General Steel Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $270,769,000 compared to $512,005,000 a year ago. Total sales were $328,164,000 compared to $594,211,000 a year ago.

Loss from operations was $55,712,000 compared to $43,663,000 a year ago. Loss before provision for income taxes and noncontrolling interest was $74,079,000 compared to $69,591,000 a year ago. Net loss attributable to the company was $45,153,000 or $0.73 per basic and diluted share compared to $43,564,000 or $0.78 per basic and diluted share a year ago.

Net cash used in operating activities was $40,950,000 compared to net cash provided by operating activities of $65,523,000 a year ago. Equipment purchase and intangible assets was $31,589,000 compared to $56,861,000 a year ago. The year-over-year sales decrease was primarily due to decreases in both total sales volume and average selling price of rebar.