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

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Act).

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|  Item      1. | Financial      Statements (unaudited)                                                                               |
|--------------------|---------------------------------------------------------------------------------------------------------------------|
|               | Condensed      consolidated balance sheets - April 4, 2009 and January 3,      2009                                 |
|               | Condensed      consolidated statements of income - Three months ended April 4, 2009      andMarch      29, 2008     |
|               | Condensed      consolidated statements of cash flows - Three months ended April 4, 2009      andMarch      29, 2008 |
|               | Notes      to condensed consolidated financial statements - April 4,    2009                                        |
| 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      6. | Exhibits                           |
|--------------|------------------------------------|
|         | Signatures      and Certifications |

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| Item      1. FINANCIAL STATEMENTS                                                                                                                                    |   |             |        |   |             |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|-------------|--------|------------------|--------|
| Synalloy      Corporation                                                                                                                                            |   |             |        |   |             |   |
| Condensed      Consolidated Balance Sheets                                                                                                                           |   | Apr      4, 2009 |        |   | Jan      3, 2009 |   |
|                                                                                                                                                                 |   | (Unaudited)      |        |   | (Note)           |   |
| Assets                                                                                                                                                               |   |             |        |   |             |   |
| Current      assets                                                                                                                                                  |   |             |        |   |             |   |
| Cash      and cash equivalents                                                                                                                                       |   | $                | 424,398     |   |             | $      | 97,215 |   |
| Accounts      receivable, less allowance                                                                                                                             |   |             |        |   |             |   |   |   |
| for      doubtful accounts                                                                                                                                           |   |             | 18,184,410  |   |             |   | 21,201,589 |   |
| Inventories                                                                                                                                                          |   |             |        |   |             |   |   |   |
| Raw      materials                                                                                                                                                   |   |             | 10,049,030  |   |             |   | 13,678,997 |   |
| Work-in-process                                                                                                                                                      |   |             | 17,480,619  |   |             |   | 16,755,349 |   |
| Finished      goods                                                                                                                                                  |   |             | 11,824,574  |   |             |   | 12,476,926 |   |
| Total      inventories                                                                                                                                               |   |             | 39,354,223  |   |             |   | 42,911,272 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| Income      taxes receivable                                                                                                                                         |   |             | 1,959       |   |             |   | 1,187,866 |   |
| Deferred      income taxes                                                                                                                                           |   |             | 2,342,770   |   |             |   | 2,265,949 |   |
| Prepaid      expenses and other current assets                                                                                                                       |   |             | 376,721     |   |             |   | 231,975 |   |
| Total      current assets                                                                                                                                            |   |             | 60,684,481  |   |             |   | 67,895,866 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| Cash      value of life insurance                                                                                                                                    |   |             | 2,887,224   |   |             |   | 2,867,975 |   |
| Property,      plant & equipment, net of accumulated                                                                                                             |   |             |        |   |             |   |   |   |
| depreciation      of $43,558,000 and $43,023,000                                                                                                                     |   |             | 21,292,730  |   |             |   | 22,129,571 |   |
| Goodwill                                                                                                                                                             |   |             | 1,354,730   |   |             |   | 1,354,730 |   |
| Deferred      charges, net                                                                                                                                           |   |             | 105,471     |   |             |   | 118,035 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| Total      assets                                                                                                                                                    |   | $                | 86,324,636  |   |             | $      | 94,366,177 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| Liabilities      and Shareholders' Equity                                                                                                                            |   |             |        |   |             |   |   |   |
| Current      liabilities                                                                                                                                             |   |             |        |   |             |   |   |   |
| Current      portion of long-term debt                                                                                                                               |   | $                | 466,667     |   |             | $      | 466,667 |   |
| Accounts      payable                                                                                                                                                |   |             | 7,540,556   |   |             |   | 9,294,052 |   |
