Universal Stainless and Alloy Products, Inc. is a specialty
steel
Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...
products producer. Headquartered in
Bridgeville, Pennsylvania
Bridgeville is a borough in Allegheny County, Pennsylvania, United States. The population was 4,804 at the 2020 census. It is a residential suburb of the Pittsburgh metropolitan area.
History
The village that eventually became Bridgeville acqui ...
, owned by
Aperam.
History
In 1992, a group of former managers of
Cyclops Steel formed a new company, Universal Stainless & Alloy, and bought out the former Cyclops Steel mills in Bridgeville and Titusville in 1994.
In 2002 Universal Stainless took control of a major
steel mill
A steel mill or steelworks is an industrial plant for the manufacture of steel. It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also be a plant where steel semi-fini ...
in
Dunkirk, New York
Dunkirk is a Administrative divisions of New York#City, city in Chautauqua County, New York, United States. It was settled around 1805 and incorporated in 1880. The population was 12,743 as of the 2020 United States Census, 2020 census. Dunkirk ...
, following its closure the previous year.
In 2019 Universal Stainless invested $10 million in their subsidiary Dunkirk Specialty Steel LLC's Dunkirk, New York plant. The investment received support from city, county, and state development authorities.
In 2021 an accident at Universal Stainless's
Collier Township facility resulted in a significant explosion and one injury.
In 2022 Universal Stainless expanded its
North Jackson, Ohio
North Jackson is an unincorporated community in central Jackson Township, Mahoning County, Ohio, United States. It lies along State Route 45 between Salem and Warren. It is part of the Youngstown–Warren metropolitan area. North Jackson is ...
facility adding an additional steel melting furnace. 2022 was a difficult year for the company with it taking an overall loss of $8 million. Sales and margins improved significantly in 2023 over 2022 driven by growth in the aerospace sector.
In October 2024 Universal Stainless agreed to be acquired by European steel company
Aperam for $45 a share. Later in October 2024 it was revealed that the Air Force had identified defective parts made by Universal Stainless as the cause of a number of accidents and incidents involving the
V-22 Osprey
The Bell Boeing V-22 Osprey is an American multi-use, tiltrotor military transport aircraft, military transport and cargo aircraft with both vertical takeoff and landing (VTOL) and short takeoff and landing (STOL) capabilities. It is designed ...
. The story was first reported by Hunterbrook and was corroborated by
Military.com
Military.com is a website that provides news and information about the United States military, service members, veterans, and their families as well as foreign policy and broader national security issues.
Founded in 1999, the site has been a divi ...
and Air Current. In November 2024 the family of one of the airmen who died in the Opsrey crashes sued the aircraft's makers
Bell Textron
Bell Textron Inc. is an American aerospace manufacturer headquartered in Fort Worth, Texas. A subsidiary of Textron, Bell manufactures military rotorcraft at facilities in Fort Worth, and Amarillo, Texas, United States as well as commercial heli ...
and
Boeing
The Boeing Company, or simply Boeing (), is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support s ...
along with Universal Stainless.
Aperam completed the acquisition of Universal Stainless in January 2025. In March 2025 a worker died in an accident at the Dunkirk mill.
Leadership
As of 2023 Universal Stainless's chief executive officer (CEO) was Dennis M. Oates.
See also
*
Alleghany Corporation
Alleghany Corporation is an American investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated ...
References
{{Reflist
Companies based in Allegheny County, Pennsylvania
Steel companies of the United States
American companies established in 1992
1992 establishments in Pennsylvania