FRIEDMAN INDUSTRIES INC
SC 13G/A, 2000-02-09
STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS
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<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 20)*


                        FRIEDMAN INDUSTRIES, INCORPORATED
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                          COMMON STOCK, $1.00 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   358435 10 5
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                                DECEMBER 31, 1999
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


     Check the appropriate box to designate the rule pursuant to which this
     Schedule is filed:

          [ ] Rule 13d-1(b)
          [ ] Rule 13d-1(c)
          [X] Rule 13d-1(d)


     *The remainder of this cover page shall be filled out for a reporting
     person's initial filing on this form with respect to the subject class of
     securities, and for any subsequent amendment containing information which
     would alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
     deemed to be "filed" for the purpose of Section 18 of the Securities
     Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
     that section of the Act but shall be subject to all other provisions of the
     Act (however, see the Notes).


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CUSIP NO. 358435 10 5                  13 G                    Page 2 of 4 Pages




- --------------------------------------------------------------------------------
1    NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

     HAROLD FRIEDMAN
- --------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a) [ ]

                                                                 (b) [ ]
- --------------------------------------------------------------------------------
3    SEC USE ONLY


- --------------------------------------------------------------------------------
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     USA
- --------------------------------------------------------------------------------
                        5    SOLE VOTING POWER

    NUMBER OF                1,208,493 SHARES
      SHARES            --------------------------------------------------------
   BENEFICIALLY         6    SHARED VOTING POWER
      OWNED
     BY EACH                 NOT APPLICABLE
    REPORTING           --------------------------------------------------------
      PERSON            7    SOLE DISPOSITIVE POWER
       WITH
                             1,208,493 SHARES
                        --------------------------------------------------------
                        8    SHARED DISPOSITIVE POWER

                             NOT APPLICABLE
- --------------------------------------------------------------------------------
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,208,493 SHARES
- --------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

     NOT APPLICABLE
- --------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     16.8%
- --------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON*

     IN
- --------------------------------------------------------------------------------
*    See Instructions



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HAROLD FRIEDMAN                                                PAGE 3 OF 4 PAGES


Item 1.        (a) Name of Issuer: Friedman Industries, Incorporated

               (b) Address of Issuer's Principal Executive Offices:
                   4001 Homestead Road
                   Houston, Texas 77028

Item 2.        (a) Name of Person Filing: Harold Friedman

               (b) Address of Principal Business Office or, if none, Residence:
                   4001 Homestead Road
                   Houston, Texas 77028

               (c) Citizenship: USA


               (d) Title of Class of Securities: Common Stock, $1.00 par value


               (e) CUSIP No.: 358435 10 5

Item 3.        Not Applicable

Item 4.        (a) Amount Beneficially Owned: 1,208,493 shares

               (b) Percent of Class: 16.8%

               (c) Number of Shares as to Which Such Person Has:

                    (i)       Sole Power to Vote or to Direct the Vote:
                              1,208,493 shares

                    (ii)      Shared Power to Vote or to Direct the Vote: Not
                              Applicable

                    (iii)     Sole Power to Dispose or to Direct the Disposition
                              of: 1,208,493 shares

                    (iv)      Shared Power to Dispose of or to Direct the
                              Disposition of: Not Applicable

Item 5.        Not Applicable

Item 6.        Not Applicable

Item 7.        Not Applicable

Item 8.        Not Applicable

Item 9.        Not Applicable

Item 10.       Not Applicable



<PAGE>   4



HAROLD FRIEDMAN                                                PAGE 4 OF 4 PAGES


                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                                   February 1, 2000
                                      ------------------------------------------
                                                         Date


                                                  /s/ HAROLD FRIEDMAN
                                      ------------------------------------------
                                                    Harold Friedman


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