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FRD - Friedman Industries Inc.


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Friedman Industries, Incorporated, headquartered in Longview, Texas, is a multifaceted company deeply entrenched in the steel industry within the United States. Since its inception in 1965, the company has established itself across two primary segments: Coil and Tubular. The Coil segment specializes in converting steel coils into flat sheet and plate steel tailored to customer specifications, alongside reselling steel coils and offering processing services for customer-owned coils on a fee basis. Serving approximately 230 customers predominantly in the midwestern, southwestern, and southeastern regions of the U.S., Friedman Industries caters primarily to steel distributors and manufacturers producing a wide array of steel-based products, including steel buildings, railroad cars, barges, tanks, trailers, and fabricated steel components.

In addition to its Coil operations, Friedman Industries operates a Tubular segment dedicated to manufacturing line pipes, oil country pipes, and pipes for structural applications. These tubular products are marketed directly to steel and pipe distributors through the company's robust sales force, highlighting its strategic approach to serving diverse sectors within the steel market. With a commitment to quality manufacturing and customer-centric solutions, Friedman Industries continues to play a pivotal role in supplying essential steel products that support various industries across the nation.

Driven by decades of industry expertise and a proactive market approach, Friedman Industries leverages its comprehensive capabilities in steel processing, manufacturing, and distribution to meet the evolving needs of its customer base. The company remains focused on enhancing operational efficiencies and expanding its market reach while maintaining its reputation for reliability and quality in the competitive steel sector.

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Stock Sector: Metals and Mining: Steel and Iron

 

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