============================================================================

              UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C.  20549-1004


                                  FORM 8-K


                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(D) OF THE
                      SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported)  October 26, 2009
                                                         ----------------


                          REUNION INDUSTRIES, INC.
           ------------------------------------------------------
           (Exact name of registrant as specified in its charter)


        DELAWARE                   01-15739                 06-1439715
----------------------------------------------------------------------------
(State of Incorporation)     (Commission File No.)     (IRS Employer ID No.)


                      11 STANWIX STREET, SUITE 1400
                      PITTSBURGH, PENNSYLVANIA 15222
       ------------------------------------------------------------
       (Address of principal executive offices, including zip code)


                              (412) 281-2111
           ----------------------------------------------------
           (Registrant's telephone number, including area code)


                              NOT APPLICABLE
       -------------------------------------------------------------
       (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

==========================================================================


 Item 8.01 - Other Events

       As previously reported, on November 26, 2007 Reunion Industries, Inc.
("Reunion") filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the District of
Connecticut, Bridgeport Division (the "Bankruptcy Court").   Reunion continues
to operate as "debtor-in-possession" in that proceeding under the jurisdiction
of the Bankruptcy Court and in accordance with the applicable provisions of
the Bankruptcy Code.  Attached to and made a part of this Report is Reunion's
Monthly Operating Report that was filed on September 25, 2009 with the
Bankruptcy Court and the United States Trustee pursuant to Rule 2015 of the
Federal Rules of Bankruptcy Procedure.







                                 SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned, hereunto duly authorized.


Date:  October 26, 2009                       REUNION INDUSTRIES, INC.
       ----------------                             (Registrant)

                                              By: /s/ John M. Froehlich
                                                  ---------------------
                                                    John M. Froehlich
                                                 Executive Vice President
                                                   of Finance and Chief
                                                    Financial Officer







-	2	-

























UNITED STATES BANKRUPTCY COURT
BRIDGEPORT DIVISION - DISTRICT OF CONNECTICUT
MONTHLY OPERATING REPORT


In re REUNION INDUSTRIES, INC.			Case No. 07-50727(AHWS)
      ------------------------                           --------------
							Reporting Period: AUG 2009
										--------
							Federal Tax I.D. # 06-1439715
										 ----------

			CORPORATE MONTHLY OPERATING REPORT


                                                 DOCUMENT  EXPLANATION
REQUIRED DOCUMENTS                 FORM NO.      ATTACHED    ATTACHED
-----------------------------    --------------  --------  ------------
Schedule of Cash Receipts
    and Disbursements               MOR-1           YES        N/A
Bank Reconciliations               	MOR-1(CON'T)    YES        N/A
Statement of Operations             MOR-2           YES        N/A
Balance Sheet                       MOR-3           YES        N/A
Status of Post-petition Taxes       MOR-4           YES        N/A
Summary of Unpaid Post-petition
    Debts                           MOR-4           YES        N/A
Accounts Receivable                 MOR-5           YES        N/A
Taxes Reconciliation & Aging        MOR-5           YES        N/A
Payments -Insiders/Professionals    MOR-6           YES        N/A
Post Petition Status of Secured
    Notes, Leases Payable           MOR-6           YES        N/A
Debtor Questionnaire                MOR-7           YES        N/A


I declare under penalty of perjury (28 U.S.C. Section 1746) that this
report and the attached documents are true and correct to the best of
my knowledge and belief.



Authorized Individual  \s\ JOHN M. FROEHLICH, CFO	Date SEPT 23, 2009
			      -------------------------	     -------------





Authorized individual must be an officer, director or shareholder if
debtor is a corporation.










						- A-1 -







REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 1/4
CASH RECEIPTS AND DISBURSEMENTS
AUGUST 2009
-----------


	Cash - beginning of period excluding                 $  2,086,150

	Plus: Collections on receivables                        1,145,565
	Plus:	Miscellaneous/Titan receipts                        683,250

	Less: Disbursements
	      Net payroll                                         315,951
	      Payroll taxes                                       116,571
	      Titan disbursements                                  27,767
	      Other operating                                   1,387,070
	      Income Tax payments                                       0
		Reorganization:
	            Professional fees                              43,359
	            U.S. Trustee fees - quarterly                       0
	                                                        ---------
	                                  Total                 1,890,718
	                                                        ---------
	Cash - end of period                                  $ 2,024,247
	                                                      ===========































						- A-2 -








REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 2/4
BANK RECONCILIATION
AS OF AUGUST 31, 2009
---------------------






BANK                  			PNC BANK 	PNC BANK	PNC BANK
TYPE                  			OPERATING	PAYROLL		HEALTHCARE
ACCOUNT NUMBER        			2161326	 	2184149		2880718


Balance per books     			$ 108,499 	$(4,064)	$  2,909
                      			=========	=======		========

BANK BALANCE           		$ 149,431	$     0  	$ 18,296
Deposits in transit
Outstanding checks    			  (40,932)	 (4,064)	 (15,387)
Other - explain below
                      			---------	-------		--------

Adj. Bank Balance     			$ 108,499	$(4,064)	$  2,909
                      			=========	========	========

("Adj. Bank Balance" must equal "Balance per books".)



