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☑ ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K Annual report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the fiscal year ended March 31 , 2021 Transition report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the transition period from to Texas Commission File No. 1-7521 FRIEDMAN INDUSTRIES , INCORPORATED ( Exact name of registrant as specified in its charter ) ( State or other jurisdiction of incorporation or organization ) 1121 Judson Road Suite 124 , Longview , TX ( Address of principal executive offices ) 74-1504405 ( I.R.S. Employer Identification No. ) 75601 ( Zip Code ) Registrant's telephone number , including area code : ( 903 ) 758-3431 Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol Title of each class Common Stock , $ 1 Par Value FRD Securities registered pursuant to Section 12 ( g ) of the Act : Name of each exchange on which registered NYSE American None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes □ No ☑ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes □ No ☑ Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes ☑ No □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes ☑ No □ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S - K ( §229.405 ) is not contained herein , and will not be contained , to the best of registrant's knowledge , in definitive proxy or information statements incorporated by reference in Part III of this Form 10 - K or any amendment to this Form 10 - K . ☑ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , smaller reporting company or an emerging growth company . See the definitions of “ large accelerated filer ” , “ accelerated filer ” , “ smaller reporting company ” and “ emerging growth company ” in Rule 12b - 2 of the Exchange Act . Large accelerated filer ☐ Accelerated filer ☐ Emerging growth company □ Non - accelerated filer ☑ Smaller reporting company ☑ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) .