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
- ---------------------
             UNIVERSAL STAINLESS CHAIRMAN ADOPTS 10B5-1 TRADING PLAN

         BRIDGEVILLE,  PA, MARCH 5, 2008--UNIVERSAL  STAINLESS & ALLOY PRODUCTS,
INC. (NASDAQ:  USAP) today announced that Clarence M. McAninch,  Chairman of the
Board of Directors, has adopted a pre-arranged,  non-discretionary stock trading
plan to sell the  stock  issuable  upon the  exercise  of Mr.  McAninch's  stock
options.  The stock trading plan is designed to permit  systematic  sales by Mr.
McAninch  over  time as part of his  individual  long-term  strategy  for  asset
diversification  and estate  planning.  The stock  trading  plan was  adopted in
accordance  with  guidelines  specified  under Rule 10b5-1 of the Securities and
Exchange Act of 1934, as amended,  and the Company's  policies  regarding  stock
transactions by insiders.

         Rule 10b5-1 allows  corporate  officers and directors to adopt written,
pre-arranged  stock  trading  plans when they are not in possession of material,
non-public  information.  Using these plans,  insiders can  gradually  diversify
their  investment  portfolios,  by  spreading  stock trades out over an extended
period of time to reduce any market impact,  while  avoiding  concerns about the
initiation  of stock  transactions  when in  possession  of material  non-public
information.

         Subject to the terms of the plan,  Mr.  McAninch  may sell up to 35,000
shares of the Company's stock over a period of eighteen weeks.

         The  transactions  under this plan will  commence no earlier than March
10, 2008 and will be disclosed publicly through Form 144 and Form 4 filings with
the Securities and Exchange Commission.

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.




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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