Universal Stainless

Latest News

Universal Stainless Celebrates US$10 Million Upgrade

09 April 2019 - Universal Stainless and Alloy Products Inc. has officially unveiled US$10 million worth of improvements to its Dunkirk, N.Y., facility.

USW Members Approve Labor Contract at Universal Stainless Mill

05 October 2018 - Hourly employees at Universal Stainless & Alloy Products Inc.’s Bridgeville, Pa., USA, mill have ratified a new labor agreement, the steelmaker has announced.

For the Moment, Steelworkers to Remain on the Job at U. S. Steel, ArcelorMittal

04 September 2018 - The United Steelworkers has agreed to contract extensions with ArcelorMittal USA and United States Steel Corporation as union employees continue to negotiate new labor deals with the integrated steelmakers.

Steelworkers Approve New Labor Deal At Ohio Mill

06 August 2018 - A United Steelworkers local has ratified a six-year labor agreement with Pennsylvania-based Universal Stainless & Alloy Products Inc., the company said Monday.

Fire Damages New York Bar Finishing Plant

15 September 2017 - U.S.-based Universal Stainless & Alloy Products Inc. is investigating the cause of a fire that damaged the pickling operation at its Dunkirk, N.Y., bar and rod finishing plant.

Universal Stainless Says No to Merger Offer

29 June 2017 - Universal Stainless & Alloy Products Inc. has rejected an unsolicited merger offer from Synalloy Corp., saying that the proposed deal held no merit, the company said on Thursday.

Universal Stainless' Net Sales Expected to Drop 19 Percent

16 October 2015 - Specialty steelmaker Universal Stainless & Alloy Products Inc. said that it expects to record a third-quarter loss of US$2.40 to US$2.45 per share, partly on account of costs associated with throttling back production.

Universal Stainless Hires New CFO

05 August 2015 - Pittsburgh-based Universal Stainless & Alloy Products Inc. has named a former H.J. Heinz Co. executive as its new CFO and vice president of finance, the steelmaker has announced.

Universal Stainless Records Q2 2015 Loss

30 July 2015 - Universal Stainless & Alloy Products Inc. lost $356,000 during the second quarter on account of falling demand from the power generation and oil and gas sectors and declining commodity prices, especially for nickel.

Larry J. Pollock Joins Universal Stainless in New Position of Executive Vice President, Chief Manufacturing Officer

13 May 2015 - Universal Stainless & Alloy Products, Inc. announced today that Larry J. Pollock has been named Executive Vice President, Chief Manufacturing Officer of the Company.

Universal Stainless Reports First Quarter 2015 Results in Line With Preliminary Forecast

01 May 2015 - • Net Sales are $56.0 Million - Highest in 10 Quarters • Premium Alloy Sales Reach Record 9% of Total Sales • Gross Margin and Operating Income Reduced by Effect of Commodity Price Drop on Surcharges • Net Income Totals $0.1 Million, or $0.02 per Diluted Share • Quarter-End Backlog Is $58.5 Million

Universal Stainless Finance Chief Announces Resignation

30 March 2015 - Universal Stainless & Alloy Products, Inc. announced that Michael D. Bornak, vice president of finance, chief financial officer and treasurer of Universal Stainless & Alloy Products Inc., notified the company of his intention to resign from his position.

Universal Stainless Posts Solid Fourth Quarter 2014 Results

28 January 2015 - Universal Stainless & Alloy Products, Inc. reported that net sales for the fourth quarter of 2014 were US$53.0 million, which is 31% higher than the fourth quarter of 2013, and is in line with third quarter 2014 net sales of US$53.6 million.

Universal Stainless CEO Receives One of Three Top Honors in Smart 50 Awards Event

11 December 2014 - Universal Stainless & Alloy Products Inc. announced that Dennis M. Oates, chairman, president and chief executive officer, received one of three top honors presented by Smart Business magazine at a Pittsburgh Smart 50 Awards ceremony in November 2014.

Universal Stainless Has Positive Outlook for Its End Markets

31 October 2014 - Universal Stainless & Alloy Products Inc. provided a short term outlook as it posted solid third quarter results.

Universal Stainless to Ring Nasdaq Closing Bell to Mark 20th Anniversary

08 October 2014 - Universal Stainless & Alloy Products Inc. announced that in celebration of the company's 20th anniversary, Dennis Oates, chairman, president and CEO, will ring The Nasdaq Stock Market Closing Bell. The company is also marking its 20th year as a Nasdaq-listed company.