Friedman Industries is a Texas-based manufacturer and processor of metals operating two core segments: flat-roll products and tubular products. The flat-roll segment operates multiple processing facilities across the central and southeastern United States equipped with temper mills, cut-to-length lines, and leveling equipment, which process and cut sheet, plate, and coil materials to customer specifications, generating revenue from sales of company-owned inventory and fees for processing or storing customer-owned materials. The tubular segment operates two electric resistance welded pipe mills producing API-licensed line pipe, oil country pipe, and structural pipe sold nationally. The company serves approximately 1,240 customers total—roughly 1,160 in flat-roll (primarily metals distributors and manufacturers of metal buildings, railcars, heavy equipment, and fabricated metal products) and about 80 in tubular (mainly steel and pipe distributors)—competing on price, product quality meeting specifications, and rapid delivery capabilities in a non-seasonal, highly competitive industry.