General Steel Corporation

Quick summary on General Steel Corporation

General Steel Corporation: A Fraudulent Construction Scheme That Preys on Customers
General Steel Corporation presents itself as a reputable construction company, but customer experiences tell a much darker story. With reports of undelivered projects, deceptive business practices, and outright refusal to issue refunds, this company has left many investors stranded with substantial financial losses.

A Business Model Built on Broken Promises
Customers who have handed over large deposits expecting timely delivery of steel buildings have been met with years-long delays, skyrocketing prices, and ultimately, no finished product. One buyer paid a $35,000 deposit, only to wait seven years without receiving the building he was promised. The price of the structure inflated from $60,000 to $110,000, forcing him to abandon hope of ever recovering his money.

Deceptive Practices and Evasive Tactics

General Steel Corporation is accused of misleading customers at every stage of the transaction:
Failure to Provide Basic Information: One victim paid $10,000 for a promised list of building parts that was never delivered. Attempts to retrieve it were met with excuses, avoidance, and blatant dishonesty—even from company executives.

Hostile and Unprofessional Conduct: Customers who raise concerns face rude treatment, evasive behavior, and refusal to acknowledge errors. One engineer, who attempted to collaborate on a project, was pressured into unnecessary compromises, only for the company to deny responsibility when structural issues arose.

High Scam Severity and Customer Losses
General Steel Corporation’s history of stalling, misleading, and ignoring customer complaints paints a clear picture: this is not a company that delivers on its promises. Reports indicate a total customer loss of $5,233, and the severity of complaints continues to rise.

The Final Verdict: Avoid General Steel Corporation
Despite years of fraudulent activity, General Steel Corporation remains in business, unchecked by regulatory action. With a track record of broken commitments, poor service, and blatant disregard for customer rights, this is a company best avoided.