Alloy Steel International Advises The Release Of 2021 Financial Year Second Quarter Report

Rhea-AI Summary

Alloy Steel International (OTC: AYSI) has released its 2021 Q2 Financial Report covering the six months ended March 31, 2021. The report is accessible on the OTC Markets website. Alloy Steel specializes in manufacturing Arcoplate, a leading alloy overlay wear plate known for its durability in the mining and materials processing industries. Arcoplate is valued for its high carbide-rich alloy mix and unique manufacturing process, which significantly reduces equipment downtime and costs for users.

Positive

• Arcoplate's superior wear protection leads to higher production and reduced operational costs.
• Widespread acceptance of Arcoplate in the mining sector due to its unique characteristics.

Negative

• None.

PERTH, Australia, May 11, 2021 /PRNewswire/ --Alloy Steel International, Inc. (OTC: AYSI) advises that its 2021 Financial year Second Quarter Report for the six months ended March 31, 2021 is now available on www.otcmarkets.com website by searching for AYSI then choosing "Filings and Disclosure."

About Alloy Steel

Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global marketplace from its modern manufacturing facilities in Perth, Australia.  Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.

Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.

In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.

Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.

FOR FURTHER INFORMATION
Thushara Sam Dahanayake
Company Secretary
+61-8-9248 3188

 

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SOURCE Alloy Steel International, Inc.

FAQ

What is the significance of the 2021 Q2 Financial Report for Alloy Steel International?

The report provides insights into the company's financial performance and operational developments for the six months ending March 31, 2021.

Where can I access Alloy Steel International's financial report?

The report is available on the OTC Markets website by searching for AYSI and selecting 'Filings and Disclosure.'

What is Arcoplate by Alloy Steel International?

Arcoplate is a market-leading alloy overlay wear plate designed for superior wear protection in mining and materials processing applications.

How does Arcoplate improve profitability in mining?

Arcoplate reduces equipment downtime and overall wear protection costs, leading to significant profit improvements for users.