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Universal Stainless Enters Agreement With Haynes International to Provide VIM Capacity and Forge Conversion Services



Universal Stainless Enters Agreement With Haynes International to Provide VIM
Capacity and Forge Conversion Services

BRIDGEVILLE, Pa., Oct. 29, 2013 (GLOBE NEWSWIRE) -- Universal Stainless &
Alloy Products, Inc. (Nasdaq:USAP) announced today that it has entered into a
long-term agreement with Haynes International, Inc. (Nasdaq:HAYN) whereby
Universal Stainless will provide Haynes with vacuum induction melting (VIM)
capacity as well as with forging services on a conversion basis. In turn,
Haynes will provide Universal Stainless with technology expertise for
producing advanced nickel-based alloys.

Dennis Oates, Chairman, President and CEO of Universal Stainless, commented:
"This agreement with Haynes advances our plan to leverage the capabilities of
our North Jackson facility, namely its VIM melting capacity and radial forge,
while enabling us to benefit from Haynes well-established expertise in
producing technologically advanced alloys, in line with our plan for North
Jackson and for Universal overall. For Haynes, access to additional VIM
capacity and our state-of-the-art hot working equipment will enable them to
further execute their strategy to efficiently deliver the highest quality
products to their customers."

About Haynes International

Haynes International, Inc. is a leading developer, manufacturer and marketer
of technologically advanced, nickel and cobalt-based high-performance alloys,
primarily for use in the aerospace, chemical processing and land-based gas
turbine industries.

About Universal Stainless & Alloy Products, Inc.

Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, PA,
manufactures and markets semi-finished and finished specialty steels,
including stainless steel, tool steel and certain other alloyed steels. The
Company's products are used in a variety of industries, including aerospace,
power generation, oil and gas, and heavy equipment manufacturing. Established
in 1994, the Company, with its experience, technical expertise, and dedicated
workforce, stands committed to providing the best quality, delivery, and
service possible. More information is available at www.univstainless.com.

Forward-Looking Information Safe Harbor

Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the "safe
harbor" provision of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause the Company's actual results in future periods to
differ materially from forecasted results. Those risks include, among
others, the concentrated nature of the Company's customer base to date and the
Company's dependence on its significant customers; the receipt, pricing and
timing of future customer orders; changes in product mix; the limited number
of raw material and energy suppliers and significant fluctuations that may
occur in raw material and energy prices; risks related to property, plant and
equipment, including the Company's reliance on the continuing operation of
critical manufacturing equipment; risks associated with labor matters; the
Company's ongoing requirement for continued compliance with laws and
regulations, including applicable safety and environmental regulations; the
ultimate outcome of the Company's current and future litigation and matters;
risks related to acquisitions that the Company may make; and the impact of
various economic, credit and market risk uncertainties. Many of these factors
are not within the Company's control and involve known and unknown risks and
uncertainties that may cause the Company's actual results in future periods to
be materially different from any future performance suggested herein. Any
unfavorable change in the foregoing or other factors could have a material
adverse effect on the Company's business, financial condition and results of
operations. Further, the Company operates in an industry sector where
securities values may be volatile and may be influenced by economic and other
factors beyond the Company's control. Certain of these risks and other risks
are described in the Company's filings with the Securities and Exchange
Commission (SEC) over the last 12 months, copies of which are available from
the SEC or may be obtained upon request from the Company. 

CONTACT: Dennis Oates
         Chairman,
         President and CEO
         (412) 257-7609
        
         Michael Bornak
         VP Finance,
         Treasurer and CFO
         (412) 257-7606
        
         June Filingeri
         President
         Comm-Partners LLC
         (203) 972-0186

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