’s high reliance on steel business, while at the same time leverage on the Company’s vast vertical resources in the steel industry; and  Fourth, pursue opportunities for additional value creation. On November 4, 2015, the Company's Board of Directors (the "Board"), including the audit committee, committed to a plan and authorized the Company's management to pursue the potential sale of all its ownership interest in Maoming Hengda Steel Company, Ltd. ("Maoming Hengda") and Shaanxi Longmen Iron and Steel Co., Ltd. (“Longmen Joint Venture”) in order to unlock the value in Maoming Hengda's land assets, as well as divest from and restructure the steel business. On March 21, 2016, the Company sold its interest in Maoming Hengda thereby fully completing the divestiture of its steel manufacturing business as planned. As a result, Maoming Hengda’s financial information was presented as operation disposed and assets and liabilities held for sales in the consolidated financial statements. Other Business Operations: The Company established a subsidiary wholly owned by General Steel Investment Co., Ltd., Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. (“Tongyong Shengyuan”) in June 2015. Tongyong Shengyuan is the holding company for Tianjin Shuangsi Trading Co. Ltd. (“Tianjin Shuangsi”). In October 2015, the Company completed its acquisition of an 84.5% equity interest in Catalon Chemical Corp. (“Catalon”), a Delaware corporation headquartered in Virginia that develops and manufactures De-NOx honeycomb catalysts and industrial ceramics. Prior to December 31, 2015, the Company became aware of some operational issues related to Catalon. It was determined that such issues might have affected the prior operations of Catalon as well as the ability to conduct business in the future. As such, the Company is expected to cancel the shares issued to the 84.5% original owners of Catalon in accordance with the terms of the agreement. Therefore the Company presented Catalon’s remaining assets, after impairment charges, and liabilities as held for sale as of December 31, 2015. On March 31, 2016 the Company decided to dispose of Catalon, so the result of operations of Catalon was presented as discontinued operations in the consolidated financial statements. The Company’s remaining business is primarily comprised of Tianjin Shuangsi Trading Co. Ltd. (“Tianjin Shuangsi”), a trading company in which the Company acquired 100% equity interest on February 16, 2016 for consideration of $0.03 million as Tianjin Shuangsi was established by the chief executive officer of the Company’s related entity and his relative. Tianjin Shuangsi primarily trades iron ore, nickel-iron-manganese alloys, and other steel-related products. On December 31, 2017, the Company sold Tianjin Shuangsi to Wendler Investment & Management Group Co., Ltd, a related party, no consideration was received. Therefore the result of operations was presented as operations to be disposed in December 31, 2016 in the consolidated financial statements. See Note 2(o) – Operations held for sale and operations disposed/to be disposed.

Summary of significant accounti

Summary of significant accounting policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 – Summary of significant accounting policies The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements include the accounts of all directly, indirectly owned subsidiaries and the variable interest entity listed below. All material intercompany transactions and balances have been eliminated in consolidation. (a) Basis of presentation The consolidated financial statements of the Company reflect the activities of the following major directly owned subsidiaries as of December 31, 2017 and 2016: Subsidiary Percentage of Ownership General Steel Investment Co., Ltd. British Virgin Islands 100.0 % Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. (“Tongyong Shengyuan”) PRC 100.0 % Tianjin Shuangsi Trading Co. Ltd. * * Tianjin Shuangsi was disposed on December 31, 2017 and its results of operations were presented as operations disposed for 2017 and operations to be disposed for 2016. (b) Principles of consolidation – subsidiaries The accompanying consolidated financial statements include the financial statements of the Company and its subsidiaries. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. All significant inter-company transactions and balances have been eliminated upon consolidation. (c) Going concern Pursuant to ASU 2014-15, the Company has assessed its ability to continue as a going concern for a period of one year from the date of the issuance of these consolidated financial statements. Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year from the financial statement issuance date. The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently has an accumulated deficit, working capital deficit, and incurred negative cash flows from operating activities. These conditions raise substantial doubt as to its ability to continue as a going concern. These consolidated financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on its ability to obtain financial support and credit guarantee from the Company’s shareholders or other available resources from the PRC banks and other financial institutions given the Company’s credit history. However, there is no assurance that the Company will be successful in this or any of its endeavors or become financially viable to continue as a going concern. (d) Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and footnotes. Actual results could differ from these estimates. (e) Concentration of risks and other uncertainties The Company’s operations are carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. One of the Company’s customers, a related party individually accounted for 96.7% of total sales of the Company, disposed for the year ended December 31, 2017. Three of the Company’s customers from operations to be disposed, all related parties, individually accounted for 33.0%, 29.5% and 6.3% of total gross sales for the year ended December 31, 2016 respectively. None of the Company’s customers individually accounted for more than 10% of total accounts receivable as of December 31, 2017. One of the Company’s customers, a related party, accounted for 100% of the total customer deposit as of December 31, 2016 from operations to be disposed. Three of the Company’s suppliers, all related parties, individually accounted for 47.7%, 35.6% and 15.2% of the total purchases for the year ended December 31, 2017 from operations to be disposed while three of the Company’s suppliers, including two related parties, individually accounted for 29.6%, 15.0% and 40.1% of the total purchases for the year ended December 31, 2016 from operations to be disposed. None of the Company’s suppliers individually accounted for more than 10% of total accounts payable as of December 31, 2017. Three of the Company’s suppliers, all related parties, individually accounted for 46.8%, 16.0% and 37.2% of total accounts payable as of December 31, 2016 from operations to be disposed. (f) Foreign currency translation and other comprehensive income The reporting currency of the Company is the U.S. dollar. The Company’s subsidiaries and VIE in China use the local currency, Renminbi (“RMB”), as their functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. The statement of operations accounts are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Translation adjustments included in accumulated other comprehensive income amounted to $2.94 million and $1.37 million as of December 31, 2017 and 2016, respectively. The balance sheet amounts, with the exception of equity at December 31, 2017 and 2016 were translated at 6.51 RMB and 6.94 RMB to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rates applied to statement of operations accounts for the years ended December 31, 2017 and 2016 were 6.76 RMB and 6.64 RMB, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet. The PRC government imposes significant exchange restrictions on fund transfers out of the PRC that are not related to business operations. These restrictions have not had a material impact on the Company because it has not engaged in any significant transactions that are subject to the restrictions. (g) Financial instruments The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company. The Company considers the carrying amount of cash, accounts receivable, other receivables, other payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow:  Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.  Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.  Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. The Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value. (h) Cash Cash includes cash on hand and demand deposits in banks with original maturities of less than three months. (i) Accounts receivable and allowance for doubtful accounts Accounts receivable include trade accounts due from customers and other receivables from cash advances to employees, related parties or third parties. An allowance for doubtful accounts is established and recorded based on managements’ assessment of potential losses based on the credit history and relationships with the customers. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. (j) Inventories Inventories are mainly finished goods and are stated at the lower of cost or market using the first-in, first-out method. Management reviews inventories for obsolescence and cost in excess of net realizable value at least annually and records a reserve against the inventory and additional cost of goods sold when the carrying value exceeds net realizable value. (k) E quipment, net Equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with a %- % residual value. Office equipment 5 Years The Company considers assets to be impaired if the carrying value exceeds the future projected cash flows from related operations. (l) Investments in unconsolidated entities Entities in which the Company has the ability to exercise significant influence, but does not have a controlling interest, are accounted for using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock between 20% and 50%, and other factors, such as representation on the Board of Directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting is appropriate. The Company accounts for investments with ownership less than 20% using the cost method. On December 28, 2015, Tongyong Shengyuan acquired 32% equity interest in Tianwu General Steel Material Trading Co., Ltd. (“Tianwu”)for $14.9 million (RMB 96.6 million). As of December 31, 2017 and 2016, Tongyong Shengyuan’s net investment in the unconsolidated entity amounted to $14.7 million and $12.8 million, respectively. Total investment income in unconsolidated subsidiaries from continuing operations amounted to $1.0 million for the year ended December 31, 2017 and a loss of $1.2 million for the year ended December 31, 2016 which was included in “Income (loss) from equity investment” in the consolidated statements of operations and comprehensive income (loss). The Company performed a significance test in accordance with SEC Rule 1-02(w) of Regulation S-X and determined Tianwu qualify as a significant equity investee. The condensed consolidated financial statements of Tianwu is presented as follows: CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) For the year ended December 31, 2017 2016 CURRENT ASSETS: Cash $ 705 $ 207 Other receivables, net 26,855 4,828 Prepayments 40,058 80,243 Inventory 5 1,713 Total current assets 67,623 86,991 Property and equipment, net 8 98 Operations held for sale 30,081 20,355 TOTAL ASSETS $ 97,704 $ 107,444 CURRENT LIABILITIES: Accounts payable $ 1,366 $ 4,133 Short term loans 3,074 2,880 Other payables and accrued liabilities 8,824 24,594 Taxes payable 49 56 Total current liabilities 13,313 31,663 NON-CURRENT LIABILITIES Long term loans 38,426 35,998 Total liabilities 51,739 67,661 Capital 48,860 48,860 Retained deficit (5,799 ) (9,077 ) Accumulated other comprehensive income 2,904 - Total equity 45,965 39,783 TOTAL EQUITY AND LIABILITIES $ 97,704 $ 107,444 CONDENSED CONSOLIDTED STATEMENTS OF OPERATIONS (In thousands) For the years ended December 31 2017 2016 NET REVENUE 2,614 2,818 OPERATING EXPENSES 239 570 FINANCE EXPENSES 7,087 3,905 OTHER EXPENSE /(INCOME), NET (69 ) (74 ) TOTAL EXPENSES 7,257 4,401 LOSS BEFORE PROVISION FOR INCOME TAXES (4,643 ) (1,583 ) PROVISION FOR INCOME TAXES 18 19 NET LOSS FROM CONTINUING OPERATIONS (4,661 ) (1,602 ) NET INCOME (LOSS) FROM OPERATIONS HELD FOR SALE 7,939 (2,160 ) NET INCOME (LOSS) $ 3,278 $ (3,762 ) (m) Revenue recognition Sales is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, the Company has no other significant obligations and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are recorded as customer deposits. Sales represent the invoiced value of goods, net of value-added tax (VAT). All of the Company’s products sold in the PRC are subject to a value-added tax at a rate of 13% or 17% of the gross sales price. This VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing the finished product. Gross versus Net Revenue Reporting In the normal course of the Company’s trading business, the Company orders directly the iron ore, nickel-iron-manganese alloys, and other steel-related products from its suppliers and drop ships the products directly to its customers. In these situations, the Company generally collects the sales proceeds directly from its customers and pays for the inventory purchases to its suppliers separately. The determination of whether revenues should be reported on a gross or net basis is based on the Company’s assessment of whether it is the principal or an agent in the transaction. In determining whether the Company is the principal or an agent, the Company follows the accounting guidance for principal-agent considerations. Because the Company is not the primary obligor and is not responsible for (i) fulfilling the steel-related products delivery, (ii) establishing the selling prices for delivery of the steel-related products, (iii) performing all billing and collection activities including retaining credit risk and (iv) baring the back-end risk of inventory loss with respect to any product return from its customer, the Company has concluded that it is the agent in these arrangements, and therefore report revenues and cost of revenues on a net basis. For the year ended December 31, 2017, the Company had gross sales of $13.81 million, of from operations disposed which $13.4 million were related party sales. Net loss for related party sales were $6.31 million and $0.17 million for non related party. For the year ended December 31, 2016, the Company had gross sales of $140.9 million, of from operations disposed which $89.2 million were related party sales. Net revenue for related party sales were $0.01 million and $0.22 million for non related party. See details of related party sales and purchases in Note 8. (n) Share-based compensation The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with the accounting standards regarding accounting for stock-based compensation and accounting for equity instruments that are issued to other than employees for acquiring or in conjunction with selling goods or services. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably determinable. The value of equity instruments issued for consideration other than employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services as defined by these accounting standards. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement. (o) Operations held for sale and operations disposed/to be disposed In accordance with ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when the components of an entity meet the criteria in paragraph 205-20-45-1E to be classified as held for sale. When all of the criteria to be classified as held for sale are met, including management, having the authority to approve the action, commits to a plan to sell the entity, the major current assets, other assets, current liabilities, and noncurrent liabilities shall be reported as components of total assets and liabilities separate from those balances of the continuing operations. At the same time, the results of all discontinued operations (which we presented as operations to be disposed and operations disposed), less applicable income taxes (benefit), shall be reported as components of net income (loss) separate from the net income (loss) of continuing operations in accordance with ASC 205-20-45. On December 31, 2017, the Company sold Shuangsi to Wendler Investment & Management Group Co., Ltd, a related party, no consideration was received. Since Shuangsi’s net deficit as of December 31, 2017 was $ 3.33 3.33 (In thousands) December 31, 2016 Carrying amounts of major classes of assets included as part of discontinued operations: CURRENT ASSETS: Cash $ 26 Accounts receivable, net 1 Other receivables - related parties, net 30,554 Other assets 1 Total assets of the disposal group classified as held for sale $ 30,582 Carrying amounts of major classes of liabilities included as part of discontinued operations: CURRENT LIABILITIES: Accounts payable - related parties $ 13,448 Other payables and accrued liabilities 2,447 Other payables - related parties 773 Customer deposits - related parties 12,242 Taxes payable 97 Total current liabilities held for sale 29,007 Total liabilities of the disposal group classified as held for sale $ 29,007 Reconciliation of the Amounts of Major Classes of Income and Losses from Operations to be Disposed Classified as Held for Sale and Disposed in the Consolidated Statements of Operations and Comprehensive Loss. For the years ended December 31, 2017 2016 Operations to be disposed: SALES $ - $ 218 SALES – RELATED PARTIES - 12 TOTAL SALES - 230 COST OF GOODS SOLD - GROSS (LOSS) PROFIT - 230 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (60 ) INCOME (LOSS) FROM OPERATIONS - 170 OTHER INCOME (EXPENSE) Finance/interest expense - (8 ) Other non-operating expense, net - - Other expense, net - (8 ) LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST 162 PROVISION FOR INCOME TAXES - 40 NET LOSS FROM OPERATIONS TO BE DISPOSED $ - $ 122 For the years ended December 31, 2017 2016 Operations Disposed: COST OF GOODS SOLD $ 6,311 $ SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (20 ) (2,530 ) (LOSS) INCOME FROM OPERATIONS (6,331 ) (2,530 ) Other expense, net (1 ) (2,530 ) LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST (6,332 ) (2,530 ) PROVISION FOR INCOME TAXES - - NET LOSS FROM OPERATIONS DISPOSED (6,332 ) (2,530 ) Less: Net loss attributable to noncontrolling interest from operations disposed - (26 ) NET LOSS FROM OPERATIONS DISPOSED ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC. $ (6,332 ) $ (2,504 ) The net deficiency of Shuangsi as of December 31, 2017 is as follows: (In thousands) December 31, 2017 CURRENT ASSETS: Cash $ 6 Prepaid taxes 1,048 Receivables 147 Total current 1,201 CURRENT LIABILITIES: Other payable and accrued liabilities 2,654 Other payables - related parties 2,008 Total current liabilities 4,662 Accumulated other comprehensive income 130 Total net deficiency (3,331 ) Net consideration - Gain in disposal of subsidiary $ 3,331 Maoming Hengda On March 21, 2016, the Company, along with its 1 99 328.0 50.5 262.3 40.4 65.7 10.1 RMB 155.3 million or approximately $23.9 RMB 154.0 million (approximately $23.9 . Accordingly, the Company recorded the total amount of net consideration of $45.7 follows: (In thousands) March 21, 2016 CURRENT ASSETS: Cash $ 2 Accounts receivable, net 344 Other receivables, net 15 Total currents 361 OTHER ASSETS: Property and equipment, net 16,321 Long-term deferred expense 2 Intangible assets, net of accumulated amortization 2,023 Total other assets 18,346 Total assets $ 18,707 CURRENT LIABILITIES: Accounts payable 6,377 Short term loans - other 464 Other payables and accrued liabilities 3,033 Other payables - related parties 430 Other payables - intercompany 30,650 Total current liabilities 40,954 NON-CONTROLLING INTEREST (16 ) Total net deficiency (22,232 ) Net consideration (23,507 ) Currency translation adjustment 81 Total addition to paid-in capital $ (45,658 ) Catalon Due to operational issues, Catalon was not able to meet the Minimum Sales Target or Minimum Net Profit applicable as stipulated in the Stock Exchange agreement, therefore the board has voted unanimously to cancel the shares that were placed in escrow for the selling shareholders. As such the Company deconsolidated Catalon on March 31, 2016. The net deficiency of Catalon as of March 31, 2016 is as follows: (In thousands) March 31, 2016 CURRENT ASSETS: Cash $ 24 Total current 24 CURRENT LIABILITIES: Other payables - related parties 2,279 Total current liabilities 2,279 NON-CONTROLLING INTEREST (358 ) Total net deficiency (1,953 ) Net consideration (4,316 ) Gain in disposal of subsidiary $ (6,269 ) (p) Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications have no effect on the accompanying consolidated statements of operations and cash flows. (q) Non-controlling interest Non-controlling interest mainly consists of an individual’s 1% interest in Maoming Hengda prior to March 21, 2016, and two individuals’ 15.5% interest in Catalon prior to March 31, 2016. The non-controlling interests are presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interests in the results of the Company are presented on the face of the consolidated statement of operations as an allocation of the total income or loss for the year between non-controlling interest holders and the shareholders of the Company. (r) Earnings (loss) per share The Company has adopted the accounting principles generally accepted in the United States regarding earnings per share (“EPS”), which requires presentation of basic and diluted earnings (loss) per share in conjunction with the disclosure of the methodology used in computing such earnings (loss) per share. Basic earning s (loss) per share are computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings (loss) per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. (s) Treasury Stock Treasury stock consists of shares repurchased by the Company that are no longer outstanding and are held by the Company. Treasury stock is accounted for under the cost method. As of December 31, 2017 and 2016, the Company had repurchased 494,462 total shares of its common stock, given retroactive effect to the 1-for-5 reverse stock split effective on October 29, 2015, under the share repurchase plan approved by the Board of Directors in December 2010. (t) Income taxes The Company accounts for income taxes in accordance with the accounting principles generally accepted in the United States for income taxes. Under the asset and liability method as required by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes. The accounting principles generally accepted in the United States for accounting for uncertainty in income taxes clarify the accounting and disclosure for uncertain tax positions. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The charge for taxation is based on the results for the year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, net operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. No significant penalties or interest relating to income taxes have been incurred during the years ended December 31, 2017 and 2016. As of December 31, 2017, the Company’s income tax returns filed for December 31, 2015, 2014, 2013 and 2012 remain subject to examination by the taxing authorities. The Company has not filed its 2016 federal tax return as of the date of the filing and has accrued $140,000 in estimated penalty for the year. (u) Recently issued accounting pronouncements In January 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. The update requires equity investments (except those accounted for under the equity method or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. It eliminated the requirement for public entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. For public entities, the ASU is effective for the fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements. In February 2016, the FASB issued ASU 2016-02 Amendments to the ASC 842 Leases. This update requires lessee to recognize the assets and liability (the lease liability) arising from operating leases on the balance sheet for the lease term. When measuring assets and liabilities arising from a lease, a lessee (and a lessor) should include payments to be made in optional periods only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. Within a twelve months or less lease term, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. If a lessee makes this election, it should recognize lease expense on a straight-line basis over the lease term. In transition, this update will be effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In April 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, EPS, and the statement of cash flows. Implementation and administration may present challenges for companies with significant share-based payment activities. The ASU is effective for public companies in annual periods beginning after December 15, 2016, and interim periods within those years. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The objective is to clarify the two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for these areas. The ASU affects the guidance in ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for this ASU are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by ASU 2014-09). ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of ASU 2014-09 by one year. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In May 2016, th