EXPLANATION OF OTHER:
































						- A-3 -






REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 3/4
BANK RECONCILIATION
AS OF AUGUST 31, 2009
---------------------






BANK                 		PNC BANK  	PNC BANK  	PNC BANK
TYPE                 		PENSION	  	COLLATERAL	CARVE-OUT
ACCOUNT NUMBER       		1011567058	1019820572	1019820847


Balance per books     		$      0	$        0	$1,517,107
                      		========	==========	 =========

BANK BALANCE          		$  8,144	$        0	$1,517,107
Deposits in transit
Outstanding checks    		  (8,144)
Other - explain below
                      		--------	----------	 ---------
Adj. Bank Balance     		$      0	$        0	$1,517,107
                      		========	==========	 =========

("Adj. Bank Balance" must equal "Balance per books".)
































						- A-4 -










REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 4/4
BANK RECONCILIATION
AS OF AUGUST 31, 2009
---------------------






BANK				FIFTH THIRD	FIFTH THIRD	 Chase	      Chase
TYPE				OPERATING	  PAYROLL	Operating    Royalty
ACCOUNT NUMBER			7512940417	  1065629	1690008469  1820765236


Balance per books		$ 277,464	$ (28,362)	$ 41,237    $ 109,357
				=========	 ========	 =======     ========

BANK BALANCE 			$ 634,672	$       0	$ 47,353    $ 111,874
Deposits in transit
Outstanding checks		 (357,208)       (28,362)       (6,116)      (2,517)
Other - explain below
				---------	 --------	 -------     --------

Adj. Bank Balance		$ 277,464	$ (28,362)	$ 41,237    $ 109,357
				=========	 ========	 =======     ========

("Adj. Bank Balance" must equal "Balance per books".)


































						- A-5 -







REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 2
INCOME STATEMENT
FOR THE PERIODS INDICATED
-------------------------
($ amounts in thousands)
                                                                 Adjusted
                                                                    Post
                                                      Month of   Petition to
                                                       Aug-09     31-Aug-09
                                                      --------    ---------

Net Sales                                             $  1,157    $ 41,960
Cost of Sales:
      Standard Cost                                        813      30,703
      Variances & Other                                    242       4,827
                                                        ------      ------

      Gross Profit                                         102       6,430

Operating Expenses:
      Marketing                                             43       1,646
      General & Admin                                      233       7,282
                                                        ------     -------

      Operating Profit                                    (174)     (2,498)

Other Income(Expense)                                        3      40,248
Equity in China JV                                          14       1,162
Reorganization exp:
      Professional fees                                               (615)
      U.S. Trustee fees                                      0         (81)
      Adequate Protection Paym't Exp.                        0        (450)
Interest (Expense) - excluding Adequate
      Protection Payments                                   (3)     (4,930)
                                                        ------     -------

      Profit before tax                                   (160)     32,836

Income Tax                                                   0      (1,300)
                                                        ------     -------

      Net Income                                      $   (160)   $ 31,536
                                                       ========   ========



NOTE: Other income(expense) above primarily reflects the gain on
		the sale of the Company's CP Industries division in
		April of 2008.









						- A-6 -








REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 3
COMPARITIVE BALANCE SHEET
AS OF THE PERIODS SHOWN
-----------------------
($ amounts in thousands)

					26-Nov-07		31-Jul-09	31-Aug-09
					---------  		---------	---------
ASSETS:
Cash and Equivalents		$     754		$   2,087	$  2,024
Net Receivables			    7,166		    1,815	   1,804
Net Inventory			   12,369		    2,133	   2,151
Other Current Assets		    3,029		    1,745	   1,769
					  -------		  -------	 -------
		Current		   23,318		    7,780	   7,748

Net Property			    6,300		    3,367	   3,342
Goodwill				   10,994		    1,491	   1,491
CSV policies			    2,200		    1,990	   1,340
Interest in China JV		    3,009		    4,157	   4,171
					  -------		  -------	 -------
		Total			$  45,821		$  18,785	$ 18,092
					=========		=========	========
LIABILITIES & EQUITY:
Current Maturities of Debt	$       0		$       0	$      0
Trade Payables			    3,305		    1,258	     932
Accrued Income Taxes		        0		       11	       9
Accrued Interest			      544		    1,254	   1,219
Customer Deposits			    4,424		        0	       0
Accrued Other			    4,272		    6,642	   6,472
					  -------		  -------	 -------
		Current		   12,545		    9,165	   8,632

