UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

_______________________________

FORM 8-K

CURRENT REPORT

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 ORor 15(d) OFof ~~THE~~the Securities Exchange Act of 1934

~~SECURITIES EXCHANGE ACT OF 1934~~__________________________________

Date of Report: ~~May~~(Date 18of earliest event reported): September 27, 2010

ALLOY STEEL INTERNATIONAL, INC. (Exact name of registrant as specified in charter)

(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.)

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

Alloy Steel International, Inc.

42 ~~MERCANTILE~~Mercantile ~~WAY~~Way ~~MALAGA~~Malaga

P.O. ~~BOX~~Box 3087 ~~MALAGA~~Malaga DCD C 6945

Western Australia

(Address of principal executive offices)

~~Registrant’s telephone number, including area code: +~~61 (8) 9248 3188

~~ITEM~~(Issuer’s ~~1.01~~telephone ~~Entity into a Material Definitive Agreement~~number

~~Manufacturing~~Check ~~Capacity~~the ~~Expansion~~appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

~~Highlights~~o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Øo Soliciting ~~Industrial~~material ~~land~~pursuant ~~for~~to ~~expansion~~Rule ~~acquired~~14a-12 under the Exchange Act (17 CFR 240.14a-12)

Øo Pre-commencement ~~Scalable~~communications ~~Modular~~pursuant ~~Plant~~to ~~design~~Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Øo Pre-commencement ~~Improved~~communications ~~margins~~pursuant ~~expected~~to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ØItem ~~Improved~~1.01 ~~speed~~Entry tointo ~~market~~a Material Definitive Agreement.

MrOn G.September ~~Kostecki~~27, ~~Chairman~~2010, ~~and CEO of~~ Alloy Steel International, Inc. is(the ~~pleased~~“Company”) toentered ~~advise~~into ~~stock~~an ~~holders~~Indemnification ~~and~~Agreement ~~the~~with ~~market~~(i) ~~that~~Gene onKostecki, ~~Friday~~Chairman ~~16th~~and ~~April,~~Chief Executive Officer of the Company, ~~signed~~and an(ii) ~~agreement~~Barry ~~for~~Woodhouse, ~~the~~Chief ~~purchase~~Financial Officer of ~~commercial~~the ~~and~~Company ~~industrial~~(collectively, ~~land~~the in“Indemnification ~~Indonesia~~Agreements”).

The ~~land~~Indemnification ofAgreements anprovide ~~area~~indemnification ofin ~~approximately~~addition ~~37,500~~to ~~square~~the ~~metres~~indemnification ~~(403,646~~provided ~~square~~by ~~feet)~~the isCompany’s ~~located~~certificate inof ~~Cilegon~~incorporation, ~~(see~~by-laws ~~http://www~~and applicable law.~~kiec.co.id/estate_e.html)~~ Among other things, athe ~~port~~Company ~~side~~agrees ~~industrial~~to ~~estate~~advance inor ~~close~~reimburse ~~proximity~~expenses toincurred ~~Jakarta~~by Mr. Kostecki and Mr. Woodhouse in certain proceedings, ~~the~~as ~~capital~~described ofin ~~Indonesia~~the Indemnification Agreements.

The ~~current~~foregoing ~~Arcoplate~~description ~~manufacturing~~of ~~plant~~the inIndemnification ~~Western~~Agreements ~~Australia~~is ~~with~~ a ~~land~~general ~~area~~description ofonly ~~4,750~~and ~~square meters (51,128 square feet)~~ is atqualified ~~full~~in ~~production~~its ~~capacity~~entirety ~~and has been limited~~ by ~~capacity~~reference to ~~service~~ the ~~increasing~~Indemnification ~~demand.~~Agreements, ~~With~~copies ~~the~~of ~~new~~which ~~facilities~~are infiled ~~Indonesia,~~as ~~the~~Exhibit ~~Company~~10.1 ~~will~~and ~~have~~Exhibit ~~sufficient~~10.2 ~~space~~ to ~~increase~~this ~~its~~report ~~capacity~~and ~~in-line~~are ~~with~~incorporated ~~market~~herein ~~demand~~by ~~for its products~~reference.

~~The~~Item ~~new facilities will also better enable the Company’s ability to service increasing client requirements and growth from emerging countries, including Latin America, Russia, India, China and Africa~~8.01 ~~The~~Other ~~Company’s patented modular plant design augurs well for scaling production capacity in line with the anticipated increased demand~~Events.

~~The~~Alloy ~~current~~Steel ~~Western~~International, ~~Australian~~Inc. ~~plant~~today ~~will~~announced ~~continue~~that it intends to ~~service~~file ~~the~~Form ~~Australian~~15 ~~market~~with the Securities and Exchange Commission (the ~~new~~“SEC”) ~~capacity~~today ~~will~~in ~~supply~~order ~~the~~to ~~rest~~effect a termination of registration of its common stock under the ~~world~~Securities and Exchange Act of 1934.

~~The~~Upon ~~purpose built plant in~~ the ~~Cilegon~~filing ~~industrial~~of ~~estate~~Form is15, ~~expected~~Alloy’s obligation to ~~also~~file ~~improve~~periodic ~~operating margins~~ and ~~shorten~~current ~~delivery~~reports ~~times~~with ~~to customers. A steel mill is located within~~ the ~~industrial estate~~SEC, ~~which~~including ~~will~~Forms ~~provide~~10-K, ~~efficient~~10-Q and ~~cost~~8-K, ~~effective~~will ~~raw~~be ~~materials~~immediately ~~for the Company~~suspended. Alloy Aexpects ~~deepwater port within~~ the ~~industrial~~registration ~~facility~~of ~~provides~~its ~~efficient~~common ~~access~~stock towill ~~the~~be ~~Company’s~~terminated ~~international~~90 ~~customers.~~days ~~Furthermore,~~after ~~there are ample skilled and cheap labour available whilst~~ the ~~computerised~~filing ~~plant~~of ~~machinery~~Form ~~can~~15 bewith ~~controlled and monitored remotely from anywhere in~~ the ~~world, ensuring consistent quality control~~SEC.

~~About~~Item us9.01 Financial Statements and Exhibits.

~~Alloy Steel International Inc~~ (~~OTCBB:AYSI~~d) ~~manufactures and distribute Arcoplate, a market leading wear-resistant alloy overlay wear plate, through a patented production process~~Exhibits. In mining processing industries, wear is the primary cause of down time, the period of time where machinery is not in operation because of the necessity of repairs or refurbishment. The Arcoplate product line substantially lowers down time and the resulting lost production. Arcoplate is widely accepted in the mining and mineral processing industries to protect a host of fixed 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.

~~Forward~~The ~~Looking~~following ~~Statements~~exhibits are furnished as part of this Report:

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.

Exhibit No.		Description

99.1		Press Release

10.1		Indemnification Agreement with Gene Kostecki

10.2		Indemnification Agreement with Barry Woodhouse

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~Registrant~~registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ALLOY STEEL INTERNATIONAL, INC.
Date: May 18, 2010		By:	/s/ Alan Winduss
Date: September 27, 2010	By:	/s/ Gene Kostecki
			Alan Winduss
		Gene Kostecki, President and
			Chief Financial Officer
		Chief Executive Officer

ALLOY STEEL INTERNATIONAL, INC.

EXHIBIT INDEX

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits:

Exhibit No.		Description

99.1		Press Release

10.1		Indemnification Agreement with Gene Kostecki

10.2		Indemnification Agreement with Barry Woodhouse

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