----

| [X] | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d)OF      THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|--------------------------------------------------------------------------------------------------|

| [  ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d)OF      THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------|---------------------------------------------------------------------------------------------------|

| Delaware(State      or other jurisdiction ofincorporation      or organization)                          |   | 57-0426694(IRS      EmployerIdentification      Number) |
|----------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|
|                                                                                                     |   |                                                    |
| 2155      West Croft CircleSpartanburg,      South Carolina(Address      of principal executive offices) |   |  29302(Zip      code)                              |

| (864)      585-3605 |
|---------------------|

| (Registrant's      telephone number, including areacode) |
|----------------------------------------------------------|

| Larger      accelerated filer (  )                                                 | Accelerated      filer (  )    |
|----------------------------------------------------------------------------------------------|-----------------------------------------------|
| Non-accelerated      filer (  ) (Do      not check if a smaller reporting company) | Smaller      reporting company  (X) |

----

|  Item      1. | Financial      Statements (unaudited)                                                                                    |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|
|               | Condensed      consolidated balance sheets - July 3, 2010 and January 2,    2010                                         |
|               | Condensed      consolidated statements of operations - Three and six months ended July 3,      2010 andJuly      4, 2009 |
|               | Condensed      consolidated statements of cash flows - Six months ended July 3, 2010      andJuly      4, 2009           |
|               | Notes      to condensed consolidated financial statements - July 3,    2010                                              |
| Item      2.       | Management's      Discussion and Analysis of Financial Condition and Results of      Operations                          |
| Item      3.       | Quantitative      and Qualitative Disclosures About Market Risk                                                          |
| Item      4.       | Controls      and Procedures                                                                                             |
|               |                                                                                                                     |

| Item      2. | Unregistered      Sales of Equity Securities and Use of Proceeds |
|--------------|------------------------------------------------------------------|
| Item      6. | Exhibits                                                         |
|         | Signatures      and Certifications                               |