Other receivables (including re

Other receivables (including related parties), net	12 Months Ended
	Dec. 31, 2017
Other Receivables [Abstract]
Financing Receivables [Text Block]	Note 3– Other receivables (including related parties), net Other receivables, including related party receivables, net of allowance for doubtful accounts consists of the following: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Other receivables $ 124 $ 169 Other receivables – related party - 71,304 Less: allowance for doubtful accounts (121 ) (169 ) Net other receivables 3 71,304 Less: other receivables – held for sale - (30,554 ) Net other receivables – continuing operations $ 3 $ 40,750 Movement of allowance for doubtful accounts, including related parties, is as follows: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Beginning balance $ 169 $ - Charge to expense - 169 Write off (48 ) - Ending balance 121 169 Less: balance – held for sale - - Ending balance – continuing operations $ 121 $ 169

Equipment, net

Equipment, net	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 4 – Equipment, net Equipment consist of the following: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Office equipment $ 7 $ 7 Less: accumulated depreciation (7 ) (6 ) Equipment, net – held for sale $ - $ 1 Less: equipment, net – held for sale - (1 ) Net equipment, net – continuing operations $ - $ -

Other payable and accrued liabi

Other payable and accrued liabilities	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 5 – Other payable and accrued liabilities Other payable and accrued liabilities consist of the following: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Salary payable $ 142,404 $ 142,404 Short term payable, no interest due on demand 1,479,596 - Professional fees 507,754 589,650 Net equipment, net – continuing operations $ 2,129,754 $ 732,054

Supplemental disclosure of cash

Supplemental disclosure of cash flow information	12 Months Ended
	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Cash Flow Supplemental Disclosures [Text Block]	Note 6 - Supplemental disclosure of cash flow information No cash was paid for interest or income tax for the years ended December 31, 2017 and 2016. During the year ended December 31, 2017, the Company increased additional paid-in capital of $3.33 million as a result of the gain on sale of subsidiary to a related party. During the year ended December 31, 2017, the Company issued 200,000 shares common stock to pay off $240,000 of accrued liability. During the year ended December 31, 2016, the Company increased additional paid in capital of $45.6 million as a result of the gain on sale of subsidiary to a related . During the year ended December 31, 2016, the Company incurred $0.61 million share-based compensation expense to pay off its accrued liabilities. On August 10, 2016, the Company signed two offset agreements with Tianwu Tongyuan and two of its debtors, GS China and Qiu Steel, to offset its payables of RMB 262.3 million (approximately $40.4 million) to its debtors with Tianwu Tongyong. The Company offset $10.6 million of other receivable – related parties with other payable – related parties for the year ended December 31, 2016. On August 19, 2016, the Company signed a debt cancellation agreement with Oriental Ace Limited, an unrelated third party, in conversion of short-term loan payable of $3.6 million into 3,272,727 shares of Common Stock at $0.35per share resulting in a gain on debt extinguishment of $2,454,546. During the year ended December 31, 2016, the Company incurred $0.24 million share-based compensation expense for consulting services.

