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| [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) |
|------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|
|                                                                                           |   |                                          |
| 775 Spartan Blvd. Suite 102Spartanburg, South Carolina(Address of principal executive offices) |   |  29301(Zip code)                         |

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

|   |
|--------|

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

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|  PART I. |  FINANCIAL INFORMATION                                                                          |
|---------------|------------------------------------------------------------------------------------------------------|
|          |                                                                                                 |
|  Item 1. | Financial Statements (unaudited)                                                                     |
|          | Condensed consolidated balance sheets - April 2, 2011 and January 1, 2011                            |
|          | Condensed consolidated statements of operations - Three months ended April 2, 2011 and April 3, 2010 |
|          | Condensed consolidated statements of cash flows - Three months ended April 2, 2011 and April 3, 2010 |
|          | Notes to condensed consolidated financial statements - April 2, 2011                                 |
| 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                                                                              |
|          |                                                                                                 |

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

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| PART I                                                                                                                                         |   |        |        |   |        |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|-------------|--------|-------------|--------|
| Item 1. FINANCIAL STATEMENTS                                                                                                                   |   |        |        |   |        |   |
| Synalloy Corporation                                                                                                                           |   |        |        |   |        |   |
| Condensed Consolidated Balance Sheets                                                                                                          |   | (Unaudited) |        |   |        |   |
|                                                                                                                                           |   | Apr 2, 2011 |        |   | Jan 1, 2011 |   |
| Assets                                                                                                                                         |   |        |        |   |        |   |
| Current assets                                                                                                                                 |   |        |        |   |        |   |
| Cash and cash equivalents                                                                                                                      |   | $           | 889,210     |   |        | $      | 108,902 |   |
| Accounts receivable, less allowance                                                                                                            |   |        |        |   |        |   |   |   |
| for doubtful accounts                                                                                                                          |   |        | 29,430,703  |   |        |   | 19,972,900 |   |
| Inventories                                                                                                                                    |   |        |        |   |        |   |   |   |
| Raw materials                                                                                                                                  |   |        | 15,908,261  |   |        |   | 12,660,670 |   |
| Work-in-process                                                                                                                                |   |        | 13,185,882  |   |        |   | 9,571,811 |   |
| Finished goods                                                                                                                                 |   |        | 15,878,493  |   |        |   | 12,120,276 |   |
| Total inventories                                                                                                                              |   |        | 44,972,636  |   |        |   | 34,352,757 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Deferred income taxes                                                                                                                          |   |        | 2,194,928   |   |        |   | 2,257,000 |   |
| Prepaid expenses and other current assets                                                                                                      |   |        | 435,515     |   |        |   | 814,185 |   |
| Total current assets                                                                                                                           |   |        | 77,922,992  |   |        |   | 57,505,744 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Cash value of life insurance                                                                                                                   |   |        | 3,047,567   |   |        |   | 3,029,566 |   |
| Property, plant & equipment, net of accumulated                                                                                            |   |        |        |   |        |   |   |   |
| depreciation of $39,254,155 and $38,486,325                                                                                                    |   |        | 17,882,028  |   |        |   | 18,191,947 |   |
| Goodwill                                                                                                                                       |   |        | 2,354,730   |   |        |   | 2,354,730 |   |
| Deferred charges, net and other non-current assets                                                                                             |   |        | 288,032     |   |        |   | 293,372 |   |
| Total assets                                                                                                                                   |   | $           | 101,495,349 |   |        | $      | 81,375,359 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Liabilities and Shareholders' Equity                                                                                                           |   |        |        |   |        |   |   |   |
| Current liabilities                                                                                                                            |   |        |        |   |        |   |   |   |
| Accounts payable                                                                                                                               |   | $           | 19,650,108  |   |        | $      | 10,674,077 |   |
| Accrued expenses                                                                                                                               |   |        | 5,697,759   |   |        |   | 3,306,291 |   |
| Accrued income taxes                                                                                                                           |   |        | 1,037,169   |   |        |   | - |   |
| Current portion of environmental reserves                                                                                                      |   |        | 301,472     |   |        |   | 293,456 |   |
| Total current liabilities                                                                                                                      |   |        | 26,686,508  |   |        |   | 14,273,824 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Long-term debt                                                                                                                                 |   |        | 5,338,122   |   |        |   | 219,275 |   |
| Environmental reserves                                                                                                                         |   |        | 643,000     |   |        |   | 643,000 |   |
| Deferred compensation                                                                                                                          |   |        | 304,922     |   |        |   | 302,159 |   |
| Deferred income taxes                                                                                                                          |   |        | 2,062,000   |   |        |   | 2,062,000 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| 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                                                                                                                 |   |        | 907,487     |   |        |   | 942,707 |   |
| Retained earnings                                                                                                                              |   |        | 72,481,728  |   |        |   | 69,981,395 |   |
| Less cost of common stock in treasury:                                                                                                         |   |        |        |   |        |   |   |   |
| 1,696,346 and 1,710,591 shares                                                                                                                 |   |        | (14,928,418 | )      |        |   | (15,049,001 | ) |
| Total shareholders' equity                                                                                                                     |   |        | 66,460,797  |   |        |   | 63,875,101 |   |
| Total liabilities and shareholders' equity                                                                                                     |   | $           | 101,495,349 |   |        | $      | 81,375,359 |   |
| Note: The balance sheet at January 1, 2011 has been derived from the audited consolidated financial statements at that date.                   |   |
|             See accompanying notes to condensed consolidated financial statements. |   |        |        |   |        |   |   |   |

