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): December 9, 2002


                   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 5.       Other Events.

              On December 9, 2002, Universal Stainless & Alloy Products, Inc.
(the "Company") announced that it had reached a six-year collective bargaining
agreement with the employees at the Company's largest facility, located in
Bridgeville, Pennsylvania, who are represented by Local 3403 of the United
Steelworkers of America. The press release, dated December 9, 2002, issued by
the Company with respect to this matter is attached hereto as Exhibit 99.1 and
is hereby incorporated herein by reference in its entirety.

              The foregoing description is qualified in its entirety by
reference to the complete text of the press release as set forth in Exhibit
99.1.

Item 7.       Financial Statements and Exhibits.

          (a) Not applicable

          (b) Not applicable

          (c) Exhibits

              Exhibit 99.1      Press Release dated December 9, 2002.












                               Page 2 of 4 pages.




                                    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:  December 9, 2002


















                               Page 3 of 4 pages.




                                  EXHIBIT INDEX
                                  -------------


       Exhibit 99.1    Press Release dated December 9, 2002.




















                               Page 4 of 4 pages.