UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 7)*


                   UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
                                (Name of Issuer)


                                  COMMON STOCK
                         (Title of Class of Securities)


                                    913837100
                                 (CUSIP Number)


Alan S. Parsow                  with a copy to           David L. Hefflinger
General Partner                                       McGrath, North, Mullin
P. O. Box 818                                                   & Kratz, P.C.
Elkhorn, NE 68022                                1400 One Central Park Plaza
(402) 289-3217                                               Omaha, NE 68102
                                                              (402) 341-3070

                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)


                                 April 22, 2002
             (Date of Event which Required Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box
[ ].

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.






CUSIP NO. 913837100                     13D              Page 2 of 3 Pages

         1.       Name of Reporting Person
                  SS or IRS Identification Number of Above Person

                  Elkhorn Partners Limited Partnership / 47-0721875

         2.       Check the Appropriate Box if a Member of a Group

                  /X/      (a)                                / /      (b)

         3.       SEC Use Only

         4.       Source of Funds

                  WC

         5.       Check Box if Disclosure of Legal Proceedings is Required
                  Pursuant to Items 2(d) or 2(e)

                  / /

         6.       Citizenship or Place of Organization

                  Nebraska

                                              7. Sole Voting Power

                                                 249,723 Shares
                  Number of
                  Shares                      8. Shared Voting Power
                  Beneficially
                  Owned by                       0
                  Reporting
                  Person                      9. Sole Dispositive Power
                  With
                                                 249,723 Shares

                                             10. Shared Dispositive Power

                                                 0

         11.      Aggregate Amount Beneficially Owned by Each Reporting Person

                  249,723 Shares

         12.      Check Box if Aggregate Amount in Row 11 Excludes Certain
                  Shares

                  / /

         13.      Percent of Class Represented by Amount in Row 11

                  Approximately 4.1% of voting securities

         14.      Type of Reporting Person

                  PN


CUSIP NO. 913837100                      13D              Page 3 of 3 Pages


         Elkhorn Partners Limited Partnership (the "Partnership") makes this
filing to amend certain information previously reported by the Partnership. This
filing constitutes Amendment No. 7 to the Schedule 13D of the Partnership. The
Partnership amends such prior schedule 13D reports with respect to the common
stock of UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC. ("UNIVERSAL") by adding the
following information to the item indicated:

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

         (a)(b) As of April 22, 2002, the Partnership owns 249,723 shares of
UNIVERSAL common stock. The UNIVERSAL Form 10-K for the year ended December 31,
2001 reported that there were outstanding 6,077,272 shares of UNIVERSAL common
stock as of March 20, 2002. Based on this number, the Partnership owns
approximately 4.1% of the UNIVERSAL common stock.

         (c) In addition to those sales noted in Item 5(c) of Amendment No. 6
to the Schedule 13D filed on April 15, 2002, the Partnership sold 219,700 shares
of UNIVERSAL common stock, in open market transactions, between April 16, 2002
and April 22, 2002 at prices ranging from $11.86 to $14.03 per share.

                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.

         DATED:  April 23, 2002

Elkhorn Partners
Limited Partnership


By      /s/ Alan S. Parsow
   -----------------------------------------
         Alan S. Parsow
         General Partner