Universal Stainless Corrects First Quarter 2005 End Market Data

BRIDGEVILLE, Pa., April 21, 2005 -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) noted that in its First Quarter 2005 earnings release issued earlier today the information in paragraph three on its power generation and petrochemical end market sales was transposed. It should have read: "Sales to our aerospace, power generation, petrochemical and tool steel markets rose 20%, 5%, 56% and 2%, respectively, over the strong fourth quarter."

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.

Forward-Looking Information Safe Harbor

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with the receipt, pricing and timing of future customer orders, risks associated with significant fluctuations that may occur in raw material and energy prices, risks associated with the manufacturing process and production yields, risks related to property, plant and equipment and risks related to the ultimate outcome of the Company's current and future litigation and regulatory matters. Certain of these risks 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 are available from the SEC or may be obtained upon request from the Company.

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
(203) 972-0186