Last Updated :
09 September 2009 at 16:30 IST
Alloy Steel Int値 in supply-deal with BHP
Commodity Online Alloy Steel Int’l (OTC: AYSI) subsidiary Alloy Steel Australia (Int’l) Pty. Ltd. has signed a long term strategic supply agreement with BHP Billiton Ltd. (ASX:BHP) to supply Arco-plate Wear Resistant Super Alloy Wear-plate for iron ore mining operations in Western Australia.
The primary product shall be utilized for the multi-million dollar expansion of their operations in the Pilbara area of Western Australia. BHP issued the 1st product release for value in excess of US$5 million in last 7 weeks.In the next 5 years the value of Wear-plate may be in excess of US$50 million.
The new Arco-plate mill has been working at full capacity satisfying the demand for the new 3/4 inch or 20mm material since its commencement whilst the other Arco-plate mill has been fully utilized with the ongoing demand for the thinner overlay materials.
On account of the increased level of interest in AYSI’s Arco-plate product by local and international mining companies, AYSI management is currently sowing strategy for a further 2 production mills with substantially increased capacity to turn active in early 2010.
AYSI gained 154.55% while closing at 1.4 at Over the Counter Bulletin Board Exchange (OTCBB) on Tuesday. It touched a 52-week high of 1.7 and low of 0.2. BHP gained 0.29% at Australia Stock Exchange and closed at 37.69 on Wednesday.
NCDEX SUGARM200JUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
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