form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report: November 10, 2009
ALLOY
STEEL INTERNATIONAL, INC.
(Exact
Name of Registrant as Specified in Charter)
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DELAWARE
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000-32875
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98-0233941
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(State
or other jurisdiction of incorporation)
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Commission
File Number)
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IRS
Employer Identification No.)
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42
MERCANTILE WAY MALAGA
P.O. BOX
3087 MALAGA DC 6945
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: +61 8 9248 3188
ITEM
8.01 OTHER EVENTS
Quantum
Leap for New Super Alloy
High
demand for new Super Alloy
Arcoplate products has prompted Alloy Steel International to expand their
operations into Indonesia by the appointment of a company to carry out functions
on its behalf and under its direction.
The first
overseas engineering office, based in Jakarta, will house both marketing staff
and engineering professionals.
The
Indonesian capital was chosen as the hub of operations due to its proximity to
the expanding South-east Asian market, the lower manufacturing costs and the
availability of highly qualified technical staff.
Possible
sites for the manufacturing facility are undergoing analysis regarding capital
costs of construction and fit out.
The Arcoplate Super Alloy,
released in July this year, can be manufactured thinner thus lighter and more
durable than older white iron type products. A one inch Arcoplate Super Alloy
plate can replace white iron products up to six inches thick. Successful
laboratory tests and field trials have shown cost and energy savings by reducing
friction, greater ease of handling, and less production shutdown time for plate
replacements.
Mining
clientele have indicated they will specify Arcoplate in their plant
expansions, upgrades and in new mining and mineral processing applications
worldwide. The new thicker sizes are in heavy demand worldwide.
The new
Indonesian branch of Alloy Steel International will cater for clients extending
their mining operations into Indonesia and will allow for further expansion into
the Chinese, Indian and Mongolian markets.
Alloy
Steel International Chairman, Mr Gene Kostecki, estimates that once the company
has the facility to service the Indonesian market from a local base, demand for
Arcoplate in Indonesia
could exceed $10 million per annum.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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ALLOY
STEEL INTERNATIONAL, INC.
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Date:
November 10, 2009
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By:
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/s/ Alan Winduss
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Alan Winduss
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Chief Financial Officer
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