Universal Stainless & Alloy Products, Inc. manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel and certain other alloyed steels. The Company's manufacturing process involves melting, re-melting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. The Company's products are sold to re-rollers, forgers, service centers, original equipment manufacturers (OEMs) and wire re-drawers. The Company's customers further process its products for use in a range of industries, including the aerospace, power generation, petrochemical and heavy equipment manufacturing industries. It also performs conversion services on materials supplied by customers, which lack certain of the Company's production facilities or that are subject to their own capacity constraints. On August 18, 2011, the Company acquired Patriot Special Metals, Inc. and RSM Real Estate Holding, Inc.