BRIDGEVILLE, Pa., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today announced a base price increase of 5% to 10% on premium products. The increase goes into effect immediately. Current material and energy surcharges will remain in effect. Brian Kane, Vice President Sales & Marketing, commented: "Supply chain cost pressures persist. The price adjustment is necessary to mitigate the realized cost burden while continuing to invest in equipment and technologies to remain globally competitive." About Universal Stainless & Alloy Products, Inc. Universal Stainless & Alloy Products, Inc., established in 1994 and headquartered in Bridgeville, PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel and certain other alloyed steels.