<SEC-DOCUMENT>0002011184-24-000002.txt : 20240212
<SEC-HEADER>0002011184-24-000002.hdr.sgml : 20240212
<ACCEPTANCE-DATETIME>20240212081442
ACCESSION NUMBER:		0002011184-24-000002
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240212

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRIEDMAN INDUSTRIES INC
		CENTRAL INDEX KEY:			0000039092
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				741504405
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-17968
		FILM NUMBER:		24617449

	BUSINESS ADDRESS:	
		STREET 1:		1121 JUDSON RD
		STREET 2:		SUITE 124
		CITY:			LONGVIEW
		STATE:			TX
		ZIP:			75601
		BUSINESS PHONE:		9037583431

	MAIL ADDRESS:	
		STREET 1:		PO BOX 2192
		CITY:			LONGVIEW
		STATE:			TX
		ZIP:			75606

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			De Lisle Partners LLP
		CENTRAL INDEX KEY:			0002011184
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		3 FIRS LANE
		CITY:			POOLE
		STATE:			X0
		ZIP:			BH148JG
		BUSINESS PHONE:		00441202972288

	MAIL ADDRESS:	
		STREET 1:		3 FIRS LANE
		CITY:			POOLE
		STATE:			X0
		ZIP:			BH148JG
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002011184</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2023</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000039092</issuerCik>
        <issuerName>FRIEDMAN INDUSTRIES INC</issuerName>
        <issuerCusip>358435105</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1121 JUDSON RD</com:street1>
          <com:street2>SUITE 124</com:street2>
          <com:city>LONGVIEW</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>75601</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>De Lisle Partners LLP</reportingPersonName>
      <citizenshipOrOrganization>X0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>408127.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>408127.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>408127.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>5.5</classPercent>
      <typeOfReportingPerson>FI</typeOfReportingPerson>
      <comments>Institutional Investment Manager</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>FRIEDMAN INDUSTRIES INC</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1121 JUDSON RD, SUITE 124, LONGVIEW, TEXAS, 75601.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>De Lisle Partners LLP</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>3 Firs Lane
Poole
BH14 8JG
United Kingdom</principalBusinessOfficeOrResidenceAddress>
        <citizenship>United Kingdom</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>FI</typeOfPersonFiling>
        <otherTypeOfPersonFiling>Institutional Investment Manager</otherTypeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>408,127</amountBeneficiallyOwned>
        <classPercent>5.53</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>408,127</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0.00</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>408,127</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0.00</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>De Lisle Partners LLP is the appointed Investment Manager of the VT De Lisle America Fund ("the Fund") on behalf of Valu-Trac Investment Management Limited which is authorised in the United Kingdom and regulated by the Financial Conduct Authority.
Both the Fund and De Lisle Partners LLP are also authorised in the United Kingdom and regulated by the Financial Conduct Authority: FRN426336.
The Fund is an Open Ended Investment Company and is the beneficiary of any dividends and/or proceeds of sale of the securities. De Lisle Partners LLP undertakes relevant management of the holding on behalf of the investors in the Fund.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to A non-US instutional investment manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>De Lisle Partners LLP</reportingPersonName>
      <signatureDetails>
        <signature>Richard de Lisle</signature>
        <title>CEO</title>
        <date>02/09/2024</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
