Australian special steel plate maker Bisalloy Steel has reported Operating EBITDA of AUD 24.8 million for FY22 as compared to AUD 16.7 million in FY21.Revenue – AUD 117.8 million, up 12.4% YoYNet Profit After Tax – AUD 15.4 million, up 72.0% YoYBisalloy said “The last twelve months have been characterized by global and domestic steel prices at or near record levels with continued strong Australian demand for quench and tempered steel plate. Combined with proactive pricing and procurement decisions, this has resulted in much higher product margins for Bisalloy across FY22 relative to FY21. As expected, product margins declined in H2 relative to H1 as higher greenfeed costs flowed through.”Bisalloy added “Despite impacts from Covid-19 lock-downs and tightening market conditions, we continue to see solid performance from the CJV, in particular a 23.1% increase in Bisplate sales tonnes compared to FY2021. Unfortunately, these gains in sales have been offset by higher administration and operating costs along with lower gross margins, resulting in a relatively flat contribution to earnings. The Group’s overseas distribution operations in Indonesia and Thailand continue to be profitable.”Bisalloy also said “Armour business continues to be of importance both domestically and internationally. We continue to develop and support an alternate supply of specialised greenfeed from targeted partner mills overseas.”FY23 Outlook “Throughout the recent macroeconomic and geopolitical volatility, Bisalloy has continued to demonstrate strength and resilience in its business performance. With this volatility ongoing, we are anticipating normalisation of product margins as a result of expected reductions in international steel prices, along with the impact of higher energy and transportation costs. We also cannot discount the impact of future disruptions caused by COVID-19 and ongoing supply chain disruptions, particularly sea freight. Therefore, Bisalloy is projecting a reduction in profits in FY23 compared to FY22.”Bisalloy is Australia's only manufacturer of high-strength structural, wear-resistant and armour steel plates using quenched and tempered steel. Bisalloy products are used in the mining, construction, general fabrication and defence sectors. Bisalloy has an extensive distribution network across Australasia, Indonesia, Thailand, the People's Republic of China and the United Arab Emirates.