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): July 23, 2003


                   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 9.

          The  information  contained in this Item 9 of this  Current  Report is
being  furnished  pursuant  to "Item 12.  Results of  Operations  and  Financial
Condition" of Form 8-K in accordance with SEC Release Nos. 33-8216; 34-47583.

          The  information in this Current  Report is being  furnished and shall
not be deemed "filed" for the purpose of Section 18 of the  Securities  Exchange
Act of 1934,  as  amended,  or  otherwise  subject  to the  liabilities  of that
Section.  The  information in this Current Report shall not be  incorporated  by
reference  into any  registration  statement or other  document  pursuant to the
Securities Act of 1933, as amended.

          On July 23, 2003, Universal Stainless and Alloy Products,  Inc. issued
a press release  announcing  its financial  results for the second quarter ended
June 30, 2003. A copy of the press release is attached as Exhibit 99.1.








                                    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:  July 23, 2003