SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K

X    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
     ACT OF 1934 (Fee required) For The Fiscal Year Ended September 30, 1996
                                                        OR
__   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
     EXCHANGE ACT OF 1934 (No fee required)
     For the transition period from _____________ to ______________

     COMMISSION FILE NUMBER 1-10651
                            MAVERICK TUBE CORPORATION
             (Exact name of Registrant as specified in its charter)

DELAWARE                                                            43-1455766
(State of Jurisdiction of                                       (I.R.S. Employer
incorporation or organization)                               Identification No.)

400 Chesterfield Center, Second Floor
Chesterfield, Missouri                                                   63017
(Address of principal executive offices)                              (Zip Code)

(314) 537-1314
(Registrant's telephone number, including area code)

Securities Registered Pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:  Common Stock, 
                                                             par value $.01 
                                                             per share

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 XX No


The aggregate  market value of the 6,653,591  shares of Common Stock held by non
affiliates  of the  Registrant as of December 12, 1996 was  $84,833,285  based
upon the closing price as reported on the NASDAQ  National  Market on that date.
As of December 12, 1996,  the  Registrant had  outstanding  7,472,071  shares of
Common Stock.




<TABLE>
<CAPTION>





                    MAVERICK TUBE CORPORATION AND SUBSIDIARY

                                      INDEX
<S>               <C>

PART I.

Item 1.           BUSINESS

Item 2.           PROPERTIES

Item 3.           LEGAL PROCEEDINGS

Item 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Item 4 A.         EXECUTIVE OFFICERS OF THE REGISTRANT

PART II.

Item 5.           MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
                     STOCKHOLDER MATTERS

Item 6.           SELECTED FINANCIAL DATA

Item 7.           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                     AND RESULTS OF OPERATIONS

Item 8.           FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Item 9.           CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
                     ACCOUNTING AND FINANCIAL DISCLOSURE

PART III.

Item 10.          DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Item 11.          EXECUTIVE COMPENSATION

Item 12.          SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                     MANAGEMENT

Item 13.          CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

PART IV.

Item 14.          EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON
                     FORM 8-K

                  SIGNATURES

                  EXHIBIT INDEX


</TABLE>


This Form 10-K contains certain forward-looking statements within the meaning of
the federal securities laws which,  while reflective of management's  beliefs or
expectations,  involve certain risks and uncertainties, many of which are beyond
the control of the Company.  Accordingly,  the Company's  actual results and the
timing of certain events could differ  materially from those  discussed  herein.
Factors that could cause or contribute to such differences  include, but are not
limited  to, oil and gas price  volatility  , steel price  volatility  and those
other factors discussed in the Sections  captioned  "Business" and "Management's
Discussion and Analysis of Financial  Condition and Results of  Operations"  and
those risk factors discussed in Exhibit 99.1 hereto.


                                     PART I

ITEM I

BUSINESS

General

Maverick  Tube  Corporation   (together  with  its  subsidiary,   Maverick  Tube
International,  Inc.),  ("Maverick"  or  the  "Company")  manufactures  electric
resistance  welded  ("ERW")  pipe used in the energy  industry  for drilling and
production  applications  ("oil country  tubular goods" or "OCTG") and line pipe
for surface  handling and  transportation  of oil and natural gas. OCTG and line
pipe products are produced through both ERW and seamless processes, and ERW pipe
is generally a lower priced,  comparable quality alternative to seamless pipe in
many  applications.  The  Company  believes  it is one of the  leading  domestic
producers of OCTG products.

In October  1994,  the Company  expanded  its  manufacturing  capabilities  into
structural  tubing and now sells both structural  tubing (shapes and rounds) and
standard  pipe.   Structural  tubing  is  ERW  products  used  predominately  in
construction,  transportation,  agricultural, material handling and recreational
applications.  Standard  pipe,  as in OCTG,  are  produced  through both ERW and
seamless  processes,  with the  significant  majority  of  producers  being ERW.
Standard pipe is generally used in various industrial applications.

For  information  with  regard to total  revenue,  operating  profit or loss and
identifiable  assets  attributable to each of the energy and industrial  product
segments,  see  footnote  9 of  the  footnotes  to  the  consolidated  financial
statements  on page 23 of the  Annual  Report,  portions  of which  are filed as
Exhibit 13.