Taxes

Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 7 – Taxes Income tax Significant components of the provision for income taxes on earnings and deferred taxes on net operating losses from operations for the years ended December 31, 2017 and 2016 are as follows: (In thousands) For the year ended December 31, 2017 For the year ended December 31, 2016 Current $ - $ 40 Total provision for income taxes – operations held for sale $ - $ 40 Under the Income Tax Laws of the PRC, Tianjin Shuangsi and Maoming Hengda (located in Guangdong province) are subject to income tax at a rate of 25%. Deferred taxes assets – China According to Chinese tax regulations, net operating losses can be carried forward to offset operating income for the next five years. The Company’s losses carried forward from operations disposed of $930.6 million has begun to expire in 2016. Management has provided 100% valuation allowance for the deferred tax assets. $0 . Deferred taxes assets – U.S. General Steel Holdings, Inc. was incorporated in the United States and has incurred net operating losses for income tax purposes for the year ended December 31, 2017. The net operating loss carry forwards for United States income taxes amounted to $6.6 million, which may be available to reduce future years’ taxable income. The Company has no cumulative proportionate retained earnings from profitable subsidiaries as of December 31, 2017. Accordingly, no provision has been made for U.S. deferred taxes related to future repatriation of these earnings, nor is it practicable to estimate the amount of income taxes that would have to be provided if we concluded that such earnings will be remitted in the future. On December 22, 2017, the “Tax Cuts and Jobs Act” (the “Act”) was enacted. Under the provisions of the Act, the U.S. corporate tax rate decreased from 35% to 21%. Additionally, the Tax Act imposes a one-time transition tax on deemed repatriation of historical earnings of foreign subsidiaries, and future foreign earnings are subject to U.S. taxation. The not have material effect on the Company’s financials as the Company has and has provided full valuation allowance to its deferred tax assets.

Related party transactions and

Related party transactions and balances	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 8 – Related party transactions and balances Related party transactions a. The following chart summarized gross sales to related parties for the years ended December 31, 2017 and 2016. Name of related parties Relationship For the year ended December 31, 2017 For the year ended December 31, 2016 (in thousands) (in thousands) Tianjin Dazhen Industry Co., Ltd Partially owned by CEO through indirect shareholding** (45 ) 18 Tianjin Qiu Steel Investment Co., Ltd Partially owned by CEO through indirect shareholding 77 - Tianjin Hengying Trading Co., Ltd Partially owned by CEO through indirect shareholding 13,360 45,742 Tianjin Daqiuzhuang Steel Plates Co., Ltd Partially owned by CEO through indirect shareholding - 7,630 Wendlar Tianjin Industry Co., Ltd. (Formerly known as Qiu Steel) Partially owned by CEO through indirect shareholding - 35,663 Total 13,392 89,053 Less: Sales to related parties from operations disposed/held for sale (13,392 ) (89,053 ) Sales–related parties – continuing operations $ - $ - **The CEO is referred to herein as the chief executive officer of General Steel Holdings, Inc. Mr. Zuosheng Yu. Sales to related parties in trading transactions from disposed operations, which were netted against the corresponding cost of goods sold, amounted to $6.4 million net cost of sales and $0.01 million net revenue for the years ended December 31, 2017 and 2016, respectively. b. The following charts summarize purchases from related parties for the years ended December 31, 2017 and 2016. Name of related parties Relationship For the year ended December 31, 2017 For the year ended December 31, 2016 (in thousands) (in thousands) Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) Partially owned by CEO through indirect shareholding 3,063 21,192 Tianjin Hengying Trading Co., Ltd Partially owned by CEO through indirect shareholding - 9,579 General Steel (China) Co., Ltd Partially owned by CEO through indirect shareholding 9,607 56,515 Tianjin DazhenTrading Co., Ltd Partially owned by CEO through indirect shareholding 7,169 11,855 Total $ 19,839 $ 99,141 Less: Purchases from related parties from operations disposed/held for sale (19,839 ) (99,141 ) Purchase–related parties – continuing operations $ - $ - c. 3.31 3.31 d. On March 21, 2016, the Company, along with its 1% minority interest holder, jointly signed an equity transfer agreement (the "Agreement") to sell 100% of the equity interest in Maoming Hengda to Tianwu Tongyong (Tianjin) International Trade Co., Ltd, ("Tianwu Tongyong"), a related party, in which the Company has 32% equity interest for RMB 331.3 million or approximately $51 million. The agreement was further amended in April 2017 to set the sale price at RMB 155.3 million or approximately $23.9 million. The Company expected to receive its 99 154.0 Related party balances a. Other receivable – related parties: Other receivables - related parties are those nontrade receivables arising from transactions through the sales of its subsidiary, which was bought by its related party or arising from transactions through accumulated intercompany payable upon the disposal of its subsidiary. Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Wendler Investment & Management Group Co., Ltd Common control under CEO $ - $ 43 Tianwu General Steel Material Trading Co., Ltd. Investee of General Steel (China) - 22,137 General Steel (China) Co., Ltd Partially owned by CEO through indirect shareholding - 30,396 Beijing Shenghua Xinyuan Metal Materials Co., Ltd Partially owned by CEO through indirect shareholding - 116 Maoming Hengda Wholly owned by Tianwu Tongyong - 18,612 Other receivable – related party - 71,304 Less: other receivable – related parties - held for sale - (30,554 ) Other receivable – related parties – continuing operations $ - $ 40,750 b. Accounts payable – related party: Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Tianjin Dazhen Industry Co., Ltd Partially owned by CEO through indirect shareholding $ - $ 6,289 Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) Partially owned by CEO through indirect shareholding - 2,171 Tianjin Daqiuzhuang Steel Plates Co., Ltd Partially owned by CEO through indirect shareholding - 4,988 Total - 13,448 Less: accounts payable – related parties - held for sale - (13,448 ) Accounts payable – related party – continuing operations $ - $ - c. Other payables – related parties: Other payables – related parties are those nontrade payables arising from transactions between the Company and its related parties, such as advances or payments from these related parties on behalf of the Company. Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Wendlar Investment & Management Group Co., Ltd Common control under CEO $ - $ 32 Yangpu Capital Automobile Partially owned by CEO through indirect shareholding 95 95 General Steel (China) Co., Ltd Partially owned by CEO through indirect shareholding 6,881 48,376 Tianjin Dazhen Industry Co., Ltd Partially owned by CEO through indirect shareholding - 773 Zuosheng Yu CEO 1,469 1,329 Total 8,445 50,605 Less: other payables – related parties - held for sale - (773 ) Other payables – related parties – continuing operations $ 8,445 $ 49,832 d. Customer deposit – related parties- operations held for sale Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Tianjin Hengying Trading Co., Ltd Partially owned by CEO through indirect shareholding $ - $ 12,242 Customer deposit – related parties- operations held for sale $ - $ 12,242

Equity

Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 9 – Equity On January 20, 2016, the Company issued 242,466 restricted shares of common stock for financial reporting consulting services. The shares were valued at $1.80 per share, based on the average closing price of the ordinary shares for the three months immediately preceding the board’s approval. On March 16, 2016, the Company issued 30,000 restricted shares of common stock for financial advisory and research coverage services. The shares were valued at $1.26 per share, based on a negotiated price between the Company and the consultant. On March 16, 2016, the Company issued 127,120 restricted shares of common stock for financial reporting services. The shares were valued at $1.18 per share, based on a negotiated price between the Company and the consultant. On August 19, 2016, the Company executed a debt cancellation agreement with Oriental Ace Limited, an unrelated third party, in conversion of short-term loan payable of $3.6 million into 3,272,727 shares of Common Stock at $0.35 per share resulting in a gain on debt extinguishment of $2,454,546. These shares have not been issued as the date of the filing. On September 30, 2016, the Company completed a private placement through the issuance of 1,500,000 shares of the Company’s common stock at $1.00 per shares and raised capital of RMB 10.0 million (approximately $1.5 million). The Company received proceeds in October 2016. In March 2017, the board approved to issue 200,000 shares to a consultant pursuant to consulting services performed in 2016.

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 10 – Acquisition Tianjin Shuangsi On February 16, 2016, the Company received 100% equity interest for contract price of RMB19 million and debt assumed of RMB 18.8 million for a net purchase price of $0.03 million as Tianjin Shuangsi was established by the chief executive officer of the Company’s related entity and his relative. Tianjin Shuangsi primarily trades iron ore, nickel-iron-manganese alloys, and other steel-related products. On December 31, 2017, the Company sold Shuangsi to Wendler Investment & Management Group Co., Ltd, a related party, no consideration was received. Since Shuangsi’s net deficit as of December 31, 2017 was $3.31 million, the Company recorded a gain from disposal of $3.31 million in additional paid in capital since Wendler is a related party under common control of the Company’s CEO.

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 11 – Subsequent events On August 24, 2018, the Company entered into a subscription agreement with Hummingbird Holdings Limited, a BVI entity. Pursuant to the Subscription Agreement, the Investor purchased 7,352,941 shares of the Company’s common stock, par value $0.001 per share, at a purchase price of $0.034 per share for aggregate gross proceeds of $250,000. On November 30, 2018, the Company entered into another subscription agreement with Hummingbird Holdings Limited, a BVI entity. Pursuant to the Subscription Agreement, the Investor purchased 14,285,715 shares of the Company’s common stock, par value $0.001 per share, at a purchase price of $0.035 per share for aggregate gross proceeds of $500,000.