----

| PART      I                                                                                                                                              |   |             |        |   |             |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|-------------|--------|------------------|--------|
| Item      1. FINANCIAL STATEMENTS                                                                                                                        |   |             |        |   |             |   |
| Synalloy      Corporation                                                                                                                                |   |             |        |   |             |   |
| Condensed      Consolidated Balance Sheets                                                                                                               |   | Jul      3, 2010 |        |   | Jan      2, 2010 |   |
|                                                                                                                                                     |   | (Unaudited)      |        |   | (Note)           |   |
| Assets                                                                                                                                                   |   |             |        |   |             |   |
| Current      assets                                                                                                                                      |   |             |        |   |             |   |
| Cash      and cash equivalents                                                                                                                           |   | $                | 98,955      |   |             | $      | 14,096,557 |   |
| Accounts      receivable, less allowance                                                                                                                 |   |             |        |   |             |   |   |   |
| for      doubtful accounts                                                                                                                               |   |             | 19,891,679  |   |             |   | 14,041,130 |   |
| Inventories                                                                                                                                              |   |             |        |   |             |   |   |   |
| Raw      materials                                                                                                                                       |   |             | 13,739,782  |   |             |   | 8,639,078 |   |
| Work-in-process                                                                                                                                          |   |             | 12,616,009  |   |             |   | 8,418,840 |   |
| Finished      goods                                                                                                                                      |   |             | 9,334,183   |   |             |   | 8,446,406 |   |
| Total      inventories                                                                                                                                   |   |             | 35,689,974  |   |             |   | 25,504,324 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Income      taxes receivable                                                                                                                             |   |             | 623,128     |   |             |   | 919,743 |   |
| Deferred      income taxes                                                                                                                               |   |             | 1,832,545   |   |             |   | 1,702,000 |   |
| Prepaid      expenses and other current assets                                                                                                           |   |             | 268,251     |   |             |   | 636,680 |   |
| Total      current assets                                                                                                                                |   |             | 58,404,532  |   |             |   | 56,900,434 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Cash      value of life insurance                                                                                                                        |   |             | 3,011,800   |   |             |   | 2,959,637 |   |
| Property,      plant & equipment, net of accumulated                                                                                                 |   |             |        |   |             |   |   |   |
| depreciation      of $37,386,897 and $36,732,950                                                                                                         |   |             | 18,342,406  |   |             |   | 15,796,882 |   |
| Goodwill                                                                                                                                                 |   |             | 2,354,730   |   |             |   | 2,354,730 |   |
| Deferred      charges, net                                                                                                                               |   |             | 244,272     |   |             |   | 240,000 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Total      assets                                                                                                                                        |   | $                | 82,357,740  |   |             | $      | 78,251,683 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Liabilities      and Shareholders' Equity                                                                                                                |   |             |        |   |             |   |   |   |
| Current      liabilities                                                                                                                                 |   |             |        |   |             |   |   |   |
| Accounts      payable                                                                                                                                    |   | $                | 10,517,668  |   |             | $      | 6,581,631 |   |
| Accrued      expenses                                                                                                                                    |   |             | 4,123,907   |   |             |   | 5,820,748 |   |
| Current      portion of environmental reserves                                                                                                           |   |             | 237,185     |   |             |   | 375,000 |   |
| Total      current liabilities                                                                                                                           |   |             | 14,878,760  |   |             |   | 12,777,379 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Long-term      debt                                                                                                                                      |   |             | 2,312,810   |   |             |   | - |   |
| Environmental      reserves                                                                                                                              |   |             | 750,000     |   |             |   | 750,000 |   |
| Deferred      compensation                                                                                                                               |   |             | 312,076     |   |             |   | 380,562 |   |
| Deferred      income taxes                                                                                                                               |   |             | 1,623,000   |   |             |   | 1,623,000 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Shareholders'      equity                                                                                                                                |   |             |        |   |             |   |   |   |
| Common      stock, par value $1 per share - authorized                                                                                                   |   |             |        |   |             |   |   |   |
| 12,000,000      shares; issued 8,000,000 shares                                                                                                          |   |             | 8,000,000   |   |             |   | 8,000,000 |   |
| Capital      in excess of par value                                                                                                                      |   |             | 872,906     |   |             |   | 856,021 |   |
| Retained      earnings                                                                                                                                   |   |             | 68,692,687  |   |             |   | 69,113,403 |   |
| Less      cost of Common Stock in treasury:                                                                                                              |   |             |        |   |             |   |   |   |
| 1,714,626      and 1,733,424 shares                                                                                                                      |   |             | (15,084,499 | )      |             |   | (15,248,682 | ) |
| Total      shareholders' equity                                                                                                                          |   |             | 62,481,094  |   |             |   | 62,720,742 |   |
|                                                                                                                                                     |   |             |        |   |             |   |   |   |
| Total      liabilities and shareholders' equity                                                                                                          |   | $                | 82,357,740  |   |             | $      | 78,251,683 |   |
| Note:      The balance sheet at January 2, 2010 has been derived from the audited      consolidated financial statements at that date.                   |   |
|             See      accompanying notes to condensed consolidated financial      statements. |   |             |        |   |             |   |   |   |

