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

Rhea-AI Summary

Alloy Steel International (OTC: AYSI) has released its Third Quarter Report for the financial year ending June 30, 2021. The report highlights the performance of Arcoplate, a leading alloy overlay wear plate used in the mining and materials processing industries. Arcoplate's unique alloy mix and manufacturing process provide superior wear protection, reducing equipment downtime and lowering costs. The product's effectiveness in minimizing wear and enhancing equipment life has gained acceptance among major industry players.

Positive

• Arcoplate's superior alloy mix results in significant profit improvement for users.
• Reduced equipment downtime leads to higher production rates.
• The product is widely accepted in the mining and mineral processing industries.

Negative

• None.

PERTH, Australia, Aug. 17, 2021 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its 2021 Financial year Third Quarter Report for the nine months ended June 30, 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 purpose of Alloy Steel International's Third Quarter Report for FY 2021?

The Third Quarter Report provides insights into the financial performance and operational metrics of Alloy Steel International for the nine months ending June 30, 2021.

How does Arcoplate benefit users in the mining industry?

Arcoplate offers superior wear protection, reducing equipment downtime and overall wear protection costs.

Where can I find Alloy Steel International's latest financial reports?

The latest financial reports, including the Third Quarter Report, can be accessed on the OTC Markets website by searching for AYSI.

What industries utilize Arcoplate from Alloy Steel International?

Arcoplate is primarily used in the mining and materials processing industries.

What are the key advantages of using Arcoplate?

Key advantages include reduced equipment downtime, lower costs of wear protection, and enhanced equipment life.