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| Synalloy Corporation                                                   |   |               |       |   |        |   |
|------------------------------------------------------------------------|--------|--------------------|------------|--------|-------------|--------|
| Condensed Consolidated Statements of Operations                        |   |               |       |   |        |   |
| (Unaudited)                                                            |   | Three Months Ended |       |
|                                                                   |   | Apr 2, 2011        |       |   | Apr 3, 2010 |   |
|                                                                   |   |               |       |   |        |   |
| Net sales                                                              |   | $                  | 42,742,420 |   |        | $      | 35,200,604 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Cost of goods sold                                                     |   |               | 35,644,239 |   |        |   | 32,450,943 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Gross profit                                                           |   |               | 7,098,181  |   |        |   | 2,749,661 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Selling, general and administrative expense                            |   |               | 3,134,689  |   |        |   | 2,627,719 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Operating income                                                       |   |               | 3,963,492  |   |        |   | 121,942 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Other (income) and expense                                             |   |               |       |   |        |   |   |   |
|   Interest expense                                           |   |               | 29,171     |   |        |   | 1,507 |   |
|   Other, net                                                 |   |               | (14        | )      |        |   | (9,012 | ) |
|                                                                   |   |               |       |   |        |   |   |   |
| Income before income tax                                               |   |               | 3,934,335  |   |        |   | 129,447 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Provision for income taxes                                             |   |               | 1,434,000  |   |        |   | 47,000 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Net income                                                             |   | $                  | 2,500,335  |   |        | $      | 82,447 |   |
|                                                                   |   |               |       |   |        |   |   |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Net income per common share:                                           |   |               |       |   |        |   |   |   |
| Basic                                                                  |   | $                  | 0.40       |   |        | $      | 0.01 |   |
| Diluted                                                                |   | $                  | 0.39       |   |        | $      | 0.01 |   |
|                                                                   |   |               |       |   |        |   |   |   |
| Weighted average shares outstanding                                    |   |               |       |   |        |   |   |   |
| Basic                                                                  |   |               | 6,295,855  |   |        |   | 6,271,788 |   |
|   Dilutive effect from stock                                 |   |               |       |   |        |   |   |   |
|     options and grants                             |   |               | 41,836     |   |        |   | 24,927 |   |
| Diluted                                                                |   |               | 6,337,691  |   |        |   | 6,296,715 |   |
|                                                                   |   |               |       |   |        |   |   |   |
|                                                                   |   |               |       |   |        |   |   |   |
| See accompanying notes to condensed consolidated financial statements. |   |               |       |   |        |   |   |   |