----

| Synalloy      Corporation                                                        |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |
|----------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------|---------------------------------------------------------|
| Condensed      Consolidated Statements of Operations                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |
| (Unaudited)                                                                      |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |
|                                                                             |                                                                                                                                  | Three      Months Ended                                                                                                               |                                                                                                       | Six      Months Ended                                                    |
|                                                                             |                                                                                                                                  |                                                                                                                                  | Jul      3, 2010                                                                                           |                                                                     | Jul      4, 2009                                                                                                                |                                                                                              | Jul      3, 2010                                                                               |                                                    | Jul      4, 2009 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Net      sales                                                                   |                                                                                                                                  |  $  36,348,685                                                                                                         |                                                                                                       |  $21,691,595                                                        |                                                                                                                            | $71,549,289                                                                                       |                                                                                           | $52,084,899                                             |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Cost      of goods sold                                                          |                                                                                                                                  | 32,138,412                                                                                                                            |                                                                                                       | 19,707,367                                                               |                                                                                                                            | 64,589,355                                                                                        |                                                                                           | 47,184,542                                              |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Gross      profit                                                                |                                                                                                                                  | 4,210,273                                                                                                                             |                                                                                                       | 1,984,228                                                                |                                                                                                                            | 6,959,934                                                                                         |                                                                                           | 4,900,357                                               |
| Selling,      general and administrative expense                                 |                                                                                                                                  | 2,502,910                                                                                                                             |                                                                                                       | 2,317,277                                                                |                                                                                                                            | 5,130,629                                                                                         |                                                                                           | 4,662,012                                               |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Operating      income (loss)                                                     |                                                                                                                                  | 1,707,363                                                                                                                             |                                                                                                       | (333,049)                                                                |                                                                                                                            | 1,829,305                                                                                         |                                                                                           | 238,345                                                 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Other      (income) and expense                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |
|     Interest      expense                                    |                                                                                                                                  | 12,740                                                                                                                                |                                                                                                       | 89,437                                                                   |                                                                                                                            | 14,247                                                                                            |                                                                                           | 194,472                                                 |
|     Change      in fair value of interest rate swap          |                                                                                                                                  | -                                                                                                                                     |                                                                                                       | (28,000)                                                                 |                                                                                                                            | -                                                                                                 |                                                                                           | (77,000)                                                |
|     Other,      net                                          |                                                                                                                                  | (1,298)                                                                                                                               |                                                                                                       | (1,816)                                                                  |                                                                                                                            | (10,310)                                                                                          |                                                                                           | (1,882)                                                 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Income      (loss) from continuing operations                                    |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |
|        before      income tax                                               |                                                                                                                                  | 1,695,921                                                                                                                             |                                                                                                       | (392,670)                                                                |                                                                                                                            | 1,825,368                                                                                         |                                                                                           | 122,755                                                 |
| Provision      for (benefit from) income taxes                                   |                                                                                                                                  | 618,000                                                                                                                               |                                                                                                       | (134,000)                                                                |                                                                                                                            | 665,000                                                                                           |                                                                                           | 42,000                                                  |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Net      income (loss) from continuing operations                                |         1,077,921                                                                             |                                                                                                                                  |        (258,670)                                                        |                                                                     |     1,160,368                                                                                               |                                                                                              |          80,755                                   |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Income      (loss) from discontinued                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |
|        operations      before income taxes                                  |                                                                                                                                  |                       - |                                                                                                       |          152,076            |                                                                                                                            |                 - |                                                                                           |       (69,604)            |
| Tax      provision (benefit)                                                     |                                                                                                                                  |                       - |                                                                                                       |            52,000 |                                                                                                                            |                 - |                                                                                           |       (24,000)            |
| Net      income (loss) from discontinued operations                              |                       - |                                                                                                                                  |          100,076                                              |                                                                     |                 -                               |                                                                                              |       (45,604)                                                   |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Net      income (loss)                                                           |                                                                                                                                  |  $   1,077,921                                                                                                    |                                                                                                       |  $  (158,594)                                             |                                                                                                                            |   $  1,160,368                                                                |                                                                                           |  $       35,151 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Net      income (loss) per basic common share:                                   |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |
|                                                                             | Continuing      operations                                                                                                            |                                                                                                                                  |    $            0.17            |                                                                     |    $        (0.04)                                                       |                                                                                              |    $          0.18            |                                                    |   $          0.01 |
|                                                                             | Discontinued      operations                                                                                                          |                                                                                                                                  |                  0.00 |                                                                     |               0      .02                                  |                                                                                              |                0.00 |                                                    |               0.00 |
|                                                                             | Net      income (loss)                                                                                                                |                                                                                                                                  |    $            0.17            |                                                                     |    $        (0.02)                                                       |                                                                                              |    $          0.18            |                                                    |   $          0.01 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Net      income (loss) per diluted common share:                                 |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |
|                                                                             | Continuing      operations                                                                                                            |                                                                                                                                  |    $            0.17            |                                                                     |    $        (0.04)                                                       |                                                                                              |    $          0.18            |                                                    |   $          0.01 |
|                                                                             | Discontinued      operations                                                                                                          |                                                                                                                                  |                  0.00 |                                                                     |                0.02                                  |                                                                                              |                0.00 |                                                    |               0.00 |
|                                                                             | Net      income (loss)                                                                                                                |                                                                                                                                  |    $            0.17            |                                                                     |    $        (0.02)                                                       |                                                                                              |     $         0.18            |                                                    |   $          0.01 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| Weighted      average shares outstanding:                                        |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |
|                                                                             | Basic                                                                                                                                 |                                                                                                                                  | 6,283,011                                                                                                  |                                                                     | 6,262,959                                                                                                                       |                                                                                              | 6,277,399                                                                                      |                                                    | 6,257,035 |
|                                                                             | Dilutive      effect from stock                                                                                                       |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
|                                                                             |     options      and grants                                                                                       |                                                                                                                                  | 30,124                                                                                                     |                                                                     |                      - |                                                                                              | 22,859                                                                                         |                                                    | 4,366 |
|                                                                             | Diluted                                                                                                                               |                                                                                                                                  | 6,313,135                                                                                                  |                                                                     | 6,262,959                                                                                                                       |                                                                                              | 6,300,258                                                                                      |                                                    | 6,261,401 |
|                                                                             |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |                                                                                           |                                                    |   |
| See      accompanying notes to condensed consolidated financial      statements. |                                                                                                                                  |                                                                                                                                  |                                                                                                       |                                                                     |                                                                                                                            |                                                                                              |

