Friedman Industries, Inc. (NASDAQ: FRD) is an American steel mini‐mill company specializing in the production of merchant bar products from recycled scrap metal. The company’s core business includes the manufacture and sale of reinforcing bar (rebar), wire rod and other merchant bar items used predominantly in the construction, infrastructure and industrial fabrication sectors. By operating electric arc furnace facilities, Friedman Industries leverages efficient scrap‐based steelmaking processes to serve customers seeking domestically produced, value‐oriented steel products.
Since its founding by the Friedman family in 1949, Friedman Industries has strategically expanded its footprint to meet regional demand across the United States. The company operates three production facilities located in Corpus Christi, Texas; Warren, Ohio; and Hamilton, Alabama. These mills are equipped with state‐of‐the‐art rolling mills and finishing equipment capable of producing a broad size range of bar products that comply with ASTM and other industry specifications. With a focus on customer responsiveness, the company’s geographic diversity helps mitigate local market fluctuations and provides timely deliveries to construction contractors, distributors and fabricators nationwide.
Friedman Industries’ product slate includes deformed reinforcing bar in various grades and sizes, smooth merchant bar for industrial applications and coiled wire rod for bending and fabrication. The company also offers cut‐to‐length services, custom packaging and just‐in‐time delivery programs designed to optimize project efficiency and inventory management for its customers. Emphasizing sustainability, Friedman Industries recycles millions of tons of scrap steel annually, contributing to reduced carbon emissions and resource conservation compared with traditional blast‐furnace production methods.
Governed by a board of directors that includes members of the founding Friedman family alongside seasoned industry executives, the company is led by Frank G. Friedman as Chairman and William O. Friedman as Chief Executive Officer. Under their stewardship, Friedman Industries continues to invest in operational upgrades, technology enhancements and safety programs to strengthen its competitive position in the steel merchant bar market. The company’s long history, family‐centered leadership and commitment to efficient scrap‐based production underscore its role as a dependable supplier for the American construction and industrial sectors.
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