July 17, 2006 — Universal Stainless & Alloy Products, Inc. announced a 4% base price increase on all tool steel plate products.

President and CEO Mac McAninch commented: "Our raw material and natural gas surcharge mechanisms remain effective. This price increase is necessary to help offset the rising costs of electricity and our manufacturing supply costs, while enabling us to continue our reinvestment in equipment and facilities to better serve the needs of our customers."

The company says the price increase will become effective with shipments scheduled on or after July 24, 2006.

Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products, Inc. manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are sold to rerollers, forgers, service centers, original equipment manufacturers and wire redrawers.