----

|  Synalloy      Corporation                                                        |   |             |        |
|----------------------------------------------------------------------------------------|--------|------------------|-------------|
| Condensed      Consolidated Statements of Cash Flows                                   |   |             |        |   |   |   |
| (Unaudited)                                                                            |   | Six Months Ended |        |
|                                                                                   |   | Jul      3, 2010 |        |   | Jul      4, 2009 |   |
| Operating      activities                                                              |   |             |        |   |   |   |
|  Net      income from continuing operations                                       |   | $                | 1,160,368   |   |   | $ | 80,755 |   |
|  Adjustments      to reconcile net income to net cash                             |   |             |        |   |   |   |   |   |
|     (used      in) provided by continuing operating activities:    |   |             |        |   |   |   |   |   |
|     Depreciation      expense                                      |   |             | 1,316,675   |   |   |   | 1,294,624 |   |
|     Amortization      of deferred charges                          |   |             | -           |   |   |   | 23,628 |   |
|     Deferred      income taxes                                     |   |             | (130,545    | ) |   |   | (89,821 |   |
|     Provision      for losses on accounts receivable               |   |             | 149,519     |   |   |   | 221,933 |   |
|     Provision      for losses on inventory                         |   |             | 7,375       |   |   |   | (1,203,000 |  ) |
|     Gain      on sale of property, plant and equipment             |   |             | (19,991     | ) |   |   | (18,920 |  ) |
|     Cash      value of life insurance                              |   |             | (52,163     | ) |   |   | (31,249 |  ) |
|     Environmental      reserves                                    |   |             | (137,815    | ) |   |   | 54,062 |   |
|     Issuance      of treasury stock for director fees              |   |             | 74,981      |   |   |   | 75,010 |   |
|     Employee      stock option and stock grant compensation        |   |             | 89,341      |   |   |   | 106,918 |   |
|     Change      in fair value of interest rate swap                |   |             | -           |   |   |   | (77,000 |  ) |
|     Changes      in operating assets and liabilities:              |   |             |        |   |   |   |   |   |
|         Accounts      receivable               |   |             | (6,000,068  | ) |   |   | 6,015,837 |   |
|         Inventories                            |   |             | (10,193,025 | ) |   |   | 14,992,260 |   |
|         Other      assets and liabilities      |   |             | 295,671     |   |   |   | (222,317 |  ) |
|         Income      taxes receivable           |   |             | 296,615     |   |   |   | 842,981 |   |
|         Accounts      payable                  |   |             | 3,936,037   |   |   |   | (4,783,559 |  ) |
|         Accrued      expenses                  |   |             | (1,696,841  | ) |   |   | (4,138,491 |  ) |
| Net      cash (used in) provided by continuing operating activities                    |   |             | (10,903,866 | ) |   |   | 13,143,651 |   |
| Net      cash provided by discontinued operating activities                            |   |             | -           |   |   |   | 1,497,720 |   |
| Net      cash (used in) provided by operating activities                               |   |             | (10,903,866 | ) |   |   | 14,641,371 |   |
|                                                                                   |   |             |        |   |   |   |   |   |
| Investing      activities                                                              |   |             |        |   |   |   |   |   |
|      Purchases      of property, plant and equipment          |   |             | (3,872,808  | ) |   |   | (1,026,137 |  ) |
|      Proceeds      from sale of property, plant and equipment |   |             | 30,600      |   |   |   | 18,920 |   |
| Net      cash used in continuing investing activities                                  |   |             | (3,842,208  | ) |   |   | (1,007,217 |  ) |
|      Sale      of Organic Pigments, LLC assets, net           |   |             | -           |   |   |   | 1,441,006 |   |
|      Other                                                    |   |             | -           |   |   |   | (213,796 |  ) |
| Net      cash provided by discontinued operating investing    activities               |   |             | -           |   |   |   | 1,227,210 |   |
| Net      cash (used in) provided by investing activities                               |   |             | (3,842,208  | ) |   |   | 219,993 |   |
|                                                                                   |   |             |        |   |   |   |   |   |
| Financing      activities                                                              |   |             |        |   |   |   |   |   |
|      Borrowings      from (payments on) long-term debt, net   |   |             | 2,312,810   |   |   |   | (10,425,648 |  ) |
|      Dividends      paid                                      |   |             | (1,581,084  | ) |   |   | (631,817 |  ) |
|      Proceeds      from exercised stock options               |   |             | 16,746      |   |   |   | - |   |
|      Excess      tax benefits from Stock Grant Plan           |   |             | -           |   |   |   | 1,914 |   |
| Net      cash provided by (used in) financing activities                               |   |             | 748,472     |   |   |   | (11,055,551 |  ) |
|                                                                                   |   |             |        |   |   |   |   |   |
|      (Decrease)      increase in cash and cash equivalents    |   |             | (13,997,602 | ) |   |   | 3,805,813 |   |
|      Cash      and cash equivalents at beginning of period    |   |             | 14,096,557  |   |   |   | 97,215 |   |
|                                                                                   |   |             |        |   |   |   |   |   |
| Cash      and cash equivalents at end of period                                        |   | $                | 98,955      |   |   | $ | 3,903,028 |   |
| See      accompanying notes to condensed consolidated financial      statements.       |   |             |        |   |   |   |   |   |

