SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                ----------------

                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): November 20, 2002


                   Universal Stainless & Alloy Products, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                   000-25032                   25-1724540
------------------------------    --------------            -------------------
 (State or other jurisdiction       (Commission               (IRS Employer
      of incorporation)             File Number)            Identification No.)


        600 Mayer Street, Bridgeville, Pennsylvania              15017
      -------------------------------------------------       -----------
          (Address of principal executive offices)             (Zip code)


       Registrant's telephone number, including area code: (412) 257-7600






Item 5.   Other Events.

          On November 20, 2002, Universal Stainless & Alloy Products,  Inc. (the
"Company")  announced that the members of Local 3403 of the United  Steelworkers
of America  representing the employees at the Company's facility in Bridgeville,
PA have  rejected an offer from  management  that included  increased  wages and
other  benefits.  The press  release,  dated  November 20,  2002,  issued by the
Company  with  respect to this matter is attached  hereto as Exhibit 99.1 and is
hereby incorporated herein by reference in its entirety.

          The foregoing description is qualified in its entirety by reference to
the complete text of the press release as set forth in Exhibit 99.1.

Item 7.   Financial Statements and Exhibits.

         (a)  Not applicable

         (b)  Not applicable

         (c)  Exhibits

              Exhibit 99.1          Press Release dated November 20, 2002.




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                                    SIGNATURE

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                    UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.


                                    By:  /S/ RICHARD M. UBINGER
                                         -------------------------------------
                                         Vice President of Finance,
                                         Chief Financial Officer and Treasurer

Dated:  November 20, 2002


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                                  EXHIBIT INDEX
                                    ---------


          Exhibit 99.1  Press Release dated November 20, 2002.


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