Secured Debt and interest	   53,418		        0	       0
Other Liabilities			    3,101		    1,184	   1,184
					  -------		  -------	 -------
		Total Liabilities	   69,064		   10,349	   9,816

Total Equity			  (23,243)		    8,436	   8,276
					  -------		  -------	 -------

		Total			$  45,821		$  18,785	$ 18,092
					=========		=========	========


















						- A-7 -





REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 4				page 1/2
SUMMARY OF UNPAID POST PETITION TAXES AND DEBTS
AS OF AUGUST 31, 2009
---------------------
($ Amounts in 000's)



TAXES:
------
					 	  Beg					   End
						Liability	Accrued	Paid	 Liability
						---------	--------	-----	 ---------
	NON-PAYROLL TAXES:
	Sales					$   0					 $   0
	Excise				$   0					 $   0
	Real Property			$   0					 $   0
	Personal Property			$   0					 $   0



	PAYROLL TAXES - See attached page 2
	-----------------------------------
		Payroll taxes in 2009 are being immediately paid to the
		Company's payroll service company who will pay and file
		the Company's payroll taxes.




DEBTS:
------
					        Days Past Due
					  ---------------------------
                         	Current   0-30    31-60    61-90    Over 91   Total
                         	-------   -----   -----    -----    -------  -------
Payable-excl Professional	$  386    $ 209   $  79    $   0    $ 91     $   765
Wages Payable            	    82                                            82
Taxes Payable            	     0                                             0
Rent-Building            	     0                                             0
Adequate Protect'n Paymts	     0                                             0
Professional Fees        	    14       24      22      107        0        167
Amounts due Insiders     	     0        0       0        0      144        144
                         	 -----     ----    ----     ----     ----       ----
      Total              	$  482    $ 233   $ 101   $  107    $ 235    $ 1,158
                         	======    =====   =====    =====     ====     ======



Explanations:
Wages represent hourly wages earned in August that were paid in September.
Professional fees are due Reid and Riege.
Amounts due insiders represent post petition interest on note and guaranty fees.










						- A-8 -









REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 4	 			page 2/2
FIT/FICA TAX PAYMENTS and FUTA 940 TAX PAYMENTS AND
ALL STATE AND LOCAL WITHHOOLDING TAX AND SUTA PAYMENTS
AUGUST 2009
-----------

DATE
PAID                   HANNA           HQ              TOTAL
----              -----      ------        -----

03                                                        0
04                                                        0
04                                                        0
06                                                        0
07                      9,015                         9,015
10                                                        0
11                                                        0
12                                                        0
13                                                        0
14                     35,833       10,391           46,224
17                                                        0
18                                                        0
19                                                        0
20                                                        0
21                     12,759                        12,759
24                                                        0
25                                                        0
26                                                        0
27                     14,282                        14,282
28                     24,201       10,090           34,291
31                                                        0

                      -------       ------          -------
TOTAL                $ 96,090      $20,481         $116,571
                      =======       ======          =======





































						- A-9 -










REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 5
ACCOUNTS RECEIVABLE AND TAXES AGING
AS OF AUGUST 31, 2009
---------------------
($ Amounts in 000's)




TRADE ACCOUNTS RECEIVABLE RECONCILIATION:
----------------------------------------
		Trade Receivables - beg of month                $ 1,953
		Plus: Invoiced during the month                   1,153
		Less: Amounts collected                          (1,146)
		Less: Credits/Adjustments                           (15)
		                                                -------
		Trade Receivables - end of month                $ 1,945
		                                                =======




ACCOUNTS RECEIVABLE AGINGS:
---------------------------
		0-30                                            $ 1,135
		31-60                                               585
		61-90                                               108
		91+                                                 117
		                                                 ------
		Total	trade receivables                           1,945
		Non-trade receivables                                 0
		Less: Reserve for bad debts                        (141)
		                                                -------
		Net Receivables - per balance sheet             $ 1,804
		                                                 ======


TAXES PAYABLE		                                    $     -
-------------								 ======

		Payroll taxes in 2009 are being immediately paid to the
		Company's payroll service company who will pay and file
		the Company's payroll taxes.






