The Energy Pipe Industry

OCTG  products are  finished  pipe which are used in  drilling,  completion  and
production applications in the energy industry. The domestic consumption of OCTG
products  depends on several factors,  the most significant  being the number of
oil and natural gas wells being drilled. In addition, OCTG production tubing may
be periodically  replaced during the life of a producing well. OCTG  consumption
is satisfied by domestic production, imports and draw-downs of inventories owned
by manufacturers, distributors and end users.

A significant factor affecting the market for production of OCTG products is the
level of industry inventories maintained by manufacturers,  distributors and end
users.  For calendar year 1994,  part of the 1993 inventory build was liquidated
resulting  in OCTG  market  penetration  of 6%. For  calendar  year  1995,  this
inventory  liquidation  continued at a decreasing  rate with a resulting  market
penetration  of only  0.1%.  For the  nine  months  ended  September  30,  1996,
increasing  industry  inventory  levels  added 5% in OCTG  demand.  Despite this
build,The  Company  believes  that  inventory  levels at September 30, 1996 were
close to the lowest level per rig observed during the same period.

OCTG products are produced in numerous sizes, weights,  grades and end finishes.
The Company believes that most OCTG products are produced to American  Petroleum
Institute ("API")  specifications.  In addition, the Company and other producers
manufacture pipe in certain custom or proprietary grades. The grade of pipe used
in a particular  application  depends on technical  requirements  for  strength,
corrosion  resistance  and  other  performance  qualities.   OCTG  products  are
generally  classified  into  groupings  of "carbon" and "alloy"  grades.  Carbon
grades of OCTG  (strength  levels of 75,000  pounds per square inch or less) are
generally  used in oil and natural gas wells drilled to depths of  approximately
8,000 to 11,000 feet. Alloy grades of OCTG (strength levels of 75,000 pounds per
square inch or more) are generally  used in oil and natural gas wells drilled to
depths in excess of 11,000 feet.

Carbon  and  alloy  grades  of OCTG  products  are  available  from both ERW and
seamless  producers.  ERW pipe is produced by processing  flat rolled steel into
strips  which  are  cold-formed,   welded,  heat-treated  or  seam-annealed  and
end-finished  with  threads and  couplings.  Seamless  products  are produced by
individually  heating and piercing  solid steel  billets into pipe.  The Company
believes the seamless  manufacturing  process involves higher costs than the ERW
process and that, as a result,  seamless  products are  generally  priced higher
than comparable ERW products.

Based  on  published  industry  statistics,  ERW  products,  which  did not have
significant  market  penetration  prior  to  the  mid-1970's,  now  account  for
approximately  forty-eight  percent of the  tonnage of  domestic  OCTG  products
consumed annually. The Company believes ERW products have captured a significant
majority of the carbon  grade OCTG  market,  while  seamless  products  retain a
significant  majority of the alloy grade OCTG market.  The Company believes that
further market  penetration  of ERW products will depend upon  increased  market
acceptance  of ERW  products  and  technological  advances  in the  types of raw
materials and equipment utilized in the ERW manufacturing process.

Line pipe, which is used for surface  transmission of oil, natural gas and other
fluids,  is produced  principally by companies with capabilities to produce OCTG
products  and is produced in both ERW and seamless  form.  Line pipe markets are
dependent not only on the factors which  influence the OCTG market,  but also on
the  level  of  pipe  line   construction   activity,   line  pipe   replacement
requirements,  new residential construction and utility purchasing programs. The
Company  shipped  30,112 tons of line pipe in fiscal 1996, as compared to 41,458
tons and 50,832  tons of line pipe in fiscal 1995 and 1994,  respectively.  This
decreased  focus by the Company on the line pipe market in the past year was due
to limited steel availability and lack of Company manufacturing  capacity as the
it concentrated on the improving OCTG demand.

Products

The Company  produces both OCTG products and line pipe products.  Prior to 1994,
OCTG products  constituted  approximately 90% of the Company's net sales. During
fiscal 1994, that percentage decreased to 77% as the Company sold more line pipe
than in the previous years. During fiscal 1995, this percentage decreased to 58%
primarily because of the Company's entry into the structural tube market. During
fiscal 1996, the percentage was 65% due to the improving OCTG demand.

