<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the June 30,
1998 Financial Statements included in the Company's Form 10-Q and is qualified
in its entirety by reference to such Form 10-Q.
</LEGEND>
<CIK> 0000931584
<NAME> UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
<MULTIPLIER> 1,000
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JAN-30-1998
<CASH> 178
<SECURITIES> 0
<RECEIVABLES> 17,108
<ALLOWANCES> (328)
<INVENTORY> 16,607
<CURRENT-ASSETS> 34,515
<PP&E> 33,813
<DEPRECIATION> (2,437)
<TOTAL-ASSETS> 66,137
<CURRENT-LIABILITIES> 10,286
<BONDS> 11,962
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 6
<OTHER-SE> 41,356
<TOTAL-LIABILITY-AND-EQUITY> 66,137
<SALES> 43,512
<TOTAL-REVENUES> 43,512
<CGS> 35,799
<TOTAL-COSTS> 35,799
<OTHER-EXPENSES> 2,476
<LOSS-PROVISION> 30
<INTEREST-EXPENSE> 341
<INCOME-PRETAX> 5,312
<INCOME-TAX> 1,966
<INCOME-CONTINUING> 3,346
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,346
<EPS-PRIMARY> .53
<EPS-DILUTED> .52