						- A-10 -



REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 6
PAYMENTS TO INSIDERS and PROFESSIONALS and
STATUS OF SECURED NOTES, LEASES AND ADEQUATE PROTECTION PAYMENTS
AUGUST 2009
-----------
	Of the total disbursements shown on MOR-1, list the amount paid to
	insiders and to professionals.  For payments to insiders, identify
	the type of compensation paid.
								PAID THIS		 TOTAL
					TYPE OF		  PERIOD		 POST
	NAME				PAYM'T		  AMOUNT		PETITION
------------------------	-----------		---------		--------
INSIDERS:
---------
Thomas N. Amonett			Director fees	  $     0		$ 19,500
Charles E. Bradley		Director fees	  $ 9,833		$206,493
Thomas L. Cassidy			Director fees	  $     0		$ 19,500
Thomas Certo			Director fees	  $ 1,500		$ 12,000
David E. Jackson			Director fees	  $ 1,500		$ 31,500
Joseph C. Lawyer			Director fees	  $ 4,625		$ 97,125
John G. Poole			Director fees	  $ 5,000		$105,000
Kimball J. Bradley, CEO		Salary		  $32,627		$685,167
John M. Froehlich, CFO		Salary		  $18,255		$365,100
Thomas J. Vogel, VP		Salary		  $     0		$169,200

PROFESSIONALS:
--------------
											   TOTAL
				DATE OF		    PAID THIS	 TOTAL  INCURRED
				 COURT	 AMOUNT	PERIOD	PAID TO   AND
				 ORDER	APPROVED	AMOUNT	  DATE   UNPAID
				-------	--------  ---------	------- --------

Reid and Riege, PC	11/28/07	$ 846,323 $  43,359	$ 739,551 $106,772



POST PETITION STATUS OF SECURED NOTES,LEASES AND ADEQUATE PROTECTION PAYMENTS:
------------------------------------------------------------------------------


						 MONTHLY	  PAID	  POST
						 PAYM'TS	 DURING	PETITION
	NAME OF CREDITOR			   DUE	  MONTH	 UNPAID
	-------------------------	---------   ---------   ---------
	SECURED NOTES:(Principal in default)
	ADEQUATE PROTECTION PAYMENTS:
	  U.S. Bank, as Trustee		 $      0	$       0 	 $      0


	LEASES
	------
	KWA Properties				 $ 70,198	 $ 70,198	 $      0
	IPC REIT - Stanwix Street Assoc	 $  3,350	 $  3,350	 $      0
	US Bancorp				 $  2,890	 $  2,890	 $      0









						- A-11 -







REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 7
DEBTOR QUESTIONNAIRE
AUGUST 2009
-----------

Must be completed each month.  If the answer to any of the questions
is "Yes", provide a detailed explanation of each item.
Attach additional sheets if necessary.

                                                                 YES    NO
                                                                 ---   ---
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE
    NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?                    X

2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN
    A DEBTOR IN POSSESSION ACCOUNT THIS REPORTING PERIOD?               X

3. IS THE DEBTOR DELINQUENT IN THE TIMELY FILING OF ANY
    POST-PETITION TAX RETURNS?                                          X

4. ARE WORKERS' COMPENSATION, GENERAL LIABLIITY OR OTHER
    NECESSARY INSURANCE COVERAGES EXPIRED OR CANCELLED, OR
    HAS THE DEBTOR RECEIVED NOTICE OF EXPIRATION OR
    CANCELLATION OF SUCH POLICIES?                                      X

5. IS THE DEBTOR DELINQUENT IN PAYING ANY INSURANCE PREMIUM?            X

6. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS
    REPORTING PERIOD?                                                   X

7. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS)
    DUE FROM RELATED PARTIES?                                           X

8. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?                         X

9. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?         X

10.ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?                     X

11.ARE ANY OTHER POSTPETITION TAXES PAST DUE?                           X

12.ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?         X

13.ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?           X

14.ARE ANY WAGE PAYMENTS PAST DUE?                                      X

15.HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR
    FROM ANY PARTY?                                                     X

16.IS THE DEBTOR DELINQUENT IN PAYING ANY U.S. TRUSTEE FEES?            X

17.IS THE DEBTOR DELINQUENT WITH ANY COURT ORDERED PAYMENTS
    TO ATTORNEYS OR OTHER PROFESSIONALS?                                X

18.HAVE THE OWNERS OF SHAREHOLDERS RECEIVED ANY COMPENSATION
    OUTSIDE OF THE NORMAL COURSE OF BUSINESS?                           X

