The Company's OCTG products include production  tubing,  which is used to convey
oil and natural gas to the surface of a well,  production casing,  which is used
to line a newly  completed  well, and surface  casing,  which is used to protect
water-bearing formations during the drilling of a well. Generally,  deeper wells
drilled to depths  greater  than 14,000 feet  require  products  that  presently
cannot be made by the  Company's  ERW process.  Line pipe  products are used for
surface production flow lines, gathering systems and pipeline transportation and
distribution systems for oil, natural gas and other fluids. The Company's energy
products meet API or other proprietary standards. The Company's proprietary OCTG
and line  pipe  products  are  generally  designed  to be  utilized  in  similar
applications  as products  meeting API standards  and are  engineered to provide
performance  features comparable to products meeting API standards.  The Company
warrants  its API  casing  and  tubing  to be free of  defects  in  material  or
workmanship in accordance  with applicable API  specifications  and warrants its
proprietary  grade  products  against  defects in accordance  with the Company's
standards  which are disclosed to customers in connection with their purchase of
such products. The Company has not incurred significant costs in connection with
this warranty. The Company maintains insurance coverage against potential claims
in an amount which it believes to be adequate.

The  Company  manufactures  finished  products  in either  carbon or alloy steel
grades.  Virtually  all  of  the  Company's  products  are  fully  completed  or
"end-finished"  at the  Company's  facilities,  in  contrast  to  certain of the
Company's competitors which do not end-finish their products or which end-finish
their products at different locations, thus adding to their freight and handling
costs. The end-finish  process includes,  as appropriate,  upsetting,  beveling,
threading,  pressure  testing and the  application  of couplings.  The Company's
fully  finished  OCTG  products  are ready to be installed in oil or natural gas
wells. By end-finishing its products, the Company is better able to control both
quality  and  cost.  Both of the  Company's  facilities  provide  heat-treatment
capabilities  necessary for the  production  of alloy grade pipe.  The Company's
alloy grade  tubing and casing  products  accounted  for 27%, 23% and 24% of net
sales in fiscal 1996, 1995 and 1994, respectively.

Marketing

The Company sells its products primarily throughout the United States and Canada
to numerous  distributors which resell the pipe to major and independent oil and
natural gas  production,  gathering  and pipeline  companies.  During the fiscal
years ended September 30, 1996, 1995 and 1994,  sales by the Company to Canadian
customers   constituted   $12.9  million,   $12.1  million  and  $15.0  million,
respectively.  Sales to other  foreign  customers in fiscal 1996,  1995 and 1994
made up an  additional  $300,000,  $900,000,  and  $900,000,  respectively.  The
Company's  marketing  philosophy  emphasizes  delivering   competitively  priced
quality  products and  providing a high level of service to its  customers.  The
Company maintains  inventories of finished goods which are housed at both of its
production facilities and at field locations close to areas of drilling activity
which  allows the  Company to provide  timely  delivery of its  products.  As of
September  30,  1996,   1995  and  1994,  the  Company's   backlog  orders  were
approximately $49.4 million, $20.4 million and $23.4 million,  respectively. All
of the backlog  orders as of  September  30,  1996 are  expected to be filled in
fiscal 1997. The Company's  backlog orders as of any particular  date may not be
indicative  of the Company's  actual  operating  results for any fiscal  period.
There can be no  assurance  that the amount of backlog  at any  particular  date
ultimately will be realized.


Raw Materials

All steel purchases are made centrally at the Company's headquarters in order to
optimize the Company's ability to influence pricing,  quality,  availability and
delivery  considerations.  The Company  consumes  approximately  2% of the total
amount of hot rolled steel  produced  annually in the United States and believes
it is generally considered to be a significant  purchaser by its suppliers.  The
Company presently purchases substantially all of its steel from several domestic
suppliers,  with virtually all of the Arkansas  facilities'  steel purchases and
approximately 60% of consolidated purchases are made from Nucor Corporation. The
Company maintains  favorable working  relationships with its steel suppliers and
believes that is it treated  favorably  with respect to volume  allocations  and
deliveries.  To date, the Company has not experienced any significant disruption
in its supply of raw materials.