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	(a) Basis of presentation The consolidated financial statements of the Company reflect the activities of the following major directly owned subsidiaries as of December 31, 2017 and 2016: Subsidiary Percentage of Ownership General Steel Investment Co., Ltd. British Virgin Islands 100.0 % Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. (“Tongyong Shengyuan”) PRC 100.0 % Tianjin Shuangsi Trading Co. Ltd. * * Tianjin Shuangsi was disposed on December 31, 2017 and its results of operations were presented as operations disposed for 2017 and operations to be disposed for 2016.
Consolidation, Policy [Policy Text Block]	(b) Principles of consolidation – subsidiaries The accompanying consolidated financial statements include the financial statements of the Company and its subsidiaries. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. All significant inter-company transactions and balances have been eliminated upon consolidation.
Going Concern Disclosure [Policy Text Block]	(c) Going concern Pursuant to ASU 2014-15, the Company has assessed its ability to continue as a going concern for a period of one year from the date of the issuance of these consolidated financial statements. Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year from the financial statement issuance date. The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently has an accumulated deficit, working capital deficit, and incurred negative cash flows from operating activities. These conditions raise substantial doubt as to its ability to continue as a going concern. These consolidated financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on its ability to obtain financial support and credit guarantee from the Company’s shareholders or other available resources from the PRC banks and other financial institutions given the Company’s credit history. However, there is no assurance that the Company will be successful in this or any of its endeavors or become financially viable to continue as a going concern.
Use of Estimates, Policy [Policy Text Block]	(d) Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and footnotes. Actual results could differ from these estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	(e) Concentration of risks and other uncertainties The Company’s operations are carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. One of the Company’s customers, a related party individually accounted for 96.7% of total sales of the Company, disposed for the year ended December 31, 2017. Three of the Company’s customers from operations to be disposed, all related parties, individually accounted for 33.0%, 29.5% and 6.3% of total gross sales for the year ended December 31, 2016 respectively. None of the Company’s customers individually accounted for more than 10% of total accounts receivable as of December 31, 2017. One of the Company’s customers, a related party, accounted for 100% of the total customer deposit as of December 31, 2016 from operations to be disposed. Three of the Company’s suppliers, all related parties, individually accounted for 47.7%, 35.6% and 15.2% of the total purchases for the year ended December 31, 2017 from operations to be disposed while three of the Company’s suppliers, including two related parties, individually accounted for 29.6%, 15.0% and 40.1% of the total purchases for the year ended December 31, 2016 from operations to be disposed. None of the Company’s suppliers individually accounted for more than 10% of total accounts payable as of December 31, 2017. Three of the Company’s suppliers, all related parties, individually accounted for 46.8%, 16.0% and 37.2% of total accounts payable as of December 31, 2016 from operations to be disposed.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	(f) Foreign currency translation and other comprehensive income The reporting currency of the Company is the U.S. dollar. The Company’s subsidiaries and VIE in China use the local currency, Renminbi (“RMB”), as their functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. The statement of operations accounts are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Translation adjustments included in accumulated other comprehensive income amounted to $2.94 million and $1.37 million as of December 31, 2017 and 2016, respectively. The balance sheet amounts, with the exception of equity at December 31, 2017 and 2016 were translated at 6.51 RMB and 6.94 RMB to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rates applied to statement of operations accounts for the years ended December 31, 2017 and 2016 were 6.76 RMB and 6.64 RMB, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet. The PRC government imposes significant exchange restrictions on fund transfers out of the PRC that are not related to business operations. These restrictions have not had a material impact on the Company because it has not engaged in any significant transactions that are subject to the restrictions.
Fair Value of Financial Instruments, Policy [Policy Text Block]	(g) Financial instruments The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company. The Company considers the carrying amount of cash, accounts receivable, other receivables, other payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow:  Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.  Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.  Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. The Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value.
Cash and Cash Equivalents, Policy [Policy Text Block]	(h) Cash Cash includes cash on hand and demand deposits in banks with original maturities of less than three months.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	(i) Accounts receivable and allowance for doubtful accounts Accounts receivable include trade accounts due from customers and other receivables from cash advances to employees, related parties or third parties. An allowance for doubtful accounts is established and recorded based on managements’ assessment of potential losses based on the credit history and relationships with the customers. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.
Inventory, Policy [Policy Text Block]	(j) Inventories Inventories are mainly finished goods and are stated at the lower of cost or market using the first-in, first-out method. Management reviews inventories for obsolescence and cost in excess of net realizable value at least annually and records a reserve against the inventory and additional cost of goods sold when the carrying value exceeds net realizable value.
Property, Plant and Equipment, Policy [Policy Text Block]	(k) E quipment, net Equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with a %- % residual value. Office equipment 5 Years The Company considers assets to be impaired if the carrying value exceeds the future projected cash flows from related operations.
Investment, Policy [Policy Text Block]	(l) Investments in unconsolidated entities Entities in which the Company has the ability to exercise significant influence, but does not have a controlling interest, are accounted for using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock between 20% and 50%, and other factors, such as representation on the Board of Directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting is appropriate. The Company accounts for investments with ownership less than 20% using the cost method. On December 28, 2015, Tongyong Shengyuan acquired 32% equity interest in Tianwu General Steel Material Trading Co., Ltd. (“Tianwu”)for $14.9 million (RMB 96.6 million). As of December 31, 2017 and 2016, Tongyong Shengyuan’s net investment in the unconsolidated entity amounted to $14.7 million and $12.8 million, respectively. Total investment income in unconsolidated subsidiaries from continuing operations amounted to $1.0 million for the year ended December 31, 2017 and a loss of $1.2 million for the year ended December 31, 2016 which was included in “Income (loss) from equity investment” in the consolidated statements of operations and comprehensive income (loss). The Company performed a significance test in accordance with SEC Rule 1-02(w) of Regulation S-X and determined Tianwu qualify as a significant equity investee. The condensed consolidated financial statements of Tianwu is presented as follows: CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) For the year ended December 31, 2017 2016 CURRENT ASSETS: Cash $ 705 $ 207 Other receivables, net 26,855 4,828 Prepayments 40,058 80,243 Inventory 5 1,713 Total current assets 67,623 86,991 Property and equipment, net 8 98 Operations held for sale 30,081 20,355 TOTAL ASSETS $ 97,704 $ 107,444 CURRENT LIABILITIES: Accounts payable $ 1,366 $ 4,133 Short term loans 3,074 2,880 Other payables and accrued liabilities 8,824 24,594 Taxes payable 49 56 Total current liabilities 13,313 31,663 NON-CURRENT LIABILITIES Long term loans 38,426 35,998 Total liabilities 51,739 67,661 Capital 48,860 48,860 Retained deficit (5,799 ) (9,077 ) Accumulated other comprehensive income 2,904 - Total equity 45,965 39,783 TOTAL EQUITY AND LIABILITIES $ 97,704 $ 107,444 CONDENSED CONSOLIDTED STATEMENTS OF OPERATIONS (In thousands) For the years ended December 31 2017 2016 NET REVENUE 2,614 2,818 OPERATING EXPENSES 239 570 FINANCE EXPENSES 7,087 3,905 OTHER EXPENSE /(INCOME), NET (69 ) (74 ) TOTAL EXPENSES 7,257 4,401 LOSS BEFORE PROVISION FOR INCOME TAXES (4,643 ) (1,583 ) PROVISION FOR INCOME TAXES 18 19 NET LOSS FROM CONTINUING OPERATIONS (4,661 ) (1,602 ) NET INCOME (LOSS) FROM OPERATIONS HELD FOR SALE 7,939 (2,160 ) NET INCOME (LOSS) $ 3,278 $ (3,762 )
Revenue Recognition, Policy [Policy Text Block]	(m) Revenue recognition Sales is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, the Company has no other significant obligations and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are recorded as customer deposits. Sales represent the invoiced value of goods, net of value-added tax (VAT). All of the Company’s products sold in the PRC are subject to a value-added tax at a rate of 13% or 17% of the gross sales price. This VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing the finished product. Gross versus Net Revenue Reporting In the normal course of the Company’s trading business, the Company orders directly the iron ore, nickel-iron-manganese alloys, and other steel-related products from its suppliers and drop ships the products directly to its customers. In these situations, the Company generally collects the sales proceeds directly from its customers and pays for the inventory purchases to its suppliers separately. The determination of whether revenues should be reported on a gross or net basis is based on the Company’s assessment of whether it is the principal or an agent in the transaction. In determining whether the Company is the principal or an agent, the Company follows the accounting guidance for principal-agent considerations. Because the Company is not the primary obligor and is not responsible for (i) fulfilling the steel-related products delivery, (ii) establishing the selling prices for delivery of the steel-related products, (iii) performing all billing and collection activities including retaining credit risk and (iv) baring the back-end risk of inventory loss with respect to any product return from its customer, the Company has concluded that it is the agent in these arrangements, and therefore report revenues and cost of revenues on a net basis. For the year ended December 31, 2017, the Company had gross sales of $13.81 million, of from operations disposed which $13.4 million were related party sales. Net loss for related party sales were $6.31 million and $0.17 million for non related party. For the year ended December 31, 2016, the Company had gross sales of $140.9 million, of from operations disposed which $89.2 million were related party sales. Net revenue for related party sales were $0.01 million and $0.22 million for non related party. See details of related party sales and purchases in Note 8.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	(n) Share-based compensation The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with the accounting standards regarding accounting for stock-based compensation and accounting for equity instruments that are issued to other than employees for acquiring or in conjunction with selling goods or services. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably determinable. The value of equity instruments issued for consideration other than employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services as defined by these accounting standards. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.
Discontinued Operations, Policy [Policy Text Block]	(o) Operations held for sale and operations disposed/to be disposed In accordance with ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when the components of an entity meet the criteria in paragraph 205-20-45-1E to be classified as held for sale. When all of the criteria to be classified as held for sale are met, including management, having the authority to approve the action, commits to a plan to sell the entity, the major current assets, other assets, current liabilities, and noncurrent liabilities shall be reported as components of total assets and liabilities separate from those balances of the continuing operations. At the same time, the results of all discontinued operations (which we presented as operations to be disposed and operations disposed), less applicable income taxes (benefit), shall be reported as components of net income (loss) separate from the net income (loss) of continuing operations in accordance with ASC 205-20-45. On December 31, 2017, the Company sold Shuangsi to Wendler Investment & Management Group Co., Ltd, a related party, no consideration was received. Since Shuangsi’s net deficit as of December 31, 2017 was $ 3.33 3.33 (In thousands) December 31, 2016 Carrying amounts of major classes of assets included as part of discontinued operations: CURRENT ASSETS: Cash $ 26 Accounts receivable, net 1 Other receivables - related parties, net 30,554 Other assets 1 Total assets of the disposal group classified as held for sale $ 30,582 Carrying amounts of major classes of liabilities included as part of discontinued operations: CURRENT LIABILITIES: Accounts payable - related parties $ 13,448 Other payables and accrued liabilities 2,447 Other payables - related parties 773 Customer deposits - related parties 12,242 Taxes payable 97 Total current liabilities held for sale 29,007 Total liabilities of the disposal group classified as held for sale $ 29,007 Reconciliation of the Amounts of Major Classes of Income and Losses from Operations to be Disposed Classified as Held for Sale and Disposed in the Consolidated Statements of Operations and Comprehensive Loss. For the years ended December 31, 2017 2016 Operations to be disposed: SALES $ - $ 218 SALES – RELATED PARTIES - 12 TOTAL SALES - 230 COST OF GOODS SOLD - GROSS (LOSS) PROFIT - 230 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (60 ) INCOME (LOSS) FROM OPERATIONS - 170 OTHER INCOME (EXPENSE) Finance/interest expense - (8 ) Other non-operating expense, net - - Other expense, net - (8 ) LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST 162 PROVISION FOR INCOME TAXES - 40 NET LOSS FROM OPERATIONS TO BE DISPOSED $ - $ 122 For the years ended December 31, 2017 2016 Operations Disposed: COST OF GOODS SOLD $ 6,311 $ SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (20 ) (2,530 ) (LOSS) INCOME FROM OPERATIONS (6,331 ) (2,530 ) Other expense, net (1 ) (2,530 ) LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST (6,332 ) (2,530 ) PROVISION FOR INCOME TAXES - - NET LOSS FROM OPERATIONS DISPOSED (6,332 ) (2,530 ) Less: Net loss attributable to noncontrolling interest from operations disposed - (26 ) NET LOSS FROM OPERATIONS DISPOSED ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC. $ (6,332 ) $ (2,504 ) The net deficiency of Shuangsi as of December 31, 2017 is as follows: (In thousands) December 31, 2017 CURRENT ASSETS: Cash $ 6 Prepaid taxes 1,048 Receivables 147 Total current 1,201 CURRENT LIABILITIES: Other payable and accrued liabilities 2,654 Other payables - related parties 2,008 Total current liabilities 4,662 Accumulated other comprehensive income 130 Total net deficiency (3,331 ) Net consideration - Gain in disposal of subsidiary $ 3,331 Maoming Hengda On March 21, 2016, the Company, along with its 1 99 328.0 50.5 262.3 40.4 65.7 10.1 RMB 155.3 million or approximately $23.9 RMB 154.0 million (approximately $23.9 . Accordingly, the Company recorded the total amount of net consideration of $45.7 follows: (In thousands) March 21, 2016 CURRENT ASSETS: Cash $ 2 Accounts receivable, net 344 Other receivables, net 15 Total currents 361 OTHER ASSETS: Property and equipment, net 16,321 Long-term deferred expense 2 Intangible assets, net of accumulated amortization 2,023 Total other assets 18,346 Total assets $ 18,707 CURRENT LIABILITIES: Accounts payable 6,377 Short term loans - other 464 Other payables and accrued liabilities 3,033 Other payables - related parties 430 Other payables - intercompany 30,650 Total current liabilities 40,954 NON-CONTROLLING INTEREST (16 ) Total net deficiency (22,232 ) Net consideration (23,507 ) Currency translation adjustment 81 Total addition to paid-in capital $ (45,658 ) Catalon Due to operational issues, Catalon was not able to meet the Minimum Sales Target or Minimum Net Profit applicable as stipulated in the Stock Exchange agreement, therefore the board has voted unanimously to cancel the shares that were placed in escrow for the selling shareholders. As such the Company deconsolidated Catalon on March 31, 2016. The net deficiency of Catalon as of March 31, 2016 is as follows: (In thousands) March 31, 2016 CURRENT ASSETS: Cash $ 24 Total current 24 CURRENT LIABILITIES: Other payables - related parties 2,279 Total current liabilities 2,279 NON-CONTROLLING INTEREST (358 ) Total net deficiency (1,953 ) Net consideration (4,316 ) Gain in disposal of subsidiary $ (6,269 )
Reclassification, Policy [Policy Text Block]	(p) Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications have no effect on the accompanying consolidated statements of operations and cash flows.
Non Controlling Interest [Policy Text Block]	(q) Non-controlling interest Non-controlling interest mainly consists of an individual’s 1% interest in Maoming Hengda prior to March 21, 2016, and two individuals’ 15.5% interest in Catalon prior to March 31, 2016. The non-controlling interests are presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interests in the results of the Company are presented on the face of the consolidated statement of operations as an allocation of the total income or loss for the year between non-controlling interest holders and the shareholders of the Company.
Earnings Per Share, Policy [Policy Text Block]	(r) Earnings (loss) per share The Company has adopted the accounting principles generally accepted in the United States regarding earnings per share (“EPS”), which requires presentation of basic and diluted earnings (loss) per share in conjunction with the disclosure of the methodology used in computing such earnings (loss) per share. Basic earning s (loss) per share are computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings (loss) per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.
Treasury Stock [Policy Text Block]	(s) Treasury Stock Treasury stock consists of shares repurchased by the Company that are no longer outstanding and are held by the Company. Treasury stock is accounted for under the cost method. As of December 31, 2017 and 2016, the Company had repurchased 494,462 total shares of its common stock, given retroactive effect to the 1-for-5 reverse stock split effective on October 29, 2015, under the share repurchase plan approved by the Board of Directors in December 2010.
Income Tax, Policy [Policy Text Block]	(t) Income taxes The Company accounts for income taxes in accordance with the accounting principles generally accepted in the United States for income taxes. Under the asset and liability method as required by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes. The accounting principles generally accepted in the United States for accounting for uncertainty in income taxes clarify the accounting and disclosure for uncertain tax positions. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The charge for taxation is based on the results for the year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, net operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. No significant penalties or interest relating to income taxes have been incurred during the years ended December 31, 2017 and 2016. As of December 31, 2017, the Company’s income tax returns filed for December 31, 2015, 2014, 2013 and 2012 remain subject to examination by the taxing authorities. The Company has not filed its 2016 federal tax return as of the date of the filing and has accrued $140,000 in estimated penalty for the year.
New Accounting Pronouncements, Policy [Policy Text Block]	(u) Recently issued accounting pronouncements In January 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. The update requires equity investments (except those accounted for under the equity method or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. It eliminated the requirement for public entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. For public entities, the ASU is effective for the fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements. In February 2016, the FASB issued ASU 2016-02 Amendments to the ASC 842 Leases. This update requires lessee to recognize the assets and liability (the lease liability) arising from operating leases on the balance sheet for the lease term. When measuring assets and liabilities arising from a lease, a lessee (and a lessor) should include payments to be made in optional periods only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. Within a twelve months or less lease term, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. If a lessee makes this election, it should recognize lease expense on a straight-line basis over the lease term. In transition, this update will be effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In April 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, EPS, and the statement of cash flows. Implementation and administration may present challenges for companies with significant share-based payment activities. The ASU is effective for public companies in annual periods beginning after December 15, 2016, and interim periods within those years. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The objective is to clarify the two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for these areas. The ASU affects the guidance in ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for this ASU are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by ASU 2014-09). ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of ASU 2014-09 by one year. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In May 2016, the FASB issued ASU 2016-11, “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting”, The amendments rescinds SEC paragraphs pursuant to two SEC Staff Announcements at the March 3, 2016 Emerging Issues Task Force (EITF) meeting. Specifically, registrants should not rely on the following SEC Staff Observer comments upon adoption of Topic 606: 1) Revenue and Expense Recognition for Freight Services in Process, which is codified in paragraph 605-20-S99-2; 2) Accounting for Shipping and Handling Fees and Costs, which is codified in paragraph 605-45-S99-1; 3) Accounting for Consideration Given by a Vendor to a Customer (including Reseller of the Vendor's Products), which is codified in paragraph 605-50-S99-1; 4) Accounting for Gas-Balancing Arrangements (i.e., use of the "entitlements method"), which is codified in paragraph 932-10-S99-5, which is effective upon adoption of ASU 2014-09. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. The object is to address certain issues identified by the FASB-IASB Joint Transition Resource Group for Revenue Recognition. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In August 2016, the FASB has issued Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments provide guidance on the following eight specific cash flow issues: (1) Debt Prepayment or Debt Extinguishment Costs; (2) Settlement of Zero-Coupon Debt Instruments or Other Debt Instruments with Coupon Interest Rates That Are Insignificant in Relation to the Effective Interest Rate of the Borrowing; (3) Contingent Consideration Payments Made after a Business Combination; (4)Proceeds from the Settlement of Insurance Claims; (5) Proceeds from the Settlement of Corporate-Owned Life Insurance Policies, including Bank-Owned; (6) Life Insurance Policies; (7) Distributions Received from Equity Method Investees; (8) Beneficial Interests in Securitization Transactions; and Separately Identifiable Cash Flows and Application of the Predominance Principle. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In October 2016, the FASB has issued Accounting Standards Update (ASU) No. 2016-17, Consolidation (Topic 810): Interests held through related parties that are under common control. The amendments in this ASU require that the reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, to include all of its direct variable interests in a VIE and, on a proportionate basis, its indirect variable interests in a VIE held through related parties, including related parties that are under common control with the reporting entity. The amendments are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company has evaluated and determined that the adoption would not have a material effect on the Company’s financial statements In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the definition of a business. The amendments in this ASU is to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Management does not believe the adoption of this ASU would have a material effect on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting, which amends the scope of modification accounting for share-based payment arrangements and provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. For all entities, this ASU is effective for annual reporting periods, including interim periods within those annual reporting periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period. The Company does not believe the adoption of this ASU would have a material effect on the Company’s financial statements. In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815). The amendments in Part I of the Update change the reclassification analysis of certain equity-lined financial instruments (or embedded features) with down round features. The amendments in Part II of this Update re-characterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in Part II of this Update do not require any transition guidance because those amendments do not have an accounting effect. Management plans to adopt this ASU during the year ending December 2019. The Company does not believe the adoption of this ASU would have a material effect on the Company’s financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this Update affect any entity that is required to apply the provisions of Topic 220, Income Statement – Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted, including adoption in any interim period, (1) for public business entities for reporting periods for which financial statements have not yet been issued. The amendments in this Update should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company does not believe the adoption of this ASU would have a material effect on the Company’s financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

