Universal Stainless to Post New York Presentation on Web Site

BRIDGEVILLE, Pa., March 25, 2002 -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that it will post on its web site the slide presentation for its New York investment community meeting, which will take place today, Monday, March 25, 2002. The slide presentation will be available at www.univstainless.com beginning at 12:30 p.m. (Eastern) today 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