| Accrued      expenses                                                                                                                                                |   |             | 5,869,931   |   |             |   | 6,722,397 |   |
| Current      portion of environmental reserves                                                                                                                       |   |             | 569,132     |   |             |   | 554,000 |   |
| Total      current liabilities                                                                                                                                       |   |             | 14,446,286  |   |             |   | 17,037,116 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| Long-term      debt                                                                                                                                                  |   |             | 4,899,999   |   |             |   | 9,958,981 |   |
| Environmental      reserves                                                                                                                                          |   |             | 810,000     |   |             |   | 810,000 |   |
| Deferred      compensation                                                                                                                                           |   |             | 372,274     |   |             |   | 369,512 |   |
| Deferred      income taxes                                                                                                                                           |   |             | 3,311,000   |   |             |   | 3,324,000 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| 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                                                                                                                                  |   |             | 753,204     |   |             |   | 752,765 |   |
| Retained      earnings                                                                                                                                               |   |             | 69,091,923  |   |             |   | 69,529,995 |   |
| Less      cost of Common Stock in treasury:                                                                                                                          |   |             |        |   |             |   |   |   |
| 1,746,084      and 1,752,466 shares                                                                                                                                  |   |             | (15,360,050 | )      |             |   | (15,416,192 | ) |
| Total      shareholders' equity                                                                                                                                      |   |             | 62,485,077  |   |             |   | 62,866,568 |   |
|                                                                                                                                                                 |   |             |        |   |             |   |   |   |
| Total      liabilities and shareholders' equity                                                                                                                      |   | $                | 86,324,636  |   |             | $      | 94,366,177 |   |
| Note:       The balance sheet at January 3, 2009 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 Income                                 |   |                    |       |   |              |   |
|                                                                             |   |                    |       |   |              |   |
| (Unaudited)                                                                      |   | Three      Months Ended |       |
|                                                                             |   | Apr      4, 2009        |       |   | Mar      29, 2008 |   |
|                                                                             |   |                    |       |   |              |   |
| Net      sales                                                                   |   | $                       | 35,521,773 |   |              | $      | 50,974,023 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Cost      of goods sold                                                          |   |                    | 32,578,888 |   |              |   | 44,674,826 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Gross      profit                                                                |   |                    | 2,942,885  |   |              |   | 6,299,197 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Selling,      general and administrative expense                                 |   |                    | 2,594,177  |   |              |   | 3,154,961 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Operating      income                                                            |   |                    | 348,708    |   |              |   | 3,144,236 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Other      (income) and expense                                                  |   |                    |       |   |              |   |   |   |
|   Interest      expense                                                |   |                    | 105,035    |   |              |   | 192,279 |   |
|   Change      in fair value of interest rate swap                      |   |                    | (49,000    | )      |              |   | 140,000 |   |
|   Other,      net                                                      |   |                    | (1,072     | )      |              |   | (2,429 | ) |
|                                                                             |   |                    |       |   |              |   |   |   |
| Income      before income taxes                                                  |   |                    | 293,745    |   |              |   | 2,814,386 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Provision      for income taxes                                                  |   |                    | 100,000    |   |              |   | 952,000 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Net      income                                                                  |   | $                       | 193,745    |   |              | $      | 1,862,386 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Net      income per common share:                                                |   |                    |       |   |              |   |   |   |
| Basic                                                                            |   | $                       | .03        |   |              | $      | .30 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Diluted                                                                          |   | $                       | .03        |   |              | $      | .30 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| Weighted      average shares outstanding                                         |   |                    |       |   |              |   |   |   |
| Basic                                                                            |   |                    | 6,249,357  |   |              |   | 6,239,976 |   |
|   Dilutive      effect from stock options and grants                   |   |                    | 1,626      |   |              |   | 41,083 |   |
| Diluted                                                                          |   |                    | 6,250,983  |   |              |   | 6,281,059 |   |
|                                                                             |   |                    |       |   |              |   |   |   |
| See      accompanying notes to condensed consolidated financial      statements. |   |                    |       |   |              |   |   |   |

