Universal Stainless Reports Bridgeville Contract Continuance

BRIDGEVILLE, Pa., Sept. 2, 2008 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy
Products, Inc. (Nasdaq:USAP) reported today that it has agreed with Local 9531
of the United Steelworkers to a two-week continuance of the collective
bargaining agreement covering the hourly employees at the Company's Bridgeville
facility. The continuance provides additional time to negotiate a mutually
acceptable labor agreement.

During the continuance, the employees will work under the terms and conditions
of the prior agreement, which otherwise would have expired at midnight August
31, 2008. The continuance agreement will expire on September 12, 2008.

The Bridgeville facility, which mainly produces semi-finished specialty steel
products, includes the Company's melt shop, universal rolling mill, electro-slag
remelt furnaces and two of the Company's seven vacuum-arc remelt furnaces.

The Company's facilities in Dunkirk, NY and Titusville, PA are covered by
separate collective bargaining agreements and are not affected by the current
negotiations.

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.

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, labor 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.

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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