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Universal Stainless & Alloy Products, Inc. Announces Price Increase

Oct 11, 1999
Universal Stainless & Alloy Products, Inc. Announces Price Increase

Universal Stainless & Alloy Products, Inc. Announces Price Increase

BRIDGEVILLE, Pa.-- October 11, 1999 -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that it will initiate a price hike of 5% on all stainless steel billet and bar products in the 300 and 400 seriesand precipitation hardening alloys effective with orders placed October 15, 1999. According to Company President and ChiefExecutive Officer, Clarence M. "Mac" McAninch, the increase is required to offset higher raw material and energy costs.

Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainlesssteel, tool steel and certain other alloyed steels. The Company's products are sold to rerollers, forgers, service centers and original equipment manufacturers, whichprimarily include the power generation and aerospace industries.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisionsof the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause theCompany's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with the receipt and timingof future customer orders, risks associated with the manufacturing process and production yields, risks related to property, plant and equipment. Certain of theserisks and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which areavailable from the SEC or may be obtained upon request from the Company.
CONTACT:  Morgen-Walke Associates
          Gordon McCoun, Eric Boyriven
          Media contact:
          Brian Maddox
          (212) 850-5600