Universal Stainless Announces Schedule of Upcoming Conference Presentations

BRIDGEVILLE, Pa., Sept. 5, 2008 -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced the schedule of conference presentations to be made by management in September. The slide presentation for all of these conferences will be posted on the Company's website beginning on September 10th at 5:30 p.m. (Eastern).

 Thursday, September 11th
 KeyBanc Capital Markets
 2008 Basic Materials and Packaging Conference, Boston

 Tuesday, September 16th
 Davenport & Company LLC
 Third Annual Metals & Mining Conference, New York

 Wednesday, September 17th
 CL King & Associates
 Sixth Annual Best Ideas Conference, New York

The Company noted that the audio portion of its presentation at the Davenport & Company conference scheduled on September 16 from 9:50 a.m. to 10:25 a.m. (Eastern) will be webcast live and archived for ninety days. It can be accessed on the Company's website at www.univstainless.com as well as at the conference website at http://www.wsw.com/webcast/dp6/usap/.

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 rerollers, forgers, service centers, original equipment manufacturers and wire redrawers. More information is available at www.univstainless.com.

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

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