----

----

|                                |   |   |    |   | Weighted        |   |
|-------------------------------------|--------|--------|---------|--------|-----------------|--------|
|                                |   |   |    |   | Average         |   |
|                                |   |   |    |   | Grant      Date |   |
|                                |   | Shares |    |   | Fair      Value |   |
|                                |   |   |    |   |            |   |
| Outstanding      at January 2, 2010 |   |   | 23,134  |   |            | $      | 17.62 |   |
|                                |   |   |    |   |            |   |   |   |
| Granted                             |   |   | 51,500  |   |            | $      | 7.88 |   |
| Vested                              |   |   | (7,059  | )      |            | $      | 19.30 |   |
| Forfeited      or expired           |   |   | (19,235 | )      |            | $      | 8.89 |   |
| Outstanding      at July 3, 2010    |   |   | 48,340  |   |            | $      | 10.47 |   |

----

|                                                                    |   | THREE      MONTHS ENDED |       |   | SIX      MONTHS ENDED |   |
|-------------------------------------------------------------------------|--------|-------------------------|------------|--------|-----------------------|--------|
|                                                                    |   | Jul      3, 2010        |       |   | Jul      4, 2009      |   |   | Jul      3, 2010 |   |   | Jul      4, 2009 |   |
| Net      sales                                                          |   |                    |       |   |                  |   |   |   |   |   |   |   |
| Metals      Segment                                                     |   | $                       | 25,137,000 |   |                  | $      | 14,135,000 |   |   | $ | 50,099,000 |   |   | $ | 36,762,000 |   |
| Specialty      Chemicals Segment                                        |   |                    | 11,212,000 |   |                  |   | 7,557,000 |   |   |   | 21,450,000 |   |   |   | 15,323,000 |   |
|                                                                    |   | $                       | 36,349,000 |   |                  | $      | 21,692,000 |   |   | $ | 71,549,000 |   |   | $ | 52,085,000 |   |
| Operating      income (loss)                                            |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Metals      Segment                                                     |   | $                       | 963,000    |   |                  | $      | (108,000 | ) |   | $ | 561,000 |   |   | $ | 666,000 |   |
| Specialty      Chemicals Segment                                        |   |                    | 1,241,000  |   |                  |   | 445,000 |   |   |   | 2,327,000 |   |   |   | 935,000 |   |
|                                                                    |   |                    | 2,204,000  |   |                  |   | 337,000 |   |   |   | 2,888,000 |   |   |   | 1,601,000 |   |
| Unallocated      expenses (income)                                      |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                                               |   |                    | 496,000    |   |                  |   | 671,000 |   |   |   | 1,059,000 |   |   |   | 1,364,000 |   |
| Interest      expense                                                   |   |                    | 13,000     |   |                  |   | 89,000 |   |   |   | 14,000 |   |   |   | 194,000 |   |
| Change      in fair value of interest                                   |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|     rate      swap                                  |   |                    | -          |   |                  |   | (28,000 | ) |   |   | - |   |   |   | (77,000 | ) |
| Other      income                                                       |   |                    | (1,000     | )      |                  |   | (2,000 | ) |   |   | (10,000 | ) |   |   | (3,000 | ) |
| Income      (loss) from continuing                                      |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|            operations      before income taxes |   | $                       | 1,696,000  |   |                  | $      | (393,000 | ) |   | $ | 1,825,000 |   |   | $ | 123,000 |   |

