----

| [X]    | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|----------------------------------------------------------------------------------------|
|   |   For the Quarterly Period Ended July 2, 2011                                     |

| [  ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934      |
|----------------|----------------------------------------------------------------------------------------------|
|           |   For the Transition Period From _____ to ____Commission file number 0-19687  |

| 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(Registrant's telephone number, including area code) |
|--------------------------------------------------------------------|

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

| 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 2, 2011 and January 1, 2011                                   |
|          | Condensed consolidated statements of operations - Three and six months ended July 2, 2011 and July 3, 2010 |
|          | Condensed consolidated statements of cash flows - Six months ended July 2, 2011 and July 3, 2010           |
|          | Notes to condensed consolidated financial statements - July 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                                                                                    |
|          |                                                                                                       |

| 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                                                                                                          |   |        |        |   |        |   |
|                                                                                                                                           |   | (Unaudited) |        |   |        |   |
|                                                                                                                                           |   | Jul 2, 2011 |        |   | Jan 1, 2011 |   |
| Assets                                                                                                                                         |   |        |        |   |        |   |
| Current assets                                                                                                                                 |   |        |        |   |        |   |
| Cash and cash equivalents                                                                                                                      |   | $           | 115,418     |   |        | $      | 108,902 |   |
| Accounts receivable, less allowance                                                                                                            |   |        |        |   |        |   |   |   |
| for doubtful accounts                                                                                                                          |   |        | 24,404,728  |   |        |   | 19,972,900 |   |
| Inventories                                                                                                                                    |   |        |        |   |        |   |   |   |
| Raw materials                                                                                                                                  |   |        | 12,913,116  |   |        |   | 12,660,670 |   |
| Work-in-process                                                                                                                                |   |        | 15,790,832  |   |        |   | 9,571,811 |   |
| Finished goods                                                                                                                                 |   |        | 17,867,139  |   |        |   | 12,120,276 |   |
| Total inventories                                                                                                                              |   |        | 46,571,087  |   |        |   | 34,352,757 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Deferred income taxes                                                                                                                          |   |        | 2,194,928   |   |        |   | 2,257,000 |   |
| Prepaid expenses and other current assets                                                                                                      |   |        | 425,508     |   |        |   | 814,185 |   |
| Total current assets                                                                                                                           |   |        | 73,711,669  |   |        |   | 57,505,744 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Cash value of life insurance                                                                                                                   |   |        | 3,065,566   |   |        |   | 3,029,566 |   |
| Property, plant & equipment, net of accumulated                                                                                            |   |        |        |   |        |   |   |   |
| depreciation of $39,984,089 and $38,486,325                                                                                                    |   |        | 17,974,319  |   |        |   | 18,191,947 |   |
| Goodwill                                                                                                                                       |   |        | 2,354,730   |   |        |   | 2,354,730 |   |
| Deferred charges, net and other non-current assets                                                                                             |   |        | 290,191     |   |        |   | 293,372 |   |
| Total assets                                                                                                                                   |   | $           | 97,396,475  |   |        | $      | 81,375,359 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Liabilities and Shareholders' Equity                                                                                                           |   |        |        |   |        |   |   |   |
| Current liabilities                                                                                                                            |   |        |        |   |        |   |   |   |
| Accounts payable                                                                                                                               |   | $           | 15,816,901  |   |        | $      | 10,674,077 |   |
| Accrued expenses                                                                                                                               |   |        | 5,627,711   |   |        |   | 3,306,291 |   |
| Current portion of environmental reserves                                                                                                      |   |        | 307,990     |   |        |   | 293,456 |   |
| Accrued income taxes                                                                                                                           |   |        | 85,369      |   |        |   | - |   |
| Total current liabilities                                                                                                                      |   |        | 21,837,971  |   |        |   | 14,273,824 |   |
|                                                                                                                                           |   |        |        |   |        |   |   |   |
| Long-term debt                                                                                                                                 |   |        | 4,091,439   |   |        |   | 219,275 |   |
| Environmental reserves                                                                                                                         |   |        | 643,000     |   |        |   | 643,000 |   |
| Deferred compensation                                                                                                                          |   |        | 307,685     |   |        |   | 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                                                                                                                 |   |        | 1,005,562   |   |        |   | 942,707 |   |
| Retained earnings                                                                                                                              |   |        | 74,190,757  |   |        |   | 69,981,395 |   |
| Less cost of common stock in treasury:                                                                                                         |   |        |        |   |        |   |   |   |
| 1,675,156 and 1,710,591 shares                                                                                                                 |   |        | (14,741,939 | )      |        |   | (15,049,001 | ) |
| Total shareholders' equity                                                                                                                     |   |        | 68,454,380  |   |        |   | 63,875,101 |   |
| Total liabilities and shareholders' equity                                                                                                     |   | $           | 97,396,475  |   |        | $      | 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. |   |        |        |   |        |   |   |   |

----

| Synalloy Corporation                                                   |   |               |       |   |             |   |       |   |               |        |
|------------------------------------------------------------------------|--------|--------------------|------------|--------|------------------|--------|------------|--------|--------------------|-------------|
| Condensed Consolidated Statements of Operations                        |   |               |       |   |             |   |       |   |
| (Unaudited)                                                            |   |               |       |   |             |
|                                                                   |   | Three Months Ended |       |   | Six Months Ended |
|                                                                   |   | Jul 2, 2011        |       |   | Jul 3, 2010      |   |       |   |   Jul 2, 2011 | Jul 3, 2010 |   |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |
| Net sales                                                              |   | $                  | 41,398,684 |   |             | $      | 36,348,685 |   |               | $           | 84,141,104 |   | $ | 71,549,289 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Cost of goods sold                                                     |   |               | 35,819,756 |   |             |   | 32,138,412 |   |               |        | 71,463,995 |   |   | 64,589,355 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Gross profit                                                           |   |               | 5,578,928  |   |             |   | 4,210,273  |   |               |        | 12,677,109 |   |   | 6,959,934 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Selling and administrative expense                                     |   |               | 2,908,697  |   |             |   | 2,502,910  |   |               |        | 6,043,386 |   |   | 5,130,629 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Operating income                                                       |   |               | 2,670,231  |   |             |   | 1,707,363  |   |               |        | 6,633,723 |   |   | 1,829,305 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Other (income) and expense                                             |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Interest expense                                                       |   |               | 27,220     |   |             |   | 12,740     |   |               |        | 56,391 |   |   | 14,247 |   |
| Other, net                                                             |   |               | (16        | )      |             |   | (1,298     | )      |               |        | (30 |   |   | (10,310 | ) |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Income before income tax                                               |   |               | 2,643,027  |   |             |   | 1,695,921  |   |               |        | 6,577,362 |   |   | 1,825,368 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Provision for income taxes                                             |   |               | 934,000    |   |             |   | 618,000    |   |               |        | 2,368,000 |   |   | 665,000 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Net income                                                             |   | $                  | 1,709,027  |   |             | $      | 1,077,921  |   |               | $           | 4,209,362 |   | $ | 1,160,368 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Net income per common share                                            |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Basic                                                                  |   | $                  | 0.27       |   |             | $      | 0.17       |   |               | $           | 0.67 |   | $ | 0.18 |   |
| Diluted                                                                |   | $                  | 0.27       |   |             | $      | 0.17       |   |               | $           | 0.66 |   | $ | 0.18 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Weighted average shares outstanding                                    |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| Basic                                                                  |   |               | 6,310,819  |   |             |   | 6,283,011  |   |               |        | 6,303,420 |   |   | 6,277,399 |   |
|   Dilutive effect from stock                                 |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
|     options and grants                             |   |               | 46,121     |   |             |   | 30,124     |   |               |        | 44,464 |   |   | 22,859 |   |
| Diluted                                                                |   |               | 6,356,940  |   |             |   | 6,313,135  |   |               |        | 6,347,884 |   |   | 6,300,258 |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
|                                                                   |   |               |       |   |             |   |       |   |               |        |   |   |   |   |   |   |
| See accompanying notes to condensed consolidated financial statements. |   |               |       |   |             |   |       |   |               |        |   |   |   |

----

| Synalloy Corporation                                                              |   |             |        |   |        |   |
|-----------------------------------------------------------------------------------|--------|------------------|-------------|--------|-------------|--------|
| Condensed Consolidated Statements of Cash Flows                                   |   |             |        |   |        |   |
| (Unaudited)                                                                       |   | Six Months Ended |        |
|                                                                              |   | Jul 2, 2011      |        |   | Jul 3, 2010 |   |
| Operating activities                                                              |   |             |        |   |        |   |
|  Net income                                                                  |   | $                | 4,209,362   |   |        | $      | 1,160,368 |   |
|  Adjustments to reconcile net income to net cash                             |   |             |        |   |        |   |   |   |
|     used in operating activities:                             |   |             |        |   |        |   |   |   |
|     Depreciation expense                                      |   |             | 1,536,482   |   |        |   | 1,316,675 |   |
|     Amortization of deferred charges                          |   |             | 14,412      |   |        |   | - |   |
|     Deferred income taxes                                     |   |             | 62,072      |   |        |   | (130,545 | ) |
|     Provision for losses on accounts receivable               |   |             | 75,300      |   |        |   | 149,519 |   |
|     Provision for losses on inventory                         |   |             | (127,000    | )      |        |   | 7,375 |   |
|     Gain on sale of property, plant and equipment             |   |             | (33,835     | )      |        |   | (19,991 | ) |
|     Cash value of life insurance                              |   |             | (36,000     | )      |        |   | (52,163 | ) |
|     Environmental reserves                                    |   |             | 14,534      |   |        |   | (137,815 | ) |
|     Issuance of treasury stock for director fees              |   |             | 74,950      |   |        |   | 74,981 |   |
|     Employee stock option and stock grant compensation        |   |             | 123,180     |   |        |   | 89,341 |   |
|     Changes in operating assets and liabilities:              |   |             |        |   |        |   |   |   |
|         Accounts receivable               |   |             | (4,507,128  | )      |        |   | (6,000,068 | ) |
|         Inventories                       |   |             | (12,091,330 | )      |        |   | (10,193,025 | ) |
|         Other assets and liabilities      |   |             | 80,113      |   |        |   | 295,671 |   |
|         Accounts payable                  |   |             | 5,142,824   |   |        |   | 296,615 |   |
|         Accrued expenses                  |   |             | 2,321,420   |   |        |   | 3,936,037 |   |
|         Income taxes payable              |   |             | 398,113     |   |        |   | (1,696,841 | ) |
| Net cash used in operating activities                                             |   |             | (2,742,531  | )      |        |   | (10,903,866 | ) |
|                                                                              |   |             |        |   |        |   |   |   |
| Investing activities                                                              |   |             |        |   |        |   |   |   |
|      Purchases of property, plant and equipment          |   |             | (1,330,469  | )      |        |   | (3,872,808 | ) |
|      Proceeds from sale of property, plant and equipment |   |             | 45,450      |   |        |   | 30,600 |   |
| Net cash used in investing activities                                             |   |             | (1,285,019  | )      |        |   | (3,842,208 | ) |
|                                                                              |   |             |        |   |        |   |   |   |
| Financing activities                                                              |   |             |        |   |        |   |   |   |
|      Net borrowings from long-term debt                  |   |             | 3,872,164   |   |        |   | 2,312,810 |   |
|      Dividends paid                                      |   |             | -           |   |        |   | (1,581,084 | ) |
|      Proceeds from exercised stock options               |   |             | 161,902     |   |        |   | 16,746 |   |
| Net cash provided by financing activities                                         |   |             | 4,034,066   |   |        |   | 748,472 |   |
|                                                                              |   |             |        |   |        |   |   |   |
|      Increase (decrease) in cash and cash equivalents    |   |             | 6,516       |   |        |   | (13,997,602 | ) |
|      Cash and cash equivalents at beginning of period    |   |             | 108,902     |   |        |   | 14,096,557 |   |
|                                                                              |   |             |        |   |        |   |   |   |
| Cash and cash equivalents at end of period                                        |   | $                | 115,418     |   |        | $      | 98,955 |   |
|                                                                              |   |             |        |   |        |   |   |   |
| See accompanying notes to condensed consolidated financial statements.            |   |             |        |   |        |   |   |   |