----

| Synalloy Corporation                                                              |   |                    |       |   |              |   |
|-----------------------------------------------------------------------------------|--------|-------------------------|------------|--------|-------------------|--------|
| Condensed      Consolidated Statements of Cash Flows                              |   |                    |       |   |
| (Unaudited)                                                                       |   | Three      Months Ended |       |
|                                                                              |   | Apr      4, 2009        |       |   | Mar      29, 2008 |   |
| Operating      activities                                                         |   |                    |       |   |              |   |
|  Net      income                                                             |   | $                       | 193,745    |   |              | $      | 1,862,386 |   |
|  Adjustments      to reconcile net income to net cash                        |   |                    |       |   |              |   |   |   |
|     provided      by (used in) operating activities:          |   |                    |       |   |              |   |   |   |
|     Depreciation      expense                                 |   |                    | 838,506    |   |              |   | 777,406 |   |
|     Amortization      of deferred charges                     |   |                    | 12,564     |   |              |   | 12,564 |   |
|     Deferred      income taxes                                |   |                    | (89,821    | )      |              |   | (5,898 | ) |
|     Provision      for losses on accounts receivable          |   |                    | 105,531    |   |              |   | 149,407 |   |
|     Gain      on sale of assets                               |   |                    | (935       | )      |              |   | (1,200 | ) |
|     Cash      value of life insurance                         |   |                    | (19,249    | )      |              |   | (12,000 | ) |
|     Environmental      reserves                               |   |                    | 15,132     |   |              |   | 44,647 |   |
|     Employee      stock option and grant compensation         |   |                    | 54,666     |   |              |   | 51,655 |   |
|     Changes      in operating assets and liabilities:         |   |                    |       |   |              |   |   |   |
|         Accounts      receivable          |   |                    | 2,911,648  |   |              |   | (8,095,992 | ) |
|         Inventories                       |   |                    | 2,467,043  |   |              |   | 2,670,915 |   |
|         Other      assets and liabilities |   |                    | (143,897   | )      |              |   | (96,933 | ) |
|         Accounts      payable             |   |                    | (1,753,496 | )      |              |   | 71,575 |   |
|         Accrued      expenses             |   |                    | (852,466   | )      |              |   | (1,668,424 | ) |
|         Income      taxes                 |   |                    | 1,187,821  |   |              |   | 940,178 |   |
|                                                                              |   |                    |       |   |              |   |   |   |
| Net      cash provided by (used in) operating activities                          |   |                    | 4,926,792  |   |              |   | (3,299,714 | ) |
|                                                                              |   |                    |       |   |              |   |   |   |
| Investing      activities                                                         |   |                    |       |   |              |   |   |   |
|     Purchases      of property, plant and equipment           |   |                    | (359,898   | )      |              |   | (1,180,380 | ) |
|     Proceeds      from sale of assets                         |   |                    | 1,449,174  |   |              |   | 1,200 |   |
|                                                                              |   |                    |       |   |              |   |   |   |
| Net      cash provided by (used in) investing activities                          |   |                    | 1,089,276  |   |              |   | (1,179,180 | ) |
|                                                                              |   |                    |       |   |              |   |   |   |
| Financing      activities                                                         |   |                    |       |   |              |   |   |   |
|     (Payments      on) proceeds from long-term debt, net      |   |                    | (5,058,982 | )      |              |   | 6,024,485 |   |
|     Dividends      paid                                       |   |                    | (631,817   | )      |              |   | (1,566,294 | ) |
|     Excess      tax benefits from Stock Awards Plan           |   |                    | 1,914      |   |              |   | 13,720 |   |
|     Proceeds      from exercised stock options                |   |                    | -          |   |              |   | 4,650 |   |
|                                                                              |   |                    |       |   |              |   |   |   |
| Net      cash (used in) provided by financing activities                          |   |                    | (5,688,885 | )      |              |   | 4,476,561 |   |
|                                                                              |   |                    |       |   |              |   |   |   |
|     Increase      (decrease) in cash and cash equivalents     |   |                    | 327,183    |   |              |   | (2,333 | ) |
|     Cash      and cash equivalents at beginning of period     |   |                    | 97,215     |   |              |   | 28,269 |   |
|                                                                              |   |                    |       |   |              |   |   |   |
| Cash      and cash equivalents at end of period                                   |   | $                       | 424,398    |   |              | $      | 25,936 |   |
|                                                                              |   |                    |       |   |              |   |   |   |
| See      accompanying notes to condensed consolidated financial      statements.  |   |                    |       |   |              |   |   |   |