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| Synalloy Corporation                                                              |   |                |        |   |        |   |
|-----------------------------------------------------------------------------------|--------|---------------------|-------------|--------|-------------|--------|
| Condensed Consolidated Statements of Cash Flows                                   |   |                |        |   |        |   |
| (Unaudited)                                                                       |   | Three Months Ended, |        |
|                                                                              |   | Apr 2, 2011         |        |   | Apr 3, 2010 |   |
| Operating activities                                                              |   |                |        |   |        |   |
|  Net income                                                                  |   | $                   | 2,500,335   |   |        | $      | 82,447 |   |
|  Adjustments to reconcile net income to net cash                             |   |                |        |   |        |   |   |   |
|     used in operating activities:                             |   |                |        |   |        |   |   |   |
|     Depreciation expense                                      |   |                | 767,829     |   |        |   | 653,764 |   |
|     Amortization of deferred charges                          |   |                | 5,340       |   |        |   | - |   |
|     Deferred income taxes                                     |   |                | 62,072      |   |        |   | (130,545 | ) |
|     Provision for losses on accounts receivable               |   |                | (54,000     | )      |        |   | 69,605 |   |
|     Provision for losses on inventory                         |   |                | (53,000     | )      |        |   | 20,276 |   |
|     Gain on sale of property, plant and equipment             |   |                | (2,950      | )      |        |   | (8,600 | ) |
|     Cash value of life insurance                              |   |                | (18,001     | )      |        |   | (12,000 | ) |
|     Environmental reserves                                    |   |                | 8,016       |   |        |   | (32,195 | ) |
|     Employee stock option and stock grant compensation        |   |                | 74,928      |   |        |   | 46,351 |   |
|     Changes in operating assets and liabilities:              |   |                |        |   |        |   |   |   |
|         Accounts receivable               |   |                | (9,403,803  | )      |        |   | (6,030,116 | ) |
|         Inventories                       |   |                | (10,566,879 | )      |        |   | (5,636,056 | ) |
|         Other assets and liabilities      |   |                | 78,574      |   |        |   | 63,155 |   |
|         Accounts payable                  |   |                | 8,976,031   |   |        |   | 798,250 |   |
|         Accrued expenses                  |   |                | 2,391,466   |   |        |   | 235,170 |   |
|         Income taxes payable              |   |                | 1,349,913   |   |        |   | 19,615 |   |
| Net cash used in operating activities                                             |   |                | (3,884,129  | )      |        |   | (9,860,879 | ) |
|                                                                              |   |                |        |   |        |   |   |   |
| Investing activities                                                              |   |                |        |   |        |   |   |   |
|      Purchases of property, plant and equipment          |   |                | (457,910    | )      |        |   | (796,307 | ) |
|      Proceeds from sale of property, plant and equipment |   |                | 2,950       |   |        |   | 8,600 |   |
| Net cash used in investing activities                                             |   |                | (454,960    | )      |        |   | (787,707 | ) |
|                                                                              |   |                |        |   |        |   |   |   |
| Financing activities                                                              |   |                |        |   |        |   |   |   |
|      Net borrowings from long-term debt                  |   |                | 5,118,847   |   |        |   | - |   |
|      Dividends paid                                      |   |                | -           |   |        |   | (1,581,084 | ) |
|      Proceeds from exercised stock options               |   |                | 550         |   |        |   | 16,740 |   |
| Net cash provided by (used in) financing activities                               |   |                | 5,119,397   |   |        |   | (1,564,344 | ) |
|                                                                              |   |                |        |   |        |   |   |   |
|      Increase (decrease) in cash and cash equivalents    |   |                | 780,308     |   |        |   | (12,212,930 | ) |
|      Cash and cash equivalents at beginning of period    |   |                | 108,902     |   |        |   | 14,096,557 |   |
|                                                                              |   |                |        |   |        |   |   |   |
| Cash and cash equivalents at end of period                                        |   | $                   | 889,210     |   |        | $      | 1,883,627 |   |
|                                                                              |   |                |        |   |        |   |   |   |
| See accompanying notes to condensed consolidated financial statements.            |   |                |        |   |        |   |   |   |