Manufacturing

The  Company  manufactures  OCTG and line pipe  products  at its  facilities  in
Conroe, Texas and Hickman, Arkansas. The facilities are strategically located to
serve the energy  markets in the United  States.  The  Company  can produce at a
maximum  rate of  approximately  435,000  tons of pipe per year.  The Company is
currently  operating its facilities at a capacity  utilization of  approximately
75%.  Substantially  all of the  Company's  products  are  finished  on site for
immediate drilling, production or line pipe applications.

In order to control its  manufacturing  costs,  the Company attempts to maximize
production  yields from purchased  steel and reduce unit labor costs.  Purchased
steel  represents  approximately  70% of the Company's cost of goods sold. Labor
costs are  controlled  by  automation  of certain  activities  and by optimizing
product  throughput.  For fiscal 1996, direct and indirect labor costs accounted
for  approximately  9% of the cost of  goods  sold.  The  Company  maintains  an
innovative  compensation plan at both of its manufacturing  facilities,  whereby
employees receive quarterly bonuses for superior productivity,  cost savings and
margin improvements.  In addition, some employees are eligible to receive annual
profitability  bonuses  based  upon the  Company's  consolidated  earnings.  The
maximum achievable incentives and bonuses range from 15% to 65% of an employee's
annual pre-incentive, pre-bonus gross wages.

During  fiscal 1996,  the Company  spent $3.8 million on new capital  equipment,
excluding  equipment  for  its  new  structural  tube  facility.  These  capital
expenditures are expected to result in  manufacturing  cost savings and expanded
production capabilities.

Competition

The market for OCTG and line pipe  products is highly  competitive.  The Company
believes  that the  principal  competitive  factors  affecting  its business are
price,  quality,  delivery,  availability  and service.  The Company believes it
enjoys an excellent  reputation for quality  products and  outstanding  customer
service.  The Company  competes  with  approximately  nine domestic and numerous
foreign  producers  of OCTG  products,  some of  which  have  greater  financial
resources  than the  Company.  The  Company's  more  significant  ERW pipe  OCTG
competitors  are Lone Star Steel Co.,  Newport  Steel Co.  and  Belleville  Tube
Corporation  and its more  significant  seamless pipe OCTG  competitors  include
United  States  Steel  Corporation,  North  Star  Steel Co.  and C F & I Limited
Partnership.  The Company also  competes in the line pipe market  against  these
same competitors, and with foreign producers of OCTG products, most of which are
units of large  foreign steel makers.  During  calendar year 1994,  1995 and the
first nine  months of 1996,  domestic  OCTG  market  penetration  by imports was
21.4%, 11.6% and 11.9%, respectively, of tons consumed.


The Structural Tube and Standard Pipe Industry

Structural   tubing   products   are  used  in   construction,   transportation,
agricultural,  material  handling and  recreational  applications.  The uses for
structural  tubing include  handrails,  building  columns,  walkway  components,
bridge frames,  recreational vehicle frameworks,  boat trailers,  farm implement
components,  tillage equipment,  storage rack systems, conveying systems support
and  exercise  equipment.  Demand  for  structural  tubing  is  believed  to  be
influenced  primarily  by the level of general  economic  activity in the United
States.  In addition,  structural  tubing is an attractive  alternative to other
structural steel forms, such as I-beams and H-beams, because tubing products can
offer strength and other product characteristics similar to beams, but with less
steel content, resulting in lower costs to the end user in certain applications.

The Company  believes that  domestic  consumption  of  structural  tubing during
calendar 1995, 1994 and 1993 was 1.5 million,  1.4 million and 1.4 million tons,
respectively.  Based on published industry statistics, the Company believes that
the types of structural tubing products it is capable of manufacturing  accounts
for more than 85% of the  domestic  tonnage of all types of domestic  structural
tubing products consumed annually.

Standard pipe products are used in industrial applications such as steam, water,
air and gas  lines,  and  plumbing  and  heating.  Demand for  standard  pipe is
believed to be influenced primarily by the level of general economic activity in
the United States. In recent years, standard pipe has faced new competition from
plastic pipe in certain applications.

The Company believes that domestic  consumption of standard pipe during calendar
1995,  1994  and  1993 was 2.6  million,  2.3  million,  and 2.1  million  tons,
respectively.  Based on published industry statistics, the Company believes that
the types of  standard  products  it is capable of  manufacturing  accounts  for
approximately 30% of the domestic tonnage of all types of domestic standard pipe
products consumed annually.