Summary of significant accoun_3

Summary of significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Subsidiary of Limited Liability Company or Limited Partnership, Description [Table Text Block]	The consolidated financial statements of the Company reflect the activities of the following major directly owned subsidiaries as of December 31, 2017 and 2016: Subsidiary Percentage of Ownership General Steel Investment Co., Ltd. British Virgin Islands 100.0 % Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. (“Tongyong Shengyuan”) PRC 100.0 % Tianjin Shuangsi Trading Co. Ltd. * * Tianjin Shuangsi was disposed on December 31, 2017 and its results of operations were presented as operations disposed for 2017 and operations to be disposed for 2016.
Schedule Of Property Plant and Equipment Estimated Useful Life [Table Text Block]	The estimated useful lives are as follows: Office equipment 5 Years
Disposal Groups, Including Discontinued Operations [Table Text Block]	The Company performed a significance test in accordance with SEC Rule 1-02(w) of Regulation S-X and determined Tianwu qualify as a significant equity investee. The condensed consolidated financial statements of Tianwu is presented as follows: CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) For the year ended December 31, 2017 2016 CURRENT ASSETS: Cash $ 705 $ 207 Other receivables, net 26,855 4,828 Prepayments 40,058 80,243 Inventory 5 1,713 Total current assets 67,623 86,991 Property and equipment, net 8 98 Operations held for sale 30,081 20,355 TOTAL ASSETS $ 97,704 $ 107,444 CURRENT LIABILITIES: Accounts payable $ 1,366 $ 4,133 Short term loans 3,074 2,880 Other payables and accrued liabilities 8,824 24,594 Taxes payable 49 56 Total current liabilities 13,313 31,663 NON-CURRENT LIABILITIES Long term loans 38,426 35,998 Total liabilities 51,739 67,661 Capital 48,860 48,860 Retained deficit (5,799 ) (9,077 ) Accumulated other comprehensive income 2,904 - Total equity 45,965 39,783 TOTAL EQUITY AND LIABILITIES $ 97,704 $ 107,444 CONDENSED CONSOLIDTED STATEMENTS OF OPERATIONS (In thousands) For the years ended December 31 2017 2016 NET REVENUE 2,614 2,818 OPERATING EXPENSES 239 570 FINANCE EXPENSES 7,087 3,905 OTHER EXPENSE /(INCOME), NET (69 ) (74 ) TOTAL EXPENSES 7,257 4,401 LOSS BEFORE PROVISION FOR INCOME TAXES (4,643 ) (1,583 ) PROVISION FOR INCOME TAXES 18 19 NET LOSS FROM CONTINUING OPERATIONS (4,661 ) (1,602 ) NET INCOME (LOSS) FROM OPERATIONS HELD FOR SALE 7,939 (2,160 ) NET INCOME (LOSS) $ 3,278 $ (3,762 ) On December 31, 2017, the Company sold Shuangsi to Wendler Investment & Management Group Co., Ltd, a related party, no consideration was received. Since Shuangsi’s net deficit as of December 31, 2017 was $ 3.33 3.33 (In thousands) December 31, 2016 Carrying amounts of major classes of assets included as part of discontinued operations: CURRENT ASSETS: Cash $ 26 Accounts receivable, net 1 Other receivables - related parties, net 30,554 Other assets 1 Total assets of the disposal group classified as held for sale $ 30,582 Carrying amounts of major classes of liabilities included as part of discontinued operations: CURRENT LIABILITIES: Accounts payable - related parties $ 13,448 Other payables and accrued liabilities 2,447 Other payables - related parties 773 Customer deposits - related parties 12,242 Taxes payable 97 Total current liabilities held for sale 29,007 Total liabilities of the disposal group classified as held for sale $ 29,007 Reconciliation of the Amounts of Major Classes of Income and Losses from Operations to be Disposed Classified as Held for Sale and Disposed in the Consolidated Statements of Operations and Comprehensive Loss. For the years ended December 31, 2017 2016 Operations to be disposed: SALES $ - $ 218 SALES – RELATED PARTIES - 12 TOTAL SALES - 230 COST OF GOODS SOLD - GROSS (LOSS) PROFIT - 230 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (60 ) INCOME (LOSS) FROM OPERATIONS - 170 OTHER INCOME (EXPENSE) Finance/interest expense - (8 ) Other non-operating expense, net - - Other expense, net - (8 ) LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST 162 PROVISION FOR INCOME TAXES - 40 NET LOSS FROM OPERATIONS TO BE DISPOSED $ - $ 122 For the years ended December 31, 2017 2016 Operations Disposed: COST OF GOODS SOLD $ 6,311 $ SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (20 ) (2,530 ) (LOSS) INCOME FROM OPERATIONS (6,331 ) (2,530 ) Other expense, net (1 ) (2,530 ) LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST (6,332 ) (2,530 ) PROVISION FOR INCOME TAXES - - NET LOSS FROM OPERATIONS DISPOSED (6,332 ) (2,530 ) Less: Net loss attributable to noncontrolling interest from operations disposed - (26 ) NET LOSS FROM OPERATIONS DISPOSED ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC. $ (6,332 ) $ (2,504 ) The net deficiency of Shuangsi as of December 31, 2017 is as follows: (In thousands) December 31, 2017 CURRENT ASSETS: Cash $ 6 Prepaid taxes 1,048 Receivables 147 Total current 1,201 CURRENT LIABILITIES: Other payable and accrued liabilities 2,654 Other payables - related parties 2,008 Total current liabilities 4,662 Accumulated other comprehensive income 130 Total net deficiency (3,331 ) Net consideration - Gain in disposal of subsidiary $ 3,331 Maoming Hengda On March 21, 2016, the Company, along with its 1 99 328.0 50.5 262.3 40.4 65.7 10.1 RMB 155.3 million or approximately $23.9 RMB 154.0 million (approximately $23.9 . Accordingly, the Company recorded the total amount of net consideration of $45.7 follows: (In thousands) March 21, 2016 CURRENT ASSETS: Cash $ 2 Accounts receivable, net 344 Other receivables, net 15 Total currents 361 OTHER ASSETS: Property and equipment, net 16,321 Long-term deferred expense 2 Intangible assets, net of accumulated amortization 2,023 Total other assets 18,346 Total assets $ 18,707 CURRENT LIABILITIES: Accounts payable 6,377 Short term loans - other 464 Other payables and accrued liabilities 3,033 Other payables - related parties 430 Other payables - intercompany 30,650 Total current liabilities 40,954 NON-CONTROLLING INTEREST (16 ) Total net deficiency (22,232 ) Net consideration (23,507 ) Currency translation adjustment 81 Total addition to paid-in capital $ (45,658 ) Catalon Due to operational issues, Catalon was not able to meet the Minimum Sales Target or Minimum Net Profit applicable as stipulated in the Stock Exchange agreement, therefore the board has voted unanimously to cancel the shares that were placed in escrow for the selling shareholders. As such the Company deconsolidated Catalon on March 31, 2016. The net deficiency of Catalon as of March 31, 2016 is as follows: (In thousands) March 31, 2016 CURRENT ASSETS: Cash $ 24 Total current 24 CURRENT LIABILITIES: Other payables - related parties 2,279 Total current liabilities 2,279 NON-CONTROLLING INTEREST (358 ) Total net deficiency (1,953 ) Net consideration (4,316 ) Gain in disposal of subsidiary $ (6,269 )

