Exhibit 99.1

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CONTACTS:  Richard M. Ubinger                            June Filingeri
           Vice President of Finance,                    President
           Chief Financial Officer and Treasurer         Comm-Partners LLC
           (412) 257-7606                                (203) 972-0186

FOR IMMEDIATE RELEASE
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                 UNIVERSAL STAINLESS & ALLOY PRODUCTS SUBSIDIARY
             DUNKIRK SPECIALTY STEEL CONTINUES TO OPERATE WITH UNION
                EMPLOYEES BEYOND THE LABOR AGREEMENT EXPIRATION

     BRIDGEVILLE,  PA, November 1, 2007 - Universal  Stainless & Alloy Products,
Inc.  (Nasdaq:USAP)  announced  today  that its  Dunkirk  Specialty  Steel,  LLC
subsidiary has agreed with the United Steelworkers (USW) that the Dunkirk hourly
employees,  whose collective  bargaining  agreement was to expire at midnight on
October 31, 2007,  will continue to operate at the Company's  Dunkirk  facility.
The  extension  provides  additional  time for the union members to consider the
terms and conditions of the proposed new labor agreement.

     During the extension, the employees,  represented by Local 2693 of the USW,
will  continue to work under the terms and  conditions  of the prior  agreement.
Either party may terminate the extension agreement with 72 hours notice.

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

About Universal Stainless & Alloy Products, Inc.
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     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.   Further
information is available at www.univstainless.com

Forward-Looking Information Safe Harbor
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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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