Friedman Industries

What Friedman Industries does

Friedman Industries, Inc. is a publicly traded US steel processor (NASDAQ: FRD) founded in 1965 and headquartered in Longview, Texas. The company operates two divisions: a Flat Roll Division consisting of seven coil processing facilities providing temper passing, stretcher levelling, slitting, and cut-to-length services across HRC, CRC, coated, pre-painted, and stainless steel plus non-ferrous items; and a Tubular Division (Texas Tubular Products) operating two API-licensed electric resistance welded (ERW) pipe mills in Lone Star, Texas that manufacture API 5L Line Pipe (X52), API J55 OCTG, ASTM A53B, and ASTM A500B pipe in outside diameters from 2 3/8" to 8 5/8".

The business model is hardware sales of processed flat roll steel and tubular products, supplemented by toll processing services for customer-owned materials and ancillary services such as lacquering, bundling, and FBE coating. Pricing is quote-based and not publicly disclosed; sales are conducted through regional sales representatives reachable via website quote requests and direct phone lines. The company serves a horizontal mix of industrial customers — railcar manufacturers, metal building and container producers, metal fabricators and laser-cutting operations, metals service centers, truck and trailer builders, heavy equipment makers, energy storage and tank manufacturers, pipeline and oilfield operators, HVAC and refrigeration OEMs, power generation, and aluminum extrusion — with a sales-led, direct B2B go-to-market.

The company's strategy has been facility-led expansion: organic build-outs of the Hickman (1994), Decatur (2008), and Sinton (2022) coil processing facilities; doubling of tubular capacity with the second pipe mill in 2003; and acquisitions of the East Chicago and Granite City facilities from Plateplus, Inc. in 2022 and Century Metals & Supplies Inc. in 2025. CEO and President Michael J. Taylor, appointed in 2019, has overseen both of those acquisitions. The company's competitive position rests on the geographic placement of its eight facilities near major steel mills and multimodal transportation, its API licensing for tubular products, and the capital intensity of its processing equipment.

Name

Friedman Industries

Legal name

Friedman Industries, Inc.

Website

https://friedmanindustries.com

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

101–250 employees

Short description

Friedman Industries is a publicly traded US steel processor (NASDAQ: FRD) operating seven flat roll coil processing facilities and two API-licensed ERW pipe mills, selling processed carbon and stainless steel plus tubular products to industrial manufacturers and metals service centers.

Ownership category

akta.pro rank

Product category

Steel Processing and Manufacturing

SIC

Steel Pipe & Tubes (3317)

akta.pro primary industry

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)

akta.pro secondary industries

Cold Rolling & Finishing (Cold-Rolled Coil/Sheet, Temper, Skin Pass) (IMAKABAF), Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)

Keywords

• Steel coil processing
• Flat roll steel
• ERW pipe manufacturing
• Steel toll processing
• Tubular steel products

Headquarters

HQ city

Blytheville

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Flat Roll Steel Products and Processing: Sale of flat roll steel products (HRC, CRC, Coated, Pre-painted, Stainless) and toll processing services including temper passing, stretcher levelling, slitting, and cut-to-length. Products range from 16 gauge to 1 inch thickness and 36 to 96 inches width.
2. Tubular Steel Products: Manufacture and sale of API 5L Line Pipe, ASTM A53B Pipe, and ASTM A500B Pipe through the Texas Tubular Products division. Products include API X52 Line Pipe, API J55 OCTG, and ASTM A500B Pipe.
3. Processing Services: Toll processing services for customers who provide their own material. Additional services include lacquering and bundling for tubular products, and FBE coating available adjacent to pipe mill.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Friedman Industries operates two core divisions: the Flat Roll Division, which runs seven coil processing facilities providing temper passing, stretcher levelling, slitting, and cut-to-length services for hot-rolled, cold-rolled, coated, pre-painted, and stainless steel along with non-ferrous items; and the Tubular Division (Texas Tubular Products), which runs two API-licensed electric resistance welded (ERW) pipe mills producing API 5L Line Pipe, ASTM A53B Pipe, API J55 OCTG, and ASTM A500B Pipe. The company also offers toll processing for customer-owned materials.

Product overview

Friedman Industries operates two main divisions: the Flat Roll Division with seven coil processing facilities offering temper passing, stretcher levelling, slitting, and cut-to-length services for various steel types; and the Tubular Division operating as Texas Tubular Products with two ERW pipe mills producing line pipe and structural pipe products. The company also provides toll processing services for customer-owned materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Flat Roll Division

Quantifiable outcome

• GHG emissions intensity of approximately 0.495 mtCO2e/100 tons of steel processed
• +1 more outcomes

Segments15 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Worthington Enterprises (formerly Worthington Industries): Major US steel processor with extensive coil processing, slitting, cut-to-length, and value-added capabilities across multiple facilities. Direct competitor in flat-rolled steel processing and toll processing services for industrial customers.
• Olympic Steel: US-based metals service center and steel processor operating multiple facilities offering slitting, cut-to-length, and processing for carbon, stainless, and aluminum flat-rolled products. Comparable horizontal market approach serving similar fabricator and OEM customers.
• O'Neal Steel: Privately held US metals service center with nationwide processing facilities offering cut-to-length, slitting, and plate processing for industrial customers. Direct comparable in product mix and customer base.
• Steel Technologies LLC: Flat-rolled steel processor with multiple US facilities providing blanking, slitting, cut-to-length, and other value-added processing. Operates as a steel service center serving similar automotive, appliance, and industrial end markets.
• Commercial Metals Company: Vertically integrated steel manufacturer and rebar fabricator with US processing and distribution operations. Competes with Friedman in flat-rolled and structural steel processing, particularly for construction end markets.
• Webco Industries: US manufacturer of carbon and stainless steel tubing and pipe, including ERW pipe products. Direct competitor in tubular steel markets with overlapping certifications and customer segments in energy, construction, and mechanical applications.
• Samuel, Son & Co. North American metals service center and processor with extensive processing capabilities including slitting, cut-to-length, and plate processing. Serves similar industrial customer base across multiple geographies.

Broad incumbents

• Nucor Corporation: Largest US steel producer with vertically integrated operations including steel mills, joists, deck, and value-added processing. While not a direct service center competitor, Nucor is a major upstream supplier of HRC and competes for downstream processing business.
• Steel Dynamics (SDI): Major US flat-rolled steel producer operating the SDI Southwest Sinton mill where Friedman's Sinton facility is co-located. SDI is both a key supplier of HRC feedstock and a competitor in flat-rolled steel markets, giving them implicit pricing leverage over Friedman's processing economics.
• EVRAZ North America (now Rocky Mountain Steel / JSW Steel USA): Producer of steel pipe and tubular products including line pipe and OCTG. Competes directly with Friedman's Texas Tubular Products division in API-certified pipe markets serving energy customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Friedman Industries