AMEX, FRD - Friedman Industries Inc
Friedman Industries, Incorporated (the ?Company?), a Texas corporation
incorporated in 1965, is engaged in steel processing, pipe manufacturing and
processing and steel and pipe distribution.
The Company has two product groups: coil and tubular products. Significant
financial information relating to the Company?s product groups for the last
three years is contained in Note 7 of the Consolidated Financial Statements
included in the Company?s Annual Report to Shareholders for the fiscal year
ended March 31, 2007, which financial statements are incorporated herein by
reference in Item 8 hereof.
Coil Products
The Company purchases hot-rolled steel coils, processes the coils into flat,
finished sheet and plate and sells these products on a wholesale, rapid-delivery
basis in competition with steel mills, importers and steel service centers. The
Company also processes customer-owned coils on a fee basis. ...
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