<ARTICLE> 5 <LEGEND> UNIVERSAL STAINLESS ALLOY PRODUCTS, INC. FINANCIAL DATA SCHEDULE </LEGEND> <CIK> 0000931584 <NAME> UNIVERSAL STAINLESS ALLOY PRODUCTS, INC. <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <EXCHANGE-RATE> 1.000 <CASH> 571 <SECURITIES> 0 <RECEIVABLES> 15,305 <ALLOWANCES> (268) <INVENTORY> 15,598 <CURRENT-ASSETS> 31,844 <PP&E> 21,430 <DEPRECIATION> (1,205) <TOTAL-ASSETS> 52,296 <CURRENT-LIABILITIES> 13,673 <BONDS> 3,374 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6 <OTHER-SE> 34,075 <TOTAL-LIABILITY-AND-EQUITY> 52,296 <SALES> 39,580 <TOTAL-REVENUES> 39,580 <CGS> 31,473 <TOTAL-COSTS> 31,473 <OTHER-EXPENSES> 2,412 <LOSS-PROVISION> 30 <INTEREST-EXPENSE> (16) <INCOME-PRETAX> 5,649 <INCOME-TAX> 2,091 <INCOME-CONTINUING> 3,558 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,558 <EPS-PRIMARY> 0.57 <EPS-DILUTED> 0.57