Universal Stainless to Post Boston Presentation on Web Site

BRIDGEVILLE, Pa., May 13, 2002 -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that it will post on its Web site the slide presentation for its Boston investment community meetings, which will take place Tuesday, May 14, 2002. The slide presentation will be available at www.univstainless.com beginning at 10 a.m. (Eastern) on May 14 and will be archived on the site thereafter.

About Universal Stainless & Alloy Products, Inc.

Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The Company's products are sold to original equipment manufacturers, service centers, forgers, rerollers and wire redrawers.

CONTACT:  Universal Stainless & Alloy Products, Inc., Bridgeville 
          Richard M. Ubinger, Vice President of Finance,
            Chief Financial Officer and Treasurer
          (412) 257-7606

          Comm-Partners LLC
          June Filingeri
          (203) 972-0186