Products

The Company is currently  producing  structural  tubing  square and  rectangular
shaped products on two tubing mills in the new Hickman,  Arkansas facility.  The
larger mill is utilized to manufacture  pipe up to 8 inch square and up to 0.500
inch thick, and the smaller mill is utilized to manufacture pipe of up to 3 inch
square and up to 0.250 inch thick. The Company is currently producing structural
round tubing products and standard pipe at its two energy  facilities in Conroe,
Texas and Hickman,  Arkansas.  Because of the large number of  applications  for
structural  tubing and standard pipe, the number of different  structural tubing
and standard pipe products  produced for the market is considerably  larger than
that  produced  for the OCTG  market.  The  Company  expects to produce  square,
rectangular and round structural  tubing at its facilities in sizes ranging from
one and one half to eight inch square (and the  equivalent  sizes in rectangular
and round  tubing)  and in  thicknesses  of 0.120 to 0.500  inches.  The  annual
capacity of the structural tubing mills is approximately  200,000 tons, although
the Company does not intend to fully  utilize this  capacity in the near future.
The  Company  is  currently   operating  the  structural   tubing   facility  at
approximately 45% of capacity.

Marketing

The structural tubing and standard pipe markets are somewhat regional in nature,
primarily because order sizes are smaller and lead time requirements are shorter
than for OCTG products.  In contrast to many producers of structural  tubing and
standard pipe who sell to both distributors and their large end-user  customers,
the Company sells its structural tubing and standard pipe products  primarily to
distributors.  As in the case of OCTG products, the Company's marketing strategy
emphasizes delivering competitively priced quality products and providing a high
level of service to its  customers.  As  indicated  above,  the  application  of
structural  tubing and standard pipe products is diverse,  and a short lead time
is required  for  customer  satisfaction.  Consequently,  the Company  maintains
inventory  levels  comparable  to those  for OCTG  products  (in terms of months
supply),  but such finished  goods  inventory will consist of a larger number of
stock keeping units than in the case of OCTG.  The Company is utilizing  several
experienced  agency firms in its sales  efforts.  As of September 30, 1996,  the
Company's backlog orders was approximately $6 million. All of the backlog orders
as of September 30, 1996 are expected to be filled in fiscal 1997. The Company's
backlog orders as of any particular  date may not be indicative of the Company's
actual operating  results for any fiscal period.  There can be no assurance that
the amount of backlog at any given time ultimately will be realized.

Manufacturing

The  manufacturing  process for structural  tubing and standard pipe products is
similar to the process of manufacturing  plain-end OCTG products.  The machinery
and equipment used for the manufacture of structural  tubing products is similar
to equipment used for the  manufacture of OCTG products.  Structural  tubing and
standard pipe is not,  however,  subject to the same degree of tolerances as are
OCTG products,  which results in lower  production costs relating to testing and
inspection than for OCTG products. Moreover,  structural tubing does not require
end finishing,  flash  elimination  from the welding  process or seam annealing.
Because less finishing is required of structural  tubing products as compared to
OCTG,  the  average  cost per ton to  convert  steel into  structural  tubing is
significantly  less than OCTG.  Unlike  OCTG  products,  all  structural  tubing
products are ERW.

Consistent  with its  manufacturing  strategy for OCTG  production,  the Company
intends to become a low-cost,  high-volume producer of quality structural tubing
and standard pipe  products.  The Company  believes that the  application of its
efficient  manufacturing  process developed for the production of OCTG products,
the labor costs at its Arkansas  facility and the strategic  location of the new
facility  provides a  conversion  cost  advantage  relative  to the  majority of
existing structural tubing and standard pipe manufacturers.

During  fiscal 1996,  the Company  spent  approximately  $894,000 on  additional
equipment needed for manufacturing and information needs.

Competition

Although a significant market for structural tubing is located within a 400 mile
radius  of the new  facility,  no other  major  structural  tubing  facility  is
currently located within this area. Foreign competition,  primarily from Canada,
represented 29% and 23% of total domestic sales of structural tubing in calendar
1995 and 1994.  The  Company  competes  primarily  against  approximately  seven
domestic and numerous foreign producers of structural tubing. The Company's more
significant  structural tube competitors are Leavitt Tube Company,  Inc., Welded
Tube Corporation of America, Copperweld and Bull Moose Tube Corporation.