----

----

----

----

----

----

----

|             |   |                           |   |  Number      of Shares |   |                   |
|------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------|
| Date      Issued |   | Class      of Purchasers       |   |  Issued                |   | Consideration          |
| 4/29/2010        |   | Non-Employee      Directors(1) |   | 7,655                       |   | Director      Services |

| (1)   | Each      non-employee director was given the opportunity and has elected to receive      $15,000 of the retainer in restricted stock for 2010-11 year which equals      1,531 shares per director for a total of 7,655 shares. The number of      restricted shares issued is determined by the average of the high and low      stock priced on the day prior to the Annual Meeting of Shareholders. The      shares granted to the non-employee directors are not registered under the      Securities Act of 1933 and are subject to forfeiture in whole or in part      upon the occurrence of certain events. The number of shares in the above      chart represents the aggregate number of shares directors are entitled to      receive at the end of the Company’s second quarter and is prorated based      on the number of regular quarterly board meetings attended during each      director’s elected term. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|             |   |                        |   |                               |   |                          |
|------------------|--------|-----------------------------|--------|------------------------------------|--------|-------------------------------|
| Date      Issued |   | Class      of Purchasers    |   |  Number      of Shares Issued |   | Aggregate      Exercise Price |
| 5/6/2010         |   | Non-Employee      Directors |   | 1,500                              |   | $10,125                       |

| Issuer      Purchases of Equity Securities     |   |                            |   |                                  |    |                                                                                       |   |
|------------------------------------------------|--------|---------------------------------|--------|---------------------------------------|---------|--------------------------------------------------------------------------------------------|--------|
|                                           |   |                            |   |                                  |    |                                                                                       |   |   |   |   |   |   |
| Quarter      Ended July 3, 2010 for the Period |   | Total      Number of Shares (1) |   | Average      Price Paid per Share (1) |    | Total      Number of Shares Purchased as Part of Publicly Announced Plans or      Programs |   | Maximum      Number of Shares that may yet be Purchased Under the Plans or      Programs |   |
| 04-04      to 05-01                            |   |  -                         |   |                                  |  - |                                                                                       |   |   | - |   |   |   | - |   |
| 05-02      to 05-29                            |   |                            | 1,016  |                                  |    | $                                                                                          | 9.96   |   |   |   | - |   |   |   | - |   |
| 05-30      to 07-03                            |   |                            | -      |                                  |    |                                                                                       | -      |   |   |   | - |   |   |   | - |   |
| Total                                          |   |                            | 1,016  |                                  |    | $                                                                                          | 9.96   |   |   |   | - |   |   |   | - |   |

----

|  Item 6.      Exhibits |
|-----------------------------|
|                        | The      following exhibits are included herein: |
|                        | 31.1 | Rule      13a-14(a)/15d-14(a) Certifications of Chief Executive Officer  |
|                        | 31.2 | Rule      13a-14(a)/15d-14(a) Certifications of Chief Financial Officer and      Principal Accounting Officer  |
|                        | 32 | Certifications      Pursuant to 18 U.S.C. Section 1350 |

----

|                                  |                      |
|---------------------------------------|---------------------------|
|                                  | SYNALLOY      CORPORATION |
|                                  |                      | (Registrant) |
|                                  |                      |   |
|                                  |                      |   |
| Date:      August 12,      2010       | By:                       | /s/ Ronald H.      Braam                  |
|                                  |                      | Ronald      H. Braam |
|                                  |                      | President      and Chief Executive Officer |
|                                  |                      |   |
| Date:  August 12,      2010 | By:                       | /s/ Richard D.      Sieradzki                    |
|                                  |                      | Richard      D. Sieradzki |
|                                  |                      | Chief      Financial Officer and Principal Accounting Officer |
|                                  |                      |   |

----