						- A-12 -
[{"type": "8-K", "sequence": "1", "filename": "faugmor.txt", "description": "FILE", "secsgml_size_bytes": 23594}]
{"company-data": {"conformed-name": "REUNION INDUSTRIES INC", "cik": "0001003429", "assigned-sic": "3089", "irs-number": "061439715", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15739", "film-number": "091136612"}, "business-address": {"street1": "11 STANWIX STREET", "street2": "SUITE 1400", "city": "PITTSBURGH", "state": "PA", "zip": "15222", "phone": "2033248858"}, "mail-address": {"street1": "11 STANWIX STREET", "street2": "SUITE 1400", "city": "PITTSBURGH", "state": "PA", "zip": "15222"}}
============================================================================

              UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C.  20549-1004

                                  FORM 8-K

                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(D) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported)  October 26, 2009
                                                         ----------------

                          REUNION INDUSTRIES, INC.
           ------------------------------------------------------
           (Exact name of registrant as specified in its charter)

        DELAWARE                   01-15739                 06-1439715
----------------------------------------------------------------------------
(State of Incorporation)     (Commission File No.)     (IRS Employer ID No.)

                      11 STANWIX STREET, SUITE 1400
                      PITTSBURGH, PENNSYLVANIA 15222
       ------------------------------------------------------------
       (Address of principal executive offices, including zip code)

                              (412) 281-2111
           ----------------------------------------------------
           (Registrant's telephone number, including area code)

                              NOT APPLICABLE
       -------------------------------------------------------------
       (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

==========================================================================

 Item 8.01 - Other Events

       As previously reported, on November 26, 2007 Reunion Industries, Inc.
("Reunion") filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the District of
Connecticut, Bridgeport Division (the "Bankruptcy Court").   Reunion continues
to operate as "debtor-in-possession" in that proceeding under the jurisdiction
of the Bankruptcy Court and in accordance with the applicable provisions of
the Bankruptcy Code.  Attached to and made a part of this Report is Reunion's
Monthly Operating Report that was filed on September 25, 2009 with the
Bankruptcy Court and the United States Trustee pursuant to Rule 2015 of the
Federal Rules of Bankruptcy Procedure.

                                 SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned, hereunto duly authorized.

Date:  October 26, 2009                       REUNION INDUSTRIES, INC.
       ----------------                             (Registrant)

                                              By: /s/ John M. Froehlich
                                                  ---------------------
                                                    John M. Froehlich
                                                 Executive Vice President
                                                   of Finance and Chief
                                                    Financial Officer

-	2	-

UNITED STATES BANKRUPTCY COURT
BRIDGEPORT DIVISION - DISTRICT OF CONNECTICUT
MONTHLY OPERATING REPORT

In re REUNION INDUSTRIES, INC.			Case No. 07-50727(AHWS)
      ------------------------                           --------------
							Reporting Period: AUG 2009
										--------
							Federal Tax I.D. # 06-1439715
										 ----------

			CORPORATE MONTHLY OPERATING REPORT

                                                 DOCUMENT  EXPLANATION
REQUIRED DOCUMENTS                 FORM NO.      ATTACHED    ATTACHED
-----------------------------    --------------  --------  ------------
Schedule of Cash Receipts
    and Disbursements               MOR-1           YES        N/A
Bank Reconciliations               	MOR-1(CON'T)    YES        N/A
Statement of Operations             MOR-2           YES        N/A
Balance Sheet                       MOR-3           YES        N/A
Status of Post-petition Taxes       MOR-4           YES        N/A
Summary of Unpaid Post-petition
    Debts                           MOR-4           YES        N/A
Accounts Receivable                 MOR-5           YES        N/A
Taxes Reconciliation & Aging        MOR-5           YES        N/A
Payments -Insiders/Professionals    MOR-6           YES        N/A
Post Petition Status of Secured
    Notes, Leases Payable           MOR-6           YES        N/A
Debtor Questionnaire                MOR-7           YES        N/A

I declare under penalty of perjury (28 U.S.C. Section 1746) that this
report and the attached documents are true and correct to the best of
my knowledge and belief.

Authorized Individual  \s\ JOHN M. FROEHLICH, CFO	Date SEPT 23, 2009
			      -------------------------	     -------------

Authorized individual must be an officer, director or shareholder if
debtor is a corporation.

