General steel holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported sales were $454,855,000 compared to $508,637,000 a year ago. Loss from operations was $1,008,022,000 compared to income of $6,325,000 a year ago. Loss before provision for income taxes and non-controlling interest was $1,034,192,000 compared to $16,435,000 a year ago. Net loss attributable to company was $615,027,000 or $9.80 basic and diluted per share compared to $11,019,000 or $0.20 basic and diluted per share a year ago. The year-over-year sales decrease was primarily due to the significant decreases in the average selling price of rebar, partially offset by the higher sales volume.

For the six months, the company reported sales were $725,624,000 compared to $1,020,642,000 a year ago. Loss from operations was $1,063,734,000 compared to $37,338,000 a year ago. Loss before provision for income taxes and non-controlling interest was $1,108,271,000 compared to $86,026,000 a year ago. Net loss attributable to company was $660,180,000 or $10.58 basic and diluted per share compared to $54,583,000 or $0.98 basic and diluted per share a year ago. Net cash used in operating activities was $247,546,000 compared to net cash provided by operating activities of $121,657,000 a year ago. Equipment purchase and intangible assets was $40,174,000 compared to $112,713,000 a year ago.