SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One):  [ ] Form 10-K    [ ] Form 11-K    [ ] Form 20F    [X] Form 10-Q
              [ ] Form N-SAR


         For Period Ended:  JUNE 30, 2002
                            -------------


[ ] Transition Report on Form 10-K         [ ] Transition Report on Form 10-Q

[ ] Transition Report on Form 20-F         [ ] Transition Report on Form N-SAR

[ ] Transition Report on Form 11-K


     For the Transition Period Ended:
                                      ------------------------------------------

     Read attached instruction sheet before preparing form. Please print or
type.

     Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

     If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
                                                        ------------------------

- --------------------------------------------------------------------------------


                                     PART I
                             Registrant Information

Full name of registrant: Alloy Steel International, Inc.
                         -------------------------------

Former name if applicable: N/A
                           ---

Address of principal executive office (Street and number):  42 Mercantile Way
                                                            --------------------
Malaga, P.O. Box 3087 Malaga D C 6945
- -------------------------------------

City, state and zip code:  Western Australia
                           -----------------


                                     Part II
                             Rule 12b-25 (b) and (c)

     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)

[X]  (a) The reasons described in reasonable detail in Part III of this form
     could not be eliminated without unreasonable effort or expense;

[X]  (b) The subject annual report, semi-annual report, transition report on
     Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
     before the 15th calendar day following the prescribed due date; or the
     subject quarterly report or transition report on Form 10-Q, or portion
     thereof will be filed on or before the fifth calendar day following the
     prescribed due date; and

[ ]  (c) The accountant's statement or other exhibit required by Rule
     12b-25(c) has been attached if applicable.



                                                                     FORM 12b-25


                                    PART III
                                    Narrative

     State below in reasonable detail the reasons why Form 10-K, 11-K, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)

     The company has experienced a delay in receiving information from its
Australian operating subsidiary.


                                     PART IV
                                Other Information

     1.   Name and telephone number of person to contact in regard to this
          notification:

          Alan Winduss                                       011 618 9341 6844
          --------------------------------------------------------------------
          (Name)                  (Area code)                (Telephone number)

     2.   Have all other periodic reports required under Section 13 or 15(d) of
          the Securities Exchange Act of 1934 or Section 30 of the Investment
          Registrant Act of 1940 during the preceding 12 months or for such
          shorter period that the registrant was required to file such report(s)
          been filed? If the answer is no, identify report(s).

                                                  [X] Yes    [ ] No

     3.   Is it anticipated that any significant change in results of operations
          from the corresponding period for the last fiscal year will be
          reflected by the earnings statements to be included in the subject
          report or portion thereof?

                                                  [ ] Yes    [X] No

     If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.


                                      -2-



                                                                     FORM 12b-25


                         ALLOY STEEL INTERNATIONAL, INC.
                         ------------------------------
                  (Name of registrant as specified in charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date:  August 6, 2002              By:
                                      ------------------------------------------
                                      Alan Winduss
                                      Chief Financial Officer
                                      (Principal Accounting Officer)
                                      and Director


                                      -3-



                                                                     FORM 12b-25


     Instruction. The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title of
the person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.


                                    ATTENTION

     Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).


                              GENERAL INSTRUCTIONS

     1. This form is required by Rule 12b-25 of the General Rules and
Regulations under the Securities Exchange Act of 1934.

     2. One signed original and four confirmed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, DC 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed with
the form will be made a matter of the public record in the Commission files.

     3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of the
registrant is registered.

     4. Amendments to the notifications must also be filed on Form 12b-25 but
need not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.

     5. Electronic Filers. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties. Filers
unable to submit a report within the time period prescribed due to difficulties
in electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T.


                                      -4-