						- A-1 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 1/4
CASH RECEIPTS AND DISBURSEMENTS
AUGUST 2009
-----------

	Cash - beginning of period excluding                 $  2,086,150

	Plus: Collections on receivables                        1,145,565
	Plus:	Miscellaneous/Titan receipts                        683,250

	Less: Disbursements
	      Net payroll                                         315,951
	      Payroll taxes                                       116,571
	      Titan disbursements                                  27,767
	      Other operating                                   1,387,070
	      Income Tax payments                                       0
		Reorganization:
	            Professional fees                              43,359
	            U.S. Trustee fees - quarterly                       0
	                                                        ---------
	                                  Total                 1,890,718
	                                                        ---------
	Cash - end of period                                  $ 2,024,247
	                                                      ===========

						- A-2 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 2/4
BANK RECONCILIATION
AS OF AUGUST 31, 2009
---------------------

BANK                  			PNC BANK 	PNC BANK	PNC BANK
TYPE                  			OPERATING	PAYROLL		HEALTHCARE
ACCOUNT NUMBER        			2161326	 	2184149		2880718

Balance per books     			$ 108,499 	$(4,064)	$  2,909
                      			=========	=======		========

BANK BALANCE           		$ 149,431	$     0  	$ 18,296
Deposits in transit
Outstanding checks    			  (40,932)	 (4,064)	 (15,387)
Other - explain below
                      			---------	-------		--------

Adj. Bank Balance     			$ 108,499	$(4,064)	$  2,909
                      			=========	========	========

("Adj. Bank Balance" must equal "Balance per books".)

EXPLANATION OF OTHER:

						- A-3 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 3/4
BANK RECONCILIATION
AS OF AUGUST 31, 2009
---------------------

BANK                 		PNC BANK  	PNC BANK  	PNC BANK
TYPE                 		PENSION	  	COLLATERAL	CARVE-OUT
ACCOUNT NUMBER       		1011567058	1019820572	1019820847

Balance per books     		$      0	$        0	$1,517,107
                      		========	==========	 =========

BANK BALANCE          		$  8,144	$        0	$1,517,107
Deposits in transit
Outstanding checks    		  (8,144)
Other - explain below
                      		--------	----------	 ---------
Adj. Bank Balance     		$      0	$        0	$1,517,107
                      		========	==========	 =========

("Adj. Bank Balance" must equal "Balance per books".)

						- A-4 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1			      page 4/4
BANK RECONCILIATION
AS OF AUGUST 31, 2009
---------------------

BANK				FIFTH THIRD	FIFTH THIRD	 Chase	      Chase
TYPE				OPERATING	  PAYROLL	Operating    Royalty
ACCOUNT NUMBER			7512940417	  1065629	1690008469  1820765236

Balance per books		$ 277,464	$ (28,362)	$ 41,237    $ 109,357
				=========	 ========	 =======     ========

BANK BALANCE 			$ 634,672	$       0	$ 47,353    $ 111,874
Deposits in transit
Outstanding checks		 (357,208)       (28,362)       (6,116)      (2,517)
Other - explain below
				---------	 --------	 -------     --------

Adj. Bank Balance		$ 277,464	$ (28,362)	$ 41,237    $ 109,357
				=========	 ========	 =======     ========

("Adj. Bank Balance" must equal "Balance per books".)

						- A-5 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 2
INCOME STATEMENT
FOR THE PERIODS INDICATED
-------------------------
($ amounts in thousands)
                                                                 Adjusted
                                                                    Post
                                                      Month of   Petition to
                                                       Aug-09     31-Aug-09
                                                      --------    ---------

Net Sales                                             $  1,157    $ 41,960
Cost of Sales:
      Standard Cost                                        813      30,703
      Variances & Other                                    242       4,827
                                                        ------      ------

      Gross Profit                                         102       6,430

Operating Expenses:
      Marketing                                             43       1,646
      General & Admin                                      233       7,282
                                                        ------     -------

      Operating Profit                                    (174)     (2,498)

Other Income(Expense)                                        3      40,248
Equity in China JV                                          14       1,162
Reorganization exp:
      Professional fees                                               (615)
      U.S. Trustee fees                                      0         (81)
      Adequate Protection Paym't Exp.                        0        (450)
Interest (Expense) - excluding Adequate
      Protection Payments                                   (3)     (4,930)
                                                        ------     -------

      Profit before tax                                   (160)     32,836

Income Tax                                                   0      (1,300)
                                                        ------     -------

      Net Income                                      $   (160)   $ 31,536
                                                       ========   ========

NOTE: Other income(expense) above primarily reflects the gain on
		the sale of the Company's CP Industries division in
		April of 2008.

