Item 7.01. Regulation FD Disclosure.

On November 10, 2008, Universal Stainless and Alloy Products, Inc. (the "Company") issued a press release to announce its revision of its previously announced guidance for the fourth quarter of 2008. A copy of this press release is attached hereto as Exhibit 99.1.

The information in this Current Report on Form 8-K, including the information in the attached press release regarding the revision of the Company's previously announced guidance for the fourth quarter of 2008, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.