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

Rhea-AI Summary

Alloy Steel International (OTC: AYSI) has released its 2021 First Quarter Financial Report, covering the three months ending December 31, 2020. The report details the company's financial performance and provides insights into its operations focused on the production and distribution of Arcoplate, a superior alloy overlay wear plate. Arcoplate is recognized for its durability and effectiveness in reducing equipment downtime and wear in the mining and materials processing sectors, enhancing overall profitability for users.

Positive

• Arcoplate offers superior wear protection, enhancing equipment longevity.
• Product reduces downtime and maintenance costs, increasing production.
• Wide acceptance of Arcoplate in mining and mineral processing industries.

Negative

• None.

PERTH, Australia, Feb. 17, 2021 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its 2021 Financial year First Quarter Report for the three months ended December 31, 2020 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 does Alloy Steel International's 2021 First Quarter Report reveal?

The report provides insights into the company's financial performance and the effectiveness of Arcoplate in reducing equipment downtime.

How does Arcoplate benefit the mining industry?

Arcoplate reduces equipment wear and downtime, enhancing overall productivity and profitability for users.

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

Financial reports can be accessed on the OTC Markets website by searching for AYSI.