WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from (a) 1995
Annual Report to Shareholders.
</LEGEND>
<CIK> 0000039092
<NAME> FRIEDMAN INDUSTRIES, INCORPORATED
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1995
<PERIOD-START>                             APR-01-1994
<PERIOD-END>                               MAR-31-1995
<EXCHANGE-RATE>                                      1
<CASH>                                         664,527
<SECURITIES>                                         0
<RECEIVABLES>                                8,670,636
<ALLOWANCES>                                         0
<INVENTORY>                                 16,558,774
<CURRENT-ASSETS>                            25,956,555
<PP&E>                                      14,114,775
<DEPRECIATION>                               8,699,581
<TOTAL-ASSETS>                              32,074,862
<CURRENT-LIABILITIES>                        5,816,334
<BONDS>                                      7,000,000
<COMMON>                                     5,554,858
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  13,167,923
<TOTAL-LIABILITY-AND-EQUITY>                32,074,862
<SALES>                                     97,968,805
<TOTAL-REVENUES>                            97,968,805
<CGS>                                       90,701,372
<TOTAL-COSTS>                               93,929,018
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             399,098
<INCOME-PRETAX>                              3,724,442
<INCOME-TAX>                                 1,266,310
<INCOME-CONTINUING>                          2,458,132
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,458,132
<EPS-PRIMARY>                                      .42
<EPS-DILUTED>                                      .42