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|                        |   | THREE MONTHS ENDED |       |
|-----------------------------|--------|--------------------|------------|
|                        |   | Apr 2, 2011        |       |   | Apr 3, 2010 |   |
| Net sales                   |   |               |       |   |   |   |
| Metals Segment              |   | $                  | 31,417,000 |   |   | $ | 24,963,000 |   |
| Specialty Chemicals Segment |   |               | 11,325,000 |   |   |   | 10,238,000 |   |
|                        |   | $                  | 42,742,000 |   |   | $ | 35,201,000 |   |
| Operating (loss) income     |   |               |       |   |   |   |   |   |
| Metals Segment              |   | $                  | 3,955,000  |   |   | $ | (402,000 | ) |
| Specialty Chemicals Segment |   |               | 773,000    |   |   |   | 1,086,000 |   |
|                        |   |               | 4,728,000  |   |   |   | 684,000 |   |
| Unallocated expenses        |   |               |       |   |   |   |   |   |
| Corporate                   |   |               | 765,000    |   |   |   | 562,000 |   |
| Interest expense            |   |               | 29,000     |   |   |   | 2,000 |   |
| Other income                |   |               | -          |   |   |   | (9,000 | ) |
|                        |   |               |       |   |   |   |   |   |
| Income before income taxes  |   | $                  | 3,934,000  |   |   | $ | 129,000 |   |

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|        |                   |   | Number of Shares |   |   | AggregateExercise |   |
|-------------|------------------------|--------|------------------|--------|--------|-------------------|--------|
| Date Issued | Class of Purchasers    |   | Issued           |   |   | Price             |   |
|        |                   |   |             |   |   |              |   |
| 3/7/2011    | Officers and employees |   |             | 3,000  |   |              | $      | 14,490 |   |

|   Issuer Purchases of Equity Securities                                                                |   |          |   |   |          |   |   |               |          |   |
|-------------------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|---------------|--------|--------|--------------------|---------------|--------|
|                                                                                                        |   |          |   |   |          |   |   |               |  Maximum |   |
|                                                                                                        |   |          |   |   |          |   |   |               | Number        |   |
|                                                                                                        |   |          |   |   |          |   |   | Total Number       |          |   | of Shares |   |
|                                                                                                        |   |          |   |   |          |   |   | of Shares          |          |   | that may yet be |   |
|                                                                                                        |   |          |   |   |          |   |   |  Purchased as |          |   |  Purchased |   |
| Quarter                                                                                                     |   |          |   |   | Average       |   |   | Part of Publically |          |   | Under |   |
| Ended April 2, 2011                                                                                         |   | Total Number  |   |   | Price Paid    |   |   | Announced          |          |   | the Plans |   |
| for the Period                                                                                              |   | of Shares (1) |   |   | per Share (1) |   |   | Plans or Programs  |          |   | or Programs |   |
| 01-02 to 01-29                                                                                              |   |          | -      |   |          |   | -      |               |          |   | - |   |   |   | - |   |
| 01-30 to 02-26                                                                                              |   |          | -      |   |          |   | -      |               |          |   | - |   |   |   | - |   |
| 02-26 to 04-02                                                                                              |   |          | 1,045  |   |          | $      | 13.34  |               |          |   | - |   |   |   | - |   |
| Total                                                                                                       |   |          | 1,045  |   |          | $      | 13.34  |               |          |   | - |   |   |   | - |   |
| (1) This column reflects the surrender of previously owned shares of common stock to pay the exercise price |   |
| in connection with the exercise of stock options.                                                           |   |          |   |   |          |   |   |               |          |

|  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                                                         |

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|                          |                 |
|-------------------------------|----------------------|
|                          | SYNALLOY CORPORATION |
|                          |                 | (Registrant) |
|                          |                 |   |
|                          |                 |   |
| Date: May 13, 2011            | By:                  | /s/ Craig C. Bram                  |
|                          |                 | Craig C. Bram |
|                          |                 | President and Chief Executive Officer |
|                          |                 |   |
| Date:  May 13, 2011 | By:                  | /s/ Richard D. Sieradzki                    |
|                          |                 | Richard D. Sieradzki |
|                          |                 | Chief Financial Officer and Principal Accounting Officer |
|                          |                 |   |

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