-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TZMR9+lSCKR0B6n53fDlwhOgFyNN37JiSafyRjU6axipTBhuAIrfkDFOX3VeCN7/
 PNcG56DfRFrdOSTNPJRaHg==

<SEC-DOCUMENT>0001144204-11-000577.txt : 20110104
<SEC-HEADER>0001144204-11-000577.hdr.sgml : 20110104
<ACCEPTANCE-DATETIME>20110104172521
ACCESSION NUMBER:		0001144204-11-000577
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110103
FILED AS OF DATE:		20110104
DATE AS OF CHANGE:		20110104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			He Angela
		CENTRAL INDEX KEY:			0001497859

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33717
		FILM NUMBER:		11507371

	MAIL ADDRESS:	
		STREET 1:		113 WASHINGTON STREET
		CITY:			PLACENTIA
		STATE:			CA
		ZIP:			92870

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENERAL STEEL HOLDINGS INC
		CENTRAL INDEX KEY:			0001239188
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				412079252
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		10TH FLOOR, NO. 3 NAN LI SHI ROAD A
		STREET 2:		HAITONG BUILDING, XICHENG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			XXXXX
		BUSINESS PHONE:		(702) 866-2500

	MAIL ADDRESS:	
		STREET 1:		10TH FLOOR, NO. 3 NAN LI SHI ROAD A
		STREET 2:		HAITONG BUILDING, XICHENG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			XXXXX

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN CONSTRUCTION CO
		DATE OF NAME CHANGE:	20030605
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v207175_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-01-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001239188</issuerCik>
        <issuerName>GENERAL STEEL HOLDINGS INC</issuerName>
        <issuerTradingSymbol>GSI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001497859</rptOwnerCik>
            <rptOwnerName>He Angela</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>KUNTAI INT'L MANSION BLDG, SUITE 2315,</rptOwnerStreet1>
            <rptOwnerStreet2>CHAOYANGMENWAI AVE, CHAOYANG DISTRICT</rptOwnerStreet2>
            <rptOwnerCity>BEIJING</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>100020</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-01-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>The Reporting Person received 2,500 shares of restricted common stock as incentive awards from the Issuer pursuant to a board
 resolution dated December 17, 2010, issued under the Issuer's 2008 Equity Incentive Plan, as amended.</remarks>

    <ownerSignature>
        <signatureName>/s/ Angela He</signatureName>
        <signatureDate>2011-01-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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