A significant market for standard pipe also exists.  Foreign competition has had
a large presence in the standard pipe market despite earlier  progress on unfair
trade cases. Foreign competition represented  approximately 29% and 50% of total
domestic  sales of standard pipe in calendar 1995 and 1994.  The Company's  more
significant domestic competitors are Wheatland Tube Company, Armco, Inc. Sawhill
Tubular Division and Laclede Steel Company.

Employees

As of September 30, 1996, the Company had approximately  867 employees,  of whom
approximately 20% were salaried and approximately 80% were employed on an hourly
basis.  None of the Company's  employees are represented by a union. The Company
considers its employee relations to be excellent.



















ITEM 2

PROPERTIES

The  Company  leases  approximately  17,000  square  feet  of  office  space  in
Chesterfield,  Missouri  for its  executive  offices  pursuant  to a lease which
expires in August 1999.  The Company owns a 21,000  square foot office  facility
located on a 14 acre site in Union,  Missouri which is leased to an unaffiliated
third-party.  The  Company's  113 acre site in Hickman,  Arkansas  includes  two
buildings  with  approximately  300,000  square foot of OCTG  manufacturing  and
storage  space,  utilizing 55 acres.  The 285,000  square feet  structural  tube
manufacturing   plant  is  located  adjacent  to  the  existing  OCTG  facility.
Approximately 120,000 square feet of this facility is utilized for manufacturing
with the  remainder  used for  inventory  and  material  storage  and  shipping.
Approximately 40 acres remain in Hickman,  Arkansas for future  expansion.  Both
facilities are leased with purchase options  exercisable on the expiration dates
of the leases. The expiration dates are August 1, 2007 for the OCTG facility and
February 1, 2004 for the  structural  tube  facility.  The Company also owns 117
acres and a 208,000 square foot manufacturing facility located in Conroe, Texas.
Of the 117 acres,  approximately 50 acres are used for manufacturing and storage
and 67 acres are available for future  expansion.  Each  manufacturing  facility
operated by the Company is served by truck,  has its own rail spur and is within
close proximity of barge facilities.

The Company  believes  the  facilities  are in good  condition , are  adequately
insured and are adequate and suitable for its planned level of operations.

ITEM 3

LEGAL PROCEEDINGS

From time to time the  Company is  involved  in  litigation  relating  to claims
arising out of its operations in the normal course of its business.  The Company
maintains  insurance  coverage  against  potential  claims in an amount which it
believes to be adequate.  The Company  believes that it is not presently a party
to any  litigation in which the outcome would have a material  adverse effect on
its business or it operations.

The  Company is  subject  to  federal,  state and local  environmental  laws and
regulations  concerning  among  other  things,  waste  water  disposal  and  air
emissions.  The  Company  believes  it  is  currently  in  compliance  with  all
applicable environmental regulations.

ITEM 4

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted during the fourth quarter of fiscal 1996 covered
by  this  Report  to a vote  of  the  Company's  security  holders  through  the
solicitation of proxies or otherwise.













ITEM 4A
<TABLE>

                      EXECUTIVE OFFICERS OF THE REGISTRANT

<CAPTION>
Name                       Age                    Title
<S>                        <C>                    <C>


Gregg Eisenberg            46                     Chairman of the Board President and
                                                     Chief Executive Officer
Charles O. Struckhoff      47                     Vice President - Finance and Administration, Treasurer,
                                                     Secretary and Chief Financial Officer
Sudhakar Kanthamneni       49                     Vice President - Manufacturing and Technology
T. Scott Evans             49                     Vice President - Commercial Operations
</TABLE>

Set forth below are descriptions of the backgrounds of the executive officers of
the Company and their principal occupations for the last five years:

Mr.  Eisenberg has served as Chairman of the Board since February,  1996. He has
served as President, Chief Executive Officer and a director of the Company since
1988.  He is a former  director and past  chairman of the  Committee on Pipe and
Tube Imports.

Mr.  Struckhoff  has served as Vice