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: May 45, 2010

ALLOY STEEL INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in Charter)

DELAWARE	000-32875	98-0233941
(State or other jurisdiction of incorporation)	Commission File Number)	IRS Employer Identification No.)

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 28.0201 ~~Results~~Other ~~of Operations and Financial Condition~~Events

~~Preliminary~~Alloy ~~Half~~Steel ~~Year~~International ~~Profit Advice~~Inc

MrCorporate G Kostecki, Chief Executive Officer of Alloy Steel International Inc, is very pleased to advise the market of the company’s profit performance for the period ending March 31, 2010, being the first six months of the company’s fiscal year.Update

ItThe ~~must~~Board beof ~~emphasized~~Directors ~~that~~of ~~these~~the ~~results~~Company ~~are~~is ~~still~~currently ~~subject~~examining tovarious ~~final~~corporate ~~audit~~strategies ~~review,~~which ~~but~~would nocompliment ~~material~~the ~~changes~~Company’s torapid growth and potential in the ~~figures~~wear ~~are~~plate ~~anticipated~~market.

~~The~~These ~~profit~~strategies ~~before~~include ~~taxation~~upgrading ~~for~~its ~~the~~listing ~~period~~to ~~under~~a ~~review~~more ~~was~~internationally ~~$3,919,036~~recognized ~~(2009~~stock ~~$119~~exchange,~~164)~~ anincluding ~~increase~~the possibility of ~~$3,799,872.~~a ~~After~~dual ~~taxation~~listing ~~impost,~~on the ~~amount~~Australian ~~attributable~~Securities ~~to stockholders was $2,617,540~~Exchange.

~~This~~As ~~profit~~such, ~~was~~the ~~generated~~Company onis ~~sales~~not ofconsidering ~~$10,970,952~~a ~~(2009~~share ~~$3,325,278)~~split.

MrThe ~~Kostecki~~market ~~commented~~is ~~that~~more ~~this~~than isever ~~truly~~more anconscious ~~outstanding~~of ~~result,~~cost aeffectiveness. ~~tribute~~The toCompany’s ~~the~~products ~~employees~~are ofincreasing traction in being the ~~company~~premier ~~and~~product ~~further~~in ~~proof~~delivering ~~that~~wear ~~the~~plate ~~previous~~solutions. ~~downturn~~This inis evidenced by the ~~mining~~Company’s ~~industry~~current isforward ~~reversing~~order book of US$8.6 million.

~~The~~About ~~company is expecting this trend to continue and at April 30, 2010, there were confirmed orders of $8,650,000 waiting to go into production.~~Us

AsAlloy ~~the~~Steel International Inc (OTCBB:AYSI) manufactures and distribute Arcoplate, a market ~~will~~leading ~~perceive~~wear-resistant alloy overlay wear plate, through a patented production process. In mining processing industries, wear is the ~~company~~primary cause of down time, the period of time where machinery is ~~starting~~not toin ~~garner~~operation because of the ~~benefits~~necessity ~~from~~of repairs or refurbishment. The Arcoplate product line substantially lowers down time and the ~~new~~resulting ~~super~~lost production. Arcoplate ~~released~~is widely accepted in the ~~latter~~mining ~~half~~and mineral processing industries to protect a host of ~~last~~fixed ~~year~~plant and mobile equipment applications. The Company boasts major mining companies as its clients and services the global market place from its Australian manufacturing facilities.

~~The~~Forward ~~company~~Looking ~~expects to lodge the 10Q for the period early in the second week of this month.~~Statements

Certain statements in this announcement are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which reflect the Company’s current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. The Company does not undertake any obligation to update or revise any statements in this announcement including forward-looking statements. No statements made herein regarding expectations or future profits are profit forecasts.

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.

	ALLOY STEEL INTERNATIONAL, INC.
Date: May 4, 2010		By:	/s/ Alan Winduss
Date: May 5, 2010		By:	/s/ Alan Winduss
			Alan Winduss
			Chief Financial Officer

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