Exhibit 10.19

      THIS  EQUIPMENT  PURCHASE  AGREEMENT,  dated as of  October  2,  2000 (the
"Equipment  Agreement"),  is by and between ALLOY STEEL  INTERNATIONAL,  INC., a
Delaware  corporation  ("ASI"),  and KROKO  NOMINEES  PTY LTD As Trustee for THE
COLLIER UNIT TRUST, an Australian entity ("Collier").


      WHEREAS,  ASI desires to purchase  from  Collier,  and Collier  desires to
sell, an Alloy Application  Machine known as Machine #2 ("Machine #2"), upon the
terms and subject to the conditions set forth in this Agreement.

      NOW, THEREFORE,  in consideration of the mutual benefits to be derived and
the representations,  warranties, conditions and covenants herein contained, and
intending to be legally bound hereby, the parties hereto agree as follows:


                          ARTICLE I: PURCHASE AND SALE

      SECTION 1.01. Sale and Purchase of Assets.

            (1) On the Date hereof Collier shall sell,  transfer,  grant, convey
and assign to ASI, its  successors and assigns  forever,  and ASI shall purchase
and receive from Collier, all of the right, title and interest in and to Machine
#2.

      SECTION  1.02.  Consideration.  The  purchase  price is $820,000 in United
States Dollars (the "Purchase Price").

      SECTION  1.03.  Delivery.  Delivery  shall be made at ASI's expense to its
plant and will furnish specifications for said delivery.

                   ARTICLE II: REPRESENTATIONS AND WARRANTIES

      SECTION 2.01. "AS IS" Sale.

            MACHINE #2 COVERED BY THIS  CONTRACT  HAS BEEN  PURCHASED BY ASI "As
Is"  and  "With  All  Faults"  AND  ASI  ACKNOWLEDGES   THAT  NO  WARRANTIES  OF
MERCHANTABILITY  OR FITNESS FOR ANY PARTICULAR PURPOSE ARE TO BE IMPLIED BY THIS
TRANSACTION.

      SECTION 2.02 DISCLAIMER OF EXPRESS WARRANTIES.




            Any  affirmation  of fact or promise  made by  Collier  shall not be
deemed to create an express warranty that Machine #2 conforms to the affirmation
or promise.

      SECTION 2.03 DISCLAIMER OF IMPLIED WARRANTIES.

      THIS SALE IS MADE ON THE  EXPRESS  UNDERSTANDING  THAT THERE IS NO IMPLIED
WARRANTY THAT MACHINE #2 SHALL BE FIT FOR A PARTICULAR PURPOSE. ASI ACKNOWLEDGES
THAT THERE ARE NO  WARRANTIES  THAT EXTEND  BEYOND THE  DESCRIPTION  ON THE FACE
HEREOF.

                           ARTICLE III: MISCELLANEOUS

      SECTION  3.01.  Entire  Agreement.  This  Agreement  contains  the  entire
      agreement  among the  parties  hereto with  respect to the subject  matter
      hereof,   and   supersedes   all  prior   agreements,   arrangements   and
      understandings with respect thereto.

      SECTION 3.02. Notices. Any notice or other communication which is required
      or  permitted  hereunder  shall be in writing  and shall be deemed to have
      been  delivered and received (x) on the day of (or, if not a business day,
      the first  business  day after) its having been  personally  delivered  or
      telecopied to the following  address or telecopy number,  (y) on the first
      business day after its having been sent by overnight  delivery  service to
      the following address, or (z) if sent by regular,  registered or certified
      mail, when actually received at the following address:

      If to:

                  Alloy Steel International, Inc.
                  P.O. Box 3087 Malaga D C 6945
                  Western Australia
                  (P) 61-8-92-48-3188
                  (F) 011 618 9 3415599

      If to:

                  Kroko Nominee Pty LTD.
                  108 Brighton Rd.
                  Scarborough, Western Australia
                  (P)
                  (F)

Any party may by notice change the address or telecopier number to which notices
or other communications to it are to be delivered, telecopied or sent.




      SECTION 3.03. Governing Law and Forum. This Agreement shall be governed by
      and construed in accordance with the laws of the State of New York.

      SECTION 3.04.  Counterparts.  This Agreement may be executed in any number
      of  counterparts,  and each  such  counterpart  shall be  deemed  to be an
      original instrument,  but all such counterparts  together shall constitute
      but one agreement.  This Agreement shall become  effective when each party
      hereto shall have received  counterparts hereof signed by all of the other
      parties hereto.

      IN WITNESS  WHEREOF,  the parties  hereto have caused this Agreement to be
      duly executed and delivered by their respective  authorized officers as of
      the day and year first above written.

ALLOY STEEL INTERNATIONAL, INC.

By: _________________________________
               Name:
               Title:

KROKO NOMINEES PTY LTD
     As Trustee
THE COLLIER UNIT TRUST

By: _________________________________
               Name:
               Title: