In the transcript for the Q4 2008 Earnings Call on Jan. 29, 2009 by Universal Stainless & Alloy, Dennis M. Oates, company president and CEO, states, “Well, we've characterized the outlook in 2009 as good. … In our conversations with our customers, basically forgers; they are generally optimistic about 2009. Couple of them indicate some softness in the first half of the year but they are universally upbeat about the second half of the year.”

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