----

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|                                |   |   |   |   | Weighted        |   |
|-------------------------------------|--------|--------|--------|--------|-----------------|--------|
|                                |   |   |   |   | Average         |   |
|                                |   |   |   |   | Grant      Date |   |
|                                |   | Shares |   |   | Fair      Value |   |
|                                |   |   |   |   |            |   |
| Outstanding      at January 3, 2009 |   |   | 25,244 |   |            | $      | 21.62 |   |
|                                |   |   |   |   |            |   |   |   |
| Granted                             |   |   | 5,500  |   |            | $      | 5.22 |   |
| Vested                              |   |   | (6,382 | )      |            | $      | 21.97 |   |
|                                |   |   |   |   |            |   |   |   |
| Outstanding      at April 4, 2009   |   |   | 24,362 |   |            | $      | 17.83 |   |

----

|                                            |   | Three      Months Ended |       |
|-------------------------------------------------|--------|-------------------------|------------|
|                                            |   | Apr      4, 2009        |       |   | Mar      29, 2008 |   |
| Net      sales                                  |   |                    |       |   |   |   |
| Specialty      Chemicals Segment                |   | $                       | 12,895,000 |   |   | $ | 14,052,000 |   |
| Metals      Segment                             |   |                    | 22,627,000 |   |   |   | 36,922,000 |   |
|                                            |   | $                       | 35,522,000 |   |   | $ | 50,974,000 |   |
|                                            |   |                    |       |   |   |   |   |   |
| Segment      income                             |   |                    |       |   |   |   |   |   |
| Specialty      Chemicals Segment                |   | $                       | 267,000    |   |   | $ | 439,000 |   |
| Metals      Segment                             |   |                    | 774,000    |   |   |   | 3,449,000 |   |
|                                            |   |                    | 1,041,000  |   |   |   | 3,888,000 |   |
| Unallocated      expenses                       |   |                    |       |   |   |   |   |   |
| Corporate                                       |   |                    | 692,000    |   |   |   | 744,000 |   |
| Interest      expense                           |   |                    | 105,000    |   |   |   | 192,000 |   |
| Change      in fair value of interest rate swap |   |                    | (49,000    | ) |   |   | 140,000 |   |
| Other      income                               |   |                    | (1,000     | ) |   |   | (2,000 | ) |
|                                            |   |                    |       |   |   |   |   |   |
| Income      before income taxes                 |   | $                       | 294,000    |   |   | $ | 2,814,000 |   |

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|  Item 6. |   | Exhibits                                                                                                       |
|---------------|--------|----------------------------------------------------------------------------------------------------------------|
|          |   | The      following exhibits are included herein:                                                               |
|          | 31     | Rule      13a-14(a)/15d-14(a) Certifications of Chief Executive Officer and Chief      Financial Officer  |
|          | 32     | Certifications      Pursuant to 18 U.S.C. Section 1350                                                    |
|          |   |                                                                                                           |

----

|                               |                      |
|------------------------------------|---------------------------|
|                               | SYNALLOY      CORPORATION |
|                               |                      | (Registrant) |
|                               |                      |   |
|                               |                      |   |
| Date:      May 12,      2009       | By:                       | /s/ Ronald H.      Braam                  |
|                               |                      | Ronald      H. Braam |
|                               |                      | President      and Chief Executive Officer |
|                               |                      |   |
| Date:  May 12,      2009 | By:                       | /s/ Gregory M.      Bowie                    |
|                               |                      | Gregory      M. Bowie |
|                               |                      | Vice      President Finance and Chief Financial Officer |
|                               |                      |   |

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