Other receivables (including _2

Other receivables (including related parties), net (Tables)	12 Months Ended
	Dec. 31, 2017
Other Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Other receivables, including related party receivables, net of allowance for doubtful accounts consists of the following: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Other receivables $ 124 $ 169 Other receivables – related party - 71,304 Less: allowance for doubtful accounts (121 ) (169 ) Net other receivables 3 71,304 Less: other receivables – held for sale - (30,554 ) Net other receivables – continuing operations $ 3 $ 40,750
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	Movement of allowance for doubtful accounts, including related parties, is as follows: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Beginning balance $ 169 $ - Charge to expense - 169 Write off (48 ) - Ending balance 121 169 Less: balance – held for sale - - Ending balance – continuing operations $ 121 $ 169

Equipment, net (Tables)

Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Equipment consist of the following: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Office equipment $ 7 $ 7 Less: accumulated depreciation (7 ) (6 ) Equipment, net – held for sale $ - $ 1 Less: equipment, net – held for sale - (1 ) Net equipment, net – continuing operations $ - $ -

Other payable and accrued lia_2

Other payable and accrued liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Other payable and accrued liabilities consist of the following: December 31, 2017 December 31, 2016 (in thousands) (in thousands) Salary payable $ 142,404 $ 142,404 Short term payable, no interest due on demand 1,479,596 - Professional fees 507,754 589,650 Net equipment, net – continuing operations $ 2,129,754 $ 732,054

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Significant components of the provision for income taxes on earnings and deferred taxes on net operating losses from operations for the years ended December 31, 2017 and 2016 are as follows: (In thousands) For the year ended December 31, 2017 For the year ended December 31, 2016 Current $ - $ 40 Total provision for income taxes – operations held for sale $ - $ 40

Related party transactions an_2

Related party transactions and balances (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule Of Related Party Sales [Table Text Block]	a. The following chart summarized gross sales to related parties for the years ended December 31, 2017 and 2016. Name of related parties Relationship For the year ended December 31, 2017 For the year ended December 31, 2016 (in thousands) (in thousands) Tianjin Dazhen Industry Co., Ltd Partially owned by CEO through indirect shareholding** (45 ) 18 Tianjin Qiu Steel Investment Co., Ltd Partially owned by CEO through indirect shareholding 77 - Tianjin Hengying Trading Co., Ltd Partially owned by CEO through indirect shareholding 13,360 45,742 Tianjin Daqiuzhuang Steel Plates Co., Ltd Partially owned by CEO through indirect shareholding - 7,630 Wendlar Tianjin Industry Co., Ltd. (Formerly known as Qiu Steel) Partially owned by CEO through indirect shareholding - 35,663 Total 13,392 89,053 Less: Sales to related parties from operations disposed/held for sale (13,392 ) (89,053 ) Sales–related parties – continuing operations $ - $ - **The CEO is referred to herein as the chief executive officer of General Steel Holdings, Inc. Mr. Zuosheng Yu. Sales to related parties in trading transactions from disposed operations, which were netted against the corresponding cost of goods sold, amounted to $6.4 million net cost of sales and $0.01 million net revenue for the years ended December 31, 2017 and 2016, respectively.
Schedule Of Related Party Purchases [Table Text Block]	b. The following charts summarize purchases from related parties for the years ended December 31, 2017 and 2016. Name of related parties Relationship For the year ended December 31, 2017 For the year ended December 31, 2016 (in thousands) (in thousands) Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) Partially owned by CEO through indirect shareholding 3,063 21,192 Tianjin Hengying Trading Co., Ltd Partially owned by CEO through indirect shareholding - 9,579 General Steel (China) Co., Ltd Partially owned by CEO through indirect shareholding 9,607 56,515 Tianjin DazhenTrading Co., Ltd Partially owned by CEO through indirect shareholding 7,169 11,855 Total $ 19,839 $ 99,141 Less: Purchases from related parties from operations disposed/held for sale (19,839 ) (99,141 ) Purchase–related parties – continuing operations $ - $ -
Schedule Of Related Party Transactions, Other Receivables Related Parties [Table Text Block]	a. Other receivable – related parties: Other receivables - related parties are those nontrade receivables arising from transactions through the sales of its subsidiary, which was bought by its related party or arising from transactions through accumulated intercompany payable upon the disposal of its subsidiary. Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Wendler Investment & Management Group Co., Ltd Common control under CEO $ - $ 43 Tianwu General Steel Material Trading Co., Ltd. Investee of General Steel (China) - 22,137 General Steel (China) Co., Ltd Partially owned by CEO through indirect shareholding - 30,396 Beijing Shenghua Xinyuan Metal Materials Co., Ltd Partially owned by CEO through indirect shareholding - 116 Maoming Hengda Wholly owned by Tianwu Tongyong - 18,612 Other receivable – related party - 71,304 Less: other receivable – related parties - held for sale - (30,554 ) Other receivable – related parties – continuing operations $ - $ 40,750
Schedule Of Related Party Transactions, Accounts Payable Related Parties [Table Text Block]	b. Accounts payable – related party: Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Tianjin Dazhen Industry Co., Ltd Partially owned by CEO through indirect shareholding $ - $ 6,289 Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) Partially owned by CEO through indirect shareholding - 2,171 Tianjin Daqiuzhuang Steel Plates Co., Ltd Partially owned by CEO through indirect shareholding - 4,988 Total - 13,448 Less: accounts payable – related parties - held for sale - (13,448 ) Accounts payable – related party – continuing operations $ - $ -
Schedule Of Related Party Transactions, Other Payable Related Parties [Table Text Block]	c. Other payables – related parties: Other payables – related parties are those nontrade payables arising from transactions between the Company and its related parties, such as advances or payments from these related parties on behalf of the Company. Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Wendlar Investment & Management Group Co., Ltd Common control under CEO $ - $ 32 Yangpu Capital Automobile Partially owned by CEO through indirect shareholding 95 95 General Steel (China) Co., Ltd Partially owned by CEO through indirect shareholding 6,881 48,376 Tianjin Dazhen Industry Co., Ltd Partially owned by CEO through indirect shareholding - 773 Zuosheng Yu CEO 1,469 1,329 Total 8,445 50,605 Less: other payables – related parties - held for sale - (773 ) Other payables – related parties – continuing operations $ 8,445 $ 49,832
Schedule Of Related Party Transactions, Customer Deposits Related Parties [Table Text Block]	d. Customer deposit – related parties- operations held for sale Name of related parties Relationship December 31, 2017 December 31, 2016 (in thousands) (in thousands) Tianjin Hengying Trading Co., Ltd Partially owned by CEO through indirect shareholding $ - $ 12,242 Customer deposit – related parties- operations held for sale $ - $ 12,242

Organization and Operations (De

Organization and Operations (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2017	Feb. 16, 2016	Oct. 31, 2015
Catalon Chemical Corp [Member]
Business Acquisition, Percentage of Voting Interests Acquired			84.50%
General Steel Investment Co Ltd [Member]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Tianjin Shuangsi Trading Co [Member]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%
Equity Method Investment, Aggregate Cost		$ 30

Summary of significant accoun_4

Summary of significant accounting policies (Details)	12 Months Ended
	Dec. 31, 2017
General Steel Investment Co., Ltd. [Member]
Summary Of Significant Accounting Policies [Line Items]
Entity Incorporation, State Country Name	British Virgin Islands
Equity Method Investment, Ownership Percentage	100.00%
Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. [Member]
Summary Of Significant Accounting Policies [Line Items]
Entity Incorporation, State Country Name	PRC
Equity Method Investment, Ownership Percentage	100.00%
Tianjin Shuangsi Trading Co Ltd [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage		[1]
[1]	Tianjin Shuangsi was disposed on December 31, 2017 and its results of operations were presented as operations disposed for 2017 and operations to be disposed for 2016.

Summary of significant accoun_5

Summary of significant accounting policies (Details 1)	12 Months Ended
	Dec. 31, 2017
Office equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Summary of significant accoun_6

Summary of significant accounting policies (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Total current assets	$ 7,760	$ 71,335,948
OTHER ASSETS:
Property and equipment, net	217	214
TOTAL ASSETS	14,716,658	84,094,772
CURRENT LIABILITIES:
Total current liabilities	10,575,042	79,569,548
NON-CURRENT LIABILITIES
Retained deficit	(1,256,044,414)	(1,250,521,814)
Accumulated other comprehensive income	2,939,523	1,371,912
Total equity	4,141,616	4,525,224
TOTAL EQUITY AND LIABILITIES	14,716,658	84,094,772
FINANCE EXPENSES	1,415	374
LOSS BEFORE PROVISION FOR INCOME TAXES	808,971	4,669,655
PROVISION FOR INCOME TAXES	0	0
NET LOSS FROM CONTINUING OPERATIONS	808,971	4,669,655
NET INCOME (LOSS) FROM OPERATIONS HELD FOR SALE	(6,331,571)	(2,530,190)
NET INCOME (LOSS)	(5,522,600)	2,286,154
Tianwu General Steel Material Trading Co Ltd [Member]
CURRENT ASSETS:
Cash	705,000	207,000
Other receivables, net	26,855,000	4,828,000
Prepayments	40,058,000	80,243,000
Inventory	5,000	1,713,000
Total current assets	67,623,000	86,991,000
OTHER ASSETS:
Property and equipment, net	8,000	98,000
Operations held for sale	30,081,000	20,355,000
TOTAL ASSETS	97,704,000	107,444,000
CURRENT LIABILITIES:
Accounts payable	1,366,000	4,133,000
Short term loans	3,074,000	2,880,000
Other payables and accrued liabilities	8,824,000	24,594,000
Taxes payable	49,000	56,000
Total current liabilities	13,313,000	31,663,000
NON-CURRENT LIABILITIES
Long term loans	38,426,000	35,998,000
Total liabilities	51,739,000	67,661,000
Capital	48,860,000	48,860,000
Retained deficit	(5,799,000)	(9,077,000)
Accumulated other comprehensive income	2,904,000	0
Total equity	45,965,000	39,783,000
TOTAL EQUITY AND LIABILITIES	97,704,000	107,444,000
NET REVENUE	2,614,000	2,818,000
OPERATING EXPENSES	239,000	570,000
FINANCE EXPENSES	7,087,000	3,905,000
OTHER EXPENSE /(INCOME), NET	(69,000)	(74,000)
TOTAL EXPENSES	7,257,000	4,401,000
LOSS BEFORE PROVISION FOR INCOME TAXES	(4,643,000)	(1,583,000)
PROVISION FOR INCOME TAXES	18,000	19,000
NET LOSS FROM CONTINUING OPERATIONS	(4,661,000)	(1,602,000)
NET INCOME (LOSS) FROM OPERATIONS HELD FOR SALE	7,939,000	(2,160,000)
NET INCOME (LOSS)	$ 3,278,000	$ (3,762,000)

