Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two products: coil and tubular products. The Company purchases hot-rolled steel coils, processes the coils into flat, finished sheet and plate and sells these products on a wholesale, delivery basis. The Company owns and operates two coil processing facilities located in Hickman, Arkansas and Decatur, Alabama. Each facility operates a cut-to-length line and a steel temper mill. The cut-to-length lines are designed to level the steel and cut the material to prescribed lengths. The steel temper mills are designed for the flatness of the steel. The Company manufactures, purchases, processes and markets tubular products through its Texas Tubular Products Division (TTP). TTP operates two pipe mills. Pipe mills manufacture line and oil country pipe and also manufacture pipe for structural and piling purposes.