----

----

|                        |   | THREE MONTHS ENDED |       |   | SIX MONTHS ENDED |   |
|-----------------------------|--------|--------------------|------------|--------|------------------|--------|
|                        |   | Jul 2, 2011        |       |   | Jul 3, 2010      |   |   | Jul 2, 2011 |   |   | Jul 3, 2010 |   |
| Net sales                   |   |               |       |   |             |   |   |   |   |   |   |   |
| Metals Segment              |   | $                  | 30,519,000 |   |             | $      | 25,137,000 |   |   | $ | 61,937,000 |   |   | $ | 50,099,000 |   |
| Specialty Chemicals Segment |   |               | 10,879,000 |   |             |   | 11,212,000 |   |   |   | 22,204,000 |   |   |   | 21,450,000 |   |
|                        |   | $                  | 41,398,000 |   |             | $      | 36,349,000 |   |   | $ | 84,141,000 |   |   | $ | 71,549,000 |   |
| Operating income            |   |               |       |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Metals Segment              |   | $                  | 2,523,000  |   |             | $      | 963,000 |   |   | $ | 6,478,000 |   |   | $ | 561,000 |   |
| Specialty Chemicals Segment |   |               | 859,000    |   |             |   | 1,241,000 |   |   |   | 1,633,000 |   |   |   | 2,327,000 |   |
|                        |   |               | 3,382,000  |   |             |   | 2,204,000 |   |   |   | 8,111,000 |   |   |   | 2,888,000 |   |
| Unallocated expenses        |   |               |       |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                   |   |               | 712,000    |   |             |   | 496,000 |   |   |   | 1,478,000 |   |   |   | 1,059,000 |   |
| Interest expense            |   |               | 27,000     |   |             |   | 13,000 |   |   |   | 56,000 |   |   |   | 14,000 |   |
| Other income                |   |               | -          |   |             |   | (1,000 | ) |   |   | - |   |   |   | (10,000 | ) |
|                        |   |               |       |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes  |   | $                  | 2,643,000  |   |             | $      | 1,696,000 |   |   | $ | 6,577,000 |   |   | $ | 1,825,000 |   |

----

----

----

----

----

| Date Issued |   | Class of Purchasers       |   | Number of Shares Issued |   | Consideration     |
|-------------|--------|---------------------------|--------|------------------------------|--------|-------------------|
| 4/28/2011   |   | Non-Employee Directors(1) |   | 4,990                        |   | 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 2011-12 year which equals 998 shares per director for a total of 4,990 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 |
|-------------|--------|------------------------|--------|-------------------------------|--------|---------------------------------|
| 5/26/11     |   | Non-Employee Directors |   | 8,800                         |   |   $87,648                  |
| 6/27/11     |   | Non-Employee Directors |   | 7,400                         |   |   $73,704                  |

----

|  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, 2011            | By:                  | /s/ Craig C. Bram                  |
|                             |                 | Craig C. Bram |
|                             |                 | President and Chief Executive Officer |
|                             |                 |   |
| Date:  August 12, 2011 | By:                  | /s/ Richard D. Sieradzki                    |
|                             |                 | Richard D. Sieradzki |
|                             |                 | Chief Financial Officer and Principal Accounting Officer |
|                             |                 |   |

----