						- A-6 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 3
COMPARITIVE BALANCE SHEET
AS OF THE PERIODS SHOWN
-----------------------
($ amounts in thousands)

					26-Nov-07		31-Jul-09	31-Aug-09
					---------  		---------	---------
ASSETS:
Cash and Equivalents		$     754		$   2,087	$  2,024
Net Receivables			    7,166		    1,815	   1,804
Net Inventory			   12,369		    2,133	   2,151
Other Current Assets		    3,029		    1,745	   1,769
					  -------		  -------	 -------
		Current		   23,318		    7,780	   7,748

Net Property			    6,300		    3,367	   3,342
Goodwill				   10,994		    1,491	   1,491
CSV policies			    2,200		    1,990	   1,340
Interest in China JV		    3,009		    4,157	   4,171
					  -------		  -------	 -------
		Total			$  45,821		$  18,785	$ 18,092
					=========		=========	========
LIABILITIES & EQUITY:
Current Maturities of Debt	$       0		$       0	$      0
Trade Payables			    3,305		    1,258	     932
Accrued Income Taxes		        0		       11	       9
Accrued Interest			      544		    1,254	   1,219
Customer Deposits			    4,424		        0	       0
Accrued Other			    4,272		    6,642	   6,472
					  -------		  -------	 -------
		Current		   12,545		    9,165	   8,632

Secured Debt and interest	   53,418		        0	       0
Other Liabilities			    3,101		    1,184	   1,184
					  -------		  -------	 -------
		Total Liabilities	   69,064		   10,349	   9,816

Total Equity			  (23,243)		    8,436	   8,276
					  -------		  -------	 -------

		Total			$  45,821		$  18,785	$ 18,092
					=========		=========	========

						- A-7 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 4				page 1/2
SUMMARY OF UNPAID POST PETITION TAXES AND DEBTS
AS OF AUGUST 31, 2009
---------------------
($ Amounts in 000's)

TAXES:
------
					 	  Beg					   End
						Liability	Accrued	Paid	 Liability
						---------	--------	-----	 ---------
	NON-PAYROLL TAXES:
	Sales					$   0					 $   0
	Excise				$   0					 $   0
	Real Property			$   0					 $   0
	Personal Property			$   0					 $   0

	PAYROLL TAXES - See attached page 2
	-----------------------------------
		Payroll taxes in 2009 are being immediately paid to the
		Company's payroll service company who will pay and file
		the Company's payroll taxes.

DEBTS:
------
					        Days Past Due
					  ---------------------------
                         	Current   0-30    31-60    61-90    Over 91   Total
                         	-------   -----   -----    -----    -------  -------
Payable-excl Professional	$  386    $ 209   $  79    $   0    $ 91     $   765
Wages Payable            	    82                                            82
Taxes Payable            	     0                                             0
Rent-Building            	     0                                             0
Adequate Protect'n Paymts	     0                                             0
Professional Fees        	    14       24      22      107        0        167
Amounts due Insiders     	     0        0       0        0      144        144
                         	 -----     ----    ----     ----     ----       ----
      Total              	$  482    $ 233   $ 101   $  107    $ 235    $ 1,158
                         	======    =====   =====    =====     ====     ======

Explanations:
Wages represent hourly wages earned in August that were paid in September.
Professional fees are due Reid and Riege.
Amounts due insiders represent post petition interest on note and guaranty fees.

						- A-8 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 4	 			page 2/2
FIT/FICA TAX PAYMENTS and FUTA 940 TAX PAYMENTS AND
ALL STATE AND LOCAL WITHHOOLDING TAX AND SUTA PAYMENTS
AUGUST 2009
-----------

DATE
PAID                   HANNA           HQ              TOTAL
----              -----      ------        -----

03                                                        0
04                                                        0
04                                                        0
06                                                        0
07                      9,015                         9,015
10                                                        0
11                                                        0
12                                                        0
13                                                        0
14                     35,833       10,391           46,224
17                                                        0
18                                                        0
19                                                        0
20                                                        0
21                     12,759                        12,759
24                                                        0
25                                                        0
26                                                        0
27                     14,282                        14,282
28                     24,201       10,090           34,291
31                                                        0

                      -------       ------          -------
TOTAL                $ 96,090      $20,481         $116,571
                      =======       ======          =======

						- A-9 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 5
ACCOUNTS RECEIVABLE AND TAXES AGING
AS OF AUGUST 31, 2009
---------------------
($ Amounts in 000's)

TRADE ACCOUNTS RECEIVABLE RECONCILIATION:
----------------------------------------
		Trade Receivables - beg of month                $ 1,953
		Plus: Invoiced during the month                   1,153
		Less: Amounts collected                          (1,146)
		Less: Credits/Adjustments                           (15)
		                                                -------
		Trade Receivables - end of month                $ 1,945
		                                                =======

ACCOUNTS RECEIVABLE AGINGS:
---------------------------
		0-30                                            $ 1,135
		31-60                                               585
		61-90                                               108
		91+                                                 117
		                                                 ------
		Total	trade receivables                           1,945
		Non-trade receivables                                 0
		Less: Reserve for bad debts                        (141)
		                                                -------
		Net Receivables - per balance sheet             $ 1,804
		                                                 ======

TAXES PAYABLE		                                    $     -
-------------								 ======

		Payroll taxes in 2009 are being immediately paid to the
		Company's payroll service company who will pay and file
		the Company's payroll taxes.

