General Steel Turns To Profit In Q4 - Quick Facts

(RTTNews) - General Steel Holdings, Inc. (GS) reported fourth-quarter net income attributable to the company of $9.4 million, or $0.16 per share, compared to a net loss of $102 thousand, or $0.002 per share in the fourth quarter of 2013.

Total sales decreased slightly by 0.8% year-over-year to $544.4 million, compared to $548.7 million in the fourth quarter of 2013. The company said the year-over-year sales decrease was primarily due to a decrease in in average selling price of rebar, partially offset by increased total sales volume.

Total sales volume in the fourth quarter of 2014 was 1.35 million metric tons, an increase of 17.1% compared with 1.15 million metric tons in the fourth quarter of 2013.