EXHIBIT 99.1


                                [GRAPHIC OMITTED]

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 BOARD ANNOUNCES INTENTION TO ELECT
          DENNIS OATES TO ADDITIONAL POSITION OF CHAIRMAN OF THE BOARD

     BRIDGEVILLE,  PA, FEBRUARY 22, 2010 - UNIVERSAL STAINLESS & ALLOY PRODUCTS,
INC. (NASDAQ: USAP) announced today that its Board of Directors, in anticipation
of the impending retirement from the Board of its current Chairman,  Clarence M.
("Mac") McAninch,  intends to elect Dennis M. Oates, 57, the Company's President
and Chief  Executive  Officer,  to the  additional  position  of  Chairman.  Mr.
McAninch  will  retire  from the Board at the  Shareholders'  Meeting in May and
relinquish his  Chairmanship  pursuant to the Company's  policy on mandatory age
limitations for Directors. Pursuant to the Company's policy, individuals may not
be nominated for election as a Director of the Company after reaching the age of
75.

     Mac  McAninch  commented:  "When  we  selected  Denny  to run  the  Company
day-to-day  in 2007, I knew we had a very able and  competent  individual.  I am
sure Denny will fulfill the  responsibilities  of Chairman of the Board with the
same  enthusiasm,  professionalism  and  ethics  that  he  has  demonstrated  as
President and CEO."

     Dennis M. Oates  commented,  "I am  certainly  honored to have the  Board's
confidence  in me to  fill  the  Chairman  position,  and I will  do  everything
necessary to fulfill the responsibilities and obligations the position requires.
On  behalf of my  fellow  directors  and our  employees,  I want to  extend  our
sincerest  gratitude to Mac for his vision and untiring effort to make Universal
the successful company that it has become. We will all miss Mac's involvement on
the Board."

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.  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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