						- A-10 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 6
PAYMENTS TO INSIDERS and PROFESSIONALS and
STATUS OF SECURED NOTES, LEASES AND ADEQUATE PROTECTION PAYMENTS
AUGUST 2009
-----------
	Of the total disbursements shown on MOR-1, list the amount paid to
	insiders and to professionals.  For payments to insiders, identify
	the type of compensation paid.
								PAID THIS		 TOTAL
					TYPE OF		  PERIOD		 POST
	NAME				PAYM'T		  AMOUNT		PETITION
------------------------	-----------		---------		--------
INSIDERS:
---------
Thomas N. Amonett			Director fees	  $     0		$ 19,500
Charles E. Bradley		Director fees	  $ 9,833		$206,493
Thomas L. Cassidy			Director fees	  $     0		$ 19,500
Thomas Certo			Director fees	  $ 1,500		$ 12,000
David E. Jackson			Director fees	  $ 1,500		$ 31,500
Joseph C. Lawyer			Director fees	  $ 4,625		$ 97,125
John G. Poole			Director fees	  $ 5,000		$105,000
Kimball J. Bradley, CEO		Salary		  $32,627		$685,167
John M. Froehlich, CFO		Salary		  $18,255		$365,100
Thomas J. Vogel, VP		Salary		  $     0		$169,200

PROFESSIONALS:
--------------
											   TOTAL
				DATE OF		    PAID THIS	 TOTAL  INCURRED
				 COURT	 AMOUNT	PERIOD	PAID TO   AND
				 ORDER	APPROVED	AMOUNT	  DATE   UNPAID
				-------	--------  ---------	------- --------

Reid and Riege, PC	11/28/07	$ 846,323 $  43,359	$ 739,551 $106,772

POST PETITION STATUS OF SECURED NOTES,LEASES AND ADEQUATE PROTECTION PAYMENTS:
------------------------------------------------------------------------------

						 MONTHLY	  PAID	  POST
						 PAYM'TS	 DURING	PETITION
	NAME OF CREDITOR			   DUE	  MONTH	 UNPAID
	-------------------------	---------   ---------   ---------
	SECURED NOTES:(Principal in default)
	ADEQUATE PROTECTION PAYMENTS:
	  U.S. Bank, as Trustee		 $      0	$       0 	 $      0

	LEASES
	------
	KWA Properties				 $ 70,198	 $ 70,198	 $      0
	IPC REIT - Stanwix Street Assoc	 $  3,350	 $  3,350	 $      0
	US Bancorp				 $  2,890	 $  2,890	 $      0

						- A-11 -

REUNION INDUSTRIES, INC.				CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 7
DEBTOR QUESTIONNAIRE
AUGUST 2009
-----------

Must be completed each month.  If the answer to any of the questions
is "Yes", provide a detailed explanation of each item.
Attach additional sheets if necessary.

                                                                 YES    NO
                                                                 ---   ---
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE
    NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?                    X

2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN
    A DEBTOR IN POSSESSION ACCOUNT THIS REPORTING PERIOD?               X

3. IS THE DEBTOR DELINQUENT IN THE TIMELY FILING OF ANY
    POST-PETITION TAX RETURNS?                                          X

4. ARE WORKERS' COMPENSATION, GENERAL LIABLIITY OR OTHER
    NECESSARY INSURANCE COVERAGES EXPIRED OR CANCELLED, OR
    HAS THE DEBTOR RECEIVED NOTICE OF EXPIRATION OR
    CANCELLATION OF SUCH POLICIES?                                      X

5. IS THE DEBTOR DELINQUENT IN PAYING ANY INSURANCE PREMIUM?            X

6. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS
    REPORTING PERIOD?                                                   X

7. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS)
    DUE FROM RELATED PARTIES?                                           X

8. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?                         X

9. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?         X

10.ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?                     X

11.ARE ANY OTHER POSTPETITION TAXES PAST DUE?                           X

12.ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?         X

13.ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?           X

14.ARE ANY WAGE PAYMENTS PAST DUE?                                      X

15.HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR
    FROM ANY PARTY?                                                     X

16.IS THE DEBTOR DELINQUENT IN PAYING ANY U.S. TRUSTEE FEES?            X

17.IS THE DEBTOR DELINQUENT WITH ANY COURT ORDERED PAYMENTS
    TO ATTORNEYS OR OTHER PROFESSIONALS?                                X

18.HAVE THE OWNERS OF SHAREHOLDERS RECEIVED ANY COMPENSATION
    OUTSIDE OF THE NORMAL COURSE OF BUSINESS?                           X

						- A-12 -