<ARTICLE>                     5
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
September 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>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   SEP-30-1998
<CASH>                                         175
<SECURITIES>                                   0
<RECEIVABLES>                                  12,309
<ALLOWANCES>                                   (343)
<INVENTORY>                                    16,806
<CURRENT-ASSETS>                               30,816
<PP&E>                                         37,667
<DEPRECIATION>                                 (2,800)
<TOTAL-ASSETS>                                 65,945
<CURRENT-LIABILITIES>                          7,629
<BONDS>                                        12,870
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       6
<OTHER-SE>                                     42,338
<TOTAL-LIABILITY-AND-EQUITY>                   65,945
<SALES>                                        61,661
<TOTAL-REVENUES>                               61,661
<CGS>                                          48,940
<TOTAL-COSTS>                                  48,940
<OTHER-EXPENSES>                               3,625
<LOSS-PROVISION>                               45
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                6,870
<INCOME-TAX>                                   2,542
<INCOME-CONTINUING>                            4,328
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   4,328
<EPS-PRIMARY>                                  .69
<EPS-DILUTED>                                  .68