Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company's two product groups include coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale. It sells coil products and processing services to customers. Its customers include steel distributors and customers fabricating steel products, such as storage tanks, steel buildings, farm machinery and equipment, construction equipment, transportation equipment, conveyors and other similar products. Through its Texas Tubular Products Division (TTP), it manufactures, purchases, processes and markets tubular products. TTP employs pipes processing equipment, including beveling machines, pipe handling equipment and other related machinery. Its customers include steel and pipe distributors, piling contractors and U.S. Steel Tubular Products, Inc.