Summary of significant accoun_7

Summary of significant accounting policies (Details 3) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 21, 2016
CURRENT ASSETS:
Cash		$ 5,359	$ 52,068
Total current		0	30,581,807
CURRENT LIABILITIES:
Total current liabilities		0	29,006,872
NON-CURRENT LIABILITIES HELD FOR SALE
Gain in disposal of subsidiary		0	6,268,930
Shuangsi Operations [Member]
CURRENT ASSETS:
Cash		6,000	26,000
Accounts receivable, net		147,000	1,000
Other receivables, - related parties, net			30,554,000
Prepaid taxes		1,048,000
Total current		1,201,000
OTHER ASSETS:
Total other assets			1,000
Total assets of the disposal group classified as held for sale			30,582,000
CURRENT LIABILITIES:
Accounts payable, - related parties			13,448,000
Other payable and accrued liabilities		2,654,000	2,447,000
Other payables - related parties		2,008,000	773,000
Customer deposits - related parties			12,242,000
Income tax payable			97,000
Total current liabilities		4,662,000	29,007,000
NON-CURRENT LIABILITIES HELD FOR SALE
Total liabilities of the disposal group classified as held for sale			$ 29,007,000
Accumulated other comprehensive income		130,000
Total net deficiency		(3,331,000)
Net consideration		0
Gain in disposal of subsidiary		$ 3,331,000
Maoming Hengda Steel Company Ltd [Member]
CURRENT ASSETS:
Cash				$ 2,000
Accounts receivable, net				344,000
Other receivables, net				15,000
Total current				361,000
OTHER ASSETS:
Property and equipment, net				16,321,000
Long-term deferred expense				2,000
Intangible assets, net of accumulated amortization				2,023,000
Total other assets				18,346,000
Total assets of the disposal group classified as held for sale				18,707,000
CURRENT LIABILITIES:
Accounts payable				6,377,000
Short term loans - others				464,000
Other payable and accrued liabilities				3,033,000
Other payables - related parties				430,000
Other payables - intercompany				30,650,000
Total current liabilities				40,954,000
NON-CURRENT LIABILITIES HELD FOR SALE
NON-CONTROLLING INTEREST				(16,000)
Total net deficiency				(22,232,000)
Net consideration				(23,507,000)
Currency translation adjustment				81,000
Total addition to paid-in capital				$ (45,658,000)
Catalon Chemical Corp [Member]
CURRENT ASSETS:
Cash	$ 24,000
Total current	24,000
CURRENT LIABILITIES:
Other payables - related parties	2,279,000
Total current liabilities	2,279,000
NON-CURRENT LIABILITIES HELD FOR SALE
NON-CONTROLLING INTEREST	(358,000)
Total net deficiency	(1,953,000)
Net consideration	(4,316,000)
Gain in disposal of subsidiary	$ (6,269,000)

Summary of significant accoun_8

Summary of significant accounting policies (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies [Line Items]
SALES – RELATED PARTIES	$ 13,392,000	$ 89,053,000
COST OF GOODS SOLD
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
OTHER INCOME (EXPENSE)
LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST
PROVISION FOR INCOME TAXES	0	40,000
NET LOSS FROM OPERATIONS TO BE DISPOSED	(6,331,571)	(2,530,190)
Less: Net loss attributable to noncontrolling interest from operations disposed	0	(25,300)
Operations to be disposed [Member]
Summary Of Significant Accounting Policies [Line Items]
SALES	0	218,000
SALES – RELATED PARTIES	0	12,000
TOTAL SALES	0	230,000
COST OF GOODS SOLD		0
GROSS (LOSS) PROFIT	0	230,000
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		(60,000)
INCOME (LOSS) FROM OPERATIONS	0	170,000
OTHER INCOME (EXPENSE)
Finance/interest expense	0	(8,000)
Other non-operating expense, net	0	0
Other expense, net	0	(8,000)
LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST		162,000
PROVISION FOR INCOME TAXES	0	40,000
NET LOSS FROM OPERATIONS TO BE DISPOSED ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC.	0	122,000
Discontinued Operations [Member]
Summary Of Significant Accounting Policies [Line Items]
COST OF GOODS SOLD	6,311,000
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	(20,000)	(2,530,000)
INCOME (LOSS) FROM OPERATIONS	(6,331,000)	(2,530,000)
OTHER INCOME (EXPENSE)
Other expense, net	(1,000)	(2,530,000)
LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST	(6,332,000)	(2,530,000)
PROVISION FOR INCOME TAXES	0	0
NET LOSS FROM OPERATIONS TO BE DISPOSED	(6,332,000)	(2,530,000)
Less: Net loss attributable to noncontrolling interest from operations disposed	0	(26,000)
NET LOSS FROM OPERATIONS TO BE DISPOSED ATTRIBUTABLE TO GENERAL STEEL HOLDINGS, INC.	$ (6,332,000)	$ (2,504,000)

Summary of significant accoun_9

Summary of significant accounting policies (Details Textual) ¥ / shares in Units, $ / shares in Units, ¥ in Millions	Aug. 10, 2016USD ($)	Aug. 10, 2016CNY (¥)	Mar. 21, 2016USD ($)	Mar. 21, 2016CNY (¥)	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / shares¥ / sharesshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2016USD ($)¥ / sharesshares	Dec. 31, 2017¥ / shares	Apr. 30, 2017USD ($)	Apr. 30, 2017CNY (¥)	Dec. 31, 2016¥ / shares	Mar. 21, 2016CNY (¥)	Feb. 16, 2016	Dec. 28, 2015USD ($)	Dec. 28, 2015CNY (¥)
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage														100.00%
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent					$ 2,940,000		$ 1,370,000
Foreign Currency Exchange Translation Rate Balance Sheet Items | (per share)					$ 1	$ 1			¥ 6.51			¥ 6.94
Foreign Currency Exchange Average Translation Rate | ¥ / shares						$ 6.76		¥ 6.64
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions					$ 1,000,000		$ 1,200,000
Treasury Stock, Shares | shares					494,462	494,462	494,462	494,462
Due from Related Parties					$ 0	$ 0	$ 71,304,000	¥ 71,304,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures					14,708,681	$ 14,708,681	12,758,610	12,758,610
Equity Method Investments			$ 51,000,000
Proceeds from Sale of Equity Method Investments			23,800,000				23,800,000
Deferred Federal Income Tax Expense (Benefit)							140,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax					0		6,268,930
Related Party [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenues					6,310,000		10,000
NonRelated Party [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenues					170,000		220,000
Continuing Operations [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenue Gross					13,810,000		$ 140,900,000
Discontinued Operations [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage							100.00%
Revenue Gross					$ 13,400,000		$ 89,200,000
Sales [Member] | Supplier One Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage					96.70%		33.00%
Sales [Member] | Supplier Two Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage							29.50%
Sales [Member] | Supplier Three Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage							6.30%
Purchases [Member] | Supplier One Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage					47.70%		29.60%
Purchases [Member] | Supplier Two Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage					35.60%		15.00%
Purchases [Member] | Supplier Three Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage					15.20%		40.10%
Accounts Payable [Member] | Supplier One Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage					10.00%		46.80%
Accounts Payable [Member] | Supplier One Concentration Risk [Member] | Discontinued Operations [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage					10.00%
Accounts Payable [Member] | Supplier Two Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage							16.00%
Accounts Payable [Member] | Supplier Three Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage							37.20%
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Salvage Value, Percentage					5.00%	5.00%
Percentage Of Ownership, Significant Influence					50.00%	50.00%
Value Added Tax Rate					17.00%
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Salvage Value, Percentage					3.00%	3.00%
Percentage Of Ownership, Significant Influence					20.00%	20.00%
Value Added Tax Rate					13.00%
Tianwu General Steel Material Trading Co Ltd [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage					32.00%	32.00%
Due from Related Parties															$ 14,900,000	¥ 96.6
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures					$ 14,700,000	$ 14,700,000	$ 12,800,000	¥ 12,800,000
General Steel (China) [Member]
Summary Of Significant Accounting Policies [Line Items]
Additional Paid in Capital, Net Consideration			$ 45,700,000
Tianjin Shuangsi [Member]
Summary Of Significant Accounting Policies [Line Items]
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax					$ 3,330,000
Maoming Hengda operation disposed [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			100.00%										100.00%
Proceeds from Sale of Equity Method Investments			$ 23,900,000	¥ 154
Maoming Hengda operation disposed [Member] | Noncontrolling Interest [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			1.00%										1.00%
Tianwu Tongyong [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage			32.00%										32.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			100.00%										100.00%
Equity Method Investments			$ 23,900,000							$ 23,900,000	¥ 331.3		¥ 155.3
Other Payables Offset	$ 40,400,000	¥ 262.3
Tianwu Tongyong [Member] | Noncontrolling Interest [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			1.00%										1.00%
Catalon Chemical Corp [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			15.50%										15.50%
Maoming Hengda [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage			99.00%										99.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			1.00%										1.00%
Proceeds from Sale of Equity Method Investments			$ 40,400,000	262.3
Equity Method Investment, Amount Sold			50,500,000	328
Equity Method Investment Disposed Proceeds Receivable			$ 10,100,000	¥ 65.7

Other receivables (including _3

Other receivables (including related parties), net (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Other receivables	$ 124	$ 169
Other receivables – related party	0	71,304
Less: allowance for doubtful accounts	(121)	(169)
Net other receivables	3	71,304
Less: other receivables – held for sale	0	(30,554)
Net other receivables – continuing operations	$ 3	$ 40,750

Other receivables (including _4

Other receivables (including related parties), net (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Charge to expense	$ 0	$ 169,055
Other Receivables [Member]
Beginning balance	169,000	0
Charge to expense	0	169,000
Write off	(48,000)	0
Ending balance	121,000	169,000
Less: balance – held for sale	0	0
Ending balance - continuing operations	$ 121,000	$ 169,000

Equipment, net (Details)

Equipment, net (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Office equipment	$ 7,000	$ 7,000
Less: accumulated depreciation	(7,000)	(6,000)
Equipment, net – held for sale	0	1,000
Less: equipment, net – held for sale	0	(1,000)
Net equipment, net – continuing operations	$ 217	$ 214

Other payable and accrued lia_3

Other payable and accrued liabilities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Salary payable	$ 142,404	$ 142,404
Short term payable, no interest due on demand	1,479,596	0
Professional fees	507,754	589,650
Net equipment, net – continuing operations	$ 2,129,754	$ 732,054

Supplemental disclosure of ca_2

Supplemental disclosure of cash flow information (Details Textual) $ / shares in Units, ¥ in Millions	Aug. 10, 2016USD ($)	Aug. 10, 2016CNY (¥)	Aug. 19, 2016USD ($)$ / sharesshares	Mar. 21, 2016USD ($)	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)
Supplemental Disclosure Of Cash Flow Information [Line Items]
Gain (Loss) on Disposition of Stock in Subsidiary					$ 3,330,000	$ 45,600,000
Share-based Compensation					0	847,446
Other Receivables Offset						10,600,000
Debt Conversion, Original Debt, Amount			$ 3,600,000
Debt Conversion, Converted Instrument, Shares Issued | shares			3,272,727
Share Price | $ / shares			$ 0.35
Gain (Loss) on Extinguishment of Debt			$ 2,454,546,000		0	2,454,546
Accrued Liabilities					$ 240,000
Proceeds from Sale of Equity Method Investments				$ 23,800,000		23,800,000
Prepayments [Member]
Supplemental Disclosure Of Cash Flow Information [Line Items]
Share-based Compensation						610,000
Accrued Liabilities [Member]
Supplemental Disclosure Of Cash Flow Information [Line Items]
Stock Issued During Period, Shares, Other | shares					200,000
Tianwu Tongyuan [Member]
Supplemental Disclosure Of Cash Flow Information [Line Items]
Other Payables Offset	$ 40,400,000	¥ 262.3				$ 240,000

Taxes (Details)

Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Taxes [Line Items]
Current	$ 0	$ 40
Total provision for income taxes – operations held for sale	$ 0	$ 40

Taxes (Details Textual)

Taxes (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 22, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Taxes [Line Items]
Percentage Of Deferred Tax Asset			100.00%
Operating Loss Carryforwards, Date Expiration			The net operating loss carry forwards for United States income taxes amounted to $6.6 million, which may be available to reduce future years’ taxable income.
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	35.00%
Scenario, Plan [Member]
Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent		21.00%
Discontinued Operations [Member]
Taxes [Line Items]
Net operating losses carried forward			$ 930.6
Deferred Tax Assets, Valuation Allowance			$ 0
Segment To Be Disposed Operations [Member]
Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance				$ 0
UNITED STATES [Member]
Taxes [Line Items]
Percentage Of Deferred Tax Asset			100.00%
Valuation Allowance, Deferred Tax Asset, Change in Amount			$ 0.9
Deferred Tax Assets, Valuation Allowance			$ 1.4
Subsidiaries [Member]
Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Percent			25.00%

Related party transactions an_3

Related party transactions and balances (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Revenue from Related Parties		$ 13,392	$ 89,053
Less: Sales to related parties from operations disposed/held for sale		(13,392)	(89,053)
Sales–related parties – continuing operations		$ 0	0
Tianjin Dazhen Industry Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	[1]	Partially owned by CEO through indirect shareholding
Revenue from Related Parties		$ (45)	18
Tianjin Qiu Steel Investment Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Revenue from Related Parties		$ 77	0
Tianjin Hengying Trading Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Revenue from Related Parties		$ 13,360	45,742
Tianjin Daqiuzhuang Steel Plates Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Revenue from Related Parties		$ 0	7,630
Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Revenue from Related Parties		$ 0	$ 35,663
[1]	The CEO is referred to herein as the chief executive officer of General Steel Holdings, Inc. Mr. Zuosheng Yu. Sales to related parties in trading transactions from disposed operations, which were netted against the corresponding cost of goods sold, amounted to $6.4 million net cost of sales and $0.01 million net revenue for the years ended December 31, 2017 and 2016, respectively.

Related party transactions an_4

Related party transactions and balances (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		$ 19,839	$ 99,141
Less: Purchases from related parties from operations disposed/held for sale		(19,839)	(99,141)
Sales–related parties – continuing operations		$ 0	0
Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Related Party Transaction, Purchases from Related Party		$ 3,063	21,192
Tianjin Hengying Trading Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Related Party Transaction, Purchases from Related Party		$ 0	9,579
General Steel (China) Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Related Party Transaction, Purchases from Related Party		$ 9,607	56,515
Tianjin DazhenTrading Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	[1]	Partially owned by CEO through indirect shareholding
Related Party Transaction, Purchases from Related Party		$ 7,169	$ 11,855
[1]	The CEO is referred to herein as the chief executive officer of General Steel Holdings, Inc. Mr. Zuosheng Yu. Sales to related parties in trading transactions from disposed operations, which were netted against the corresponding cost of goods sold, amounted to $6.4 million net cost of sales and $0.01 million net revenue for the years ended December 31, 2017 and 2016, respectively.

Related party transactions an_5

Related party transactions and balances (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Other receivable – related party	$ 0	$ 71,304,000
Less: other receivable – related parties - held for sale	0	(30,554,000)
Other receivable – related parties – continuing operations	$ 0	40,749,746
Wendler Investment & Management Group Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	Common control under CEO
Other receivable – related party	$ 0	43,000
Tianwu General Steel Material Trading Co., Ltd. [Member]
Related Party Transaction [Line Items]
Related Party Relationship	Investee of General Steel (China)
Other receivable – related party	$ 0	22,137,000
General Steel (China) Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	Partially owned by CEO through indirect shareholding
Other receivable – related party	$ 0	30,396,000
Maoming Hengda [Member]
Related Party Transaction [Line Items]
Related Party Relationship	Wholly owned by Tianwu Tongyong
Other receivable – related party	$ 0	18,612,000
Beijing Shenghua Xinyuan Metal Materials Co Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	Partially owned by CEO through indirect shareholding
Other receivable – related party	$ 0	$ 116,000

Related party transactions an_6

Related party transactions and balances (Details 3) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Accounts payable - related parties		$ 0	$ 13,448
Less: accounts payable – related parties - held for sale		0	(13,448)
Accounts payable – related party – continuing operations		$ 0	0
Tianjin Dazhen Industry Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	[1]	Partially owned by CEO through indirect shareholding
Accounts payable - related parties		$ 0	6,289
Wendlar Tianjin Industry Co., Ltd.(Formerly known as Qiu Steel) [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Accounts payable - related parties		$ 0	2,171
Tianjin Daqiuzhuang Steel Plates Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Accounts payable - related parties		$ 0	$ 4,988
[1]	The CEO is referred to herein as the chief executive officer of General Steel Holdings, Inc. Mr. Zuosheng Yu. Sales to related parties in trading transactions from disposed operations, which were netted against the corresponding cost of goods sold, amounted to $6.4 million net cost of sales and $0.01 million net revenue for the years ended December 31, 2017 and 2016, respectively.

Related party transactions an_7

Related party transactions and balances (Details 4) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Other payables - related parties		$ 8,445	$ 50,605
Less: other payables – related parties - held for sale		0	(773)
Other payables – related parties – continuing operations		$ 8,445	49,832
Wendlar Investment & Management Group Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Common control under CEO
Other payables - related parties		$ 0	32
Yangpu Capital Automobile [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Other payables - related parties		$ 95	95
General Steel (China) Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship		Partially owned by CEO through indirect shareholding
Other payables - related parties		$ 6,881	48,376
Tianjin Dazhen Industry Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	[1]	Partially owned by CEO through indirect shareholding
Other payables - related parties		$ 0	773
Zuosheng Yu [Member]
Related Party Transaction [Line Items]
Related Party Relationship		CEO
Other payables - related parties		$ 1,469	$ 1,329
[1]	The CEO is referred to herein as the chief executive officer of General Steel Holdings, Inc. Mr. Zuosheng Yu. Sales to related parties in trading transactions from disposed operations, which were netted against the corresponding cost of goods sold, amounted to $6.4 million net cost of sales and $0.01 million net revenue for the years ended December 31, 2017 and 2016, respectively.

Related party transactions an_8

Related party transactions and balances (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Customer deposit – related parties- operations held for sale	$ 0	$ 12,242
Tianjin Hengying Trading Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Relationship	Partially owned by CEO through indirect shareholding
Customer deposit – related parties- operations held for sale	$ 0	$ 12,242

Related party transactions an_9

Related party transactions and balances (Details Textual) ¥ in Millions	1 Months Ended		12 Months Ended
	Mar. 21, 2016USD ($)	Mar. 21, 2016CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2017CNY (¥)	Mar. 21, 2016CNY (¥)	Feb. 16, 2016
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage								100.00%
Equity Method Investments	$ 51,000,000
Proceeds from Sale of Equity Method Investments	$ 23,800,000			$ 23,800,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax			$ 0	6,268,930
Disposal Group Including Discontinued Operation Revenue, Related Parties			13,392,000	89,053,000
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Disposal Group Including Discontinued Operation Revenue, Related Parties			6,400,000
Disposal Group, Including Discontinued Operation, Revenue				$ 10,000
Tianwu Tongyong [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	100.00%						100.00%
Equity Method Investment, Ownership Percentage	32.00%						32.00%
Equity Method Investments	$ 23,900,000				$ 23,900,000	¥ 331.3	¥ 155.3
General Steel China Co Ltds [Member]
Related Party Transaction [Line Items]
Additional Paid in Capital, Net Consideration	$ 45,700,000
Maoming Hengda [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	1.00%						1.00%
Equity Method Investment, Ownership Percentage	99.00%						99.00%
Proceeds from Sale of Equity Method Investments	$ 40,400,000	¥ 262.3
Noncontrolling Interest [Member] | Tianwu Tongyong [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	1.00%						1.00%
Tianjin Shuangsi [Member]
Related Party Transaction [Line Items]
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax			$ 3,310,000

Equity (Details Textual)

Equity (Details Textual) $ / shares in Units, ¥ in Millions	1 Months Ended							12 Months Ended
	Nov. 30, 2018shares	Mar. 31, 2017shares	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2016CNY (¥)shares	Aug. 19, 2016USD ($)$ / sharesshares	Mar. 16, 2016USD ($)$ / sharesshares	Jan. 20, 2016$ / sharesshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Stock Issued During Period, Shares, Issued for Services						30,000	242,466
Shares Issued, Price Per Share | $ / shares						$ 1.26	$ 1.80
Stock Issued During Period, Shares, New Issues	14,285,715
Stock Issued During Period, Value, New Issues | $									$ 1,500,000
Gain (Loss) on Extinguishment of Debt | $					$ 2,454,546,000			$ 0	$ 2,454,546
Financial Advisory and Research Coverage Services [Member]
Stock Issued During Period, Shares, Issued for Services		200,000
Private Placement [Member]
Shares Issued, Price Per Share | $ / shares			$ 1
Stock Issued During Period, Shares, New Issues			1,500,000	1,500,000
Stock Issued During Period, Value, New Issues			$ 1,500,000	¥ 10
Oriental Ace Limited [Member]
Shares Issued, Price Per Share | $ / shares					$ 0.35
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments | $					$ 3,600,000
Stock Issued During Period, Shares, Conversion of Convertible Securities					3,272,727
Gain (Loss) on Extinguishment of Debt | $					$ 2,454,546,000
Restricted Stock [Member]
Stock Issued During Period, Shares, Issued for Services						127,120
Proceeds from Issuance of Common Stock | $						$ 1.18

Acquisition (Details Textual)

Acquisition (Details Textual) ¥ in Millions	1 Months Ended			12 Months Ended
	Dec. 31, 2017USD ($)	Feb. 16, 2016USD ($)	Feb. 16, 2016CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		100.00%	100.00%
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax				$ 0	$ 6,268,930
Tianjin Shuangsi [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred | ¥			¥ 19
Business Combination, Consideration Transferred, Liabilities Incurred | ¥			¥ 18.8
Payments to Acquire Businesses, Gross		$ 30,000
Disposal Group, Including Discontinued Operation, Consideration	$ 3,310,000			$ 3,310,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	$ 3,310,000

Subsequent events (Details Text

Subsequent events (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Nov. 30, 2018	Aug. 24, 2018	Dec. 31, 2016	Dec. 31, 2017	Aug. 19, 2016	Mar. 16, 2016	Jan. 20, 2016
Shares Issued, Price Per Share						$ 1.26	$ 1.80
Common Stock, Shares, Issued			20,494,670	20,694,670
Common Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001
Share Price					$ 0.35
Stock Issued During Period, Shares, New Issues	14,285,715
Stock Issued During Period, Value, New Issues			$ 1,500,000
Hummingbird Holdings Limited [Member]
Common Stock, Shares, Issued		7,352,941
Common Stock, Par or Stated Value Per Share		$ 0.001
Share Price		$ 0.034
Proceeds from Issuance of Common Stock		$ 250,000
Scenario, Forecast [Member] | Hummingbird Holdings Limited [Member]
Shares Issued, Price Per Share	$ 0.035
Common Stock, Par or Stated Value Per Share	$ 0.001
Stock Issued During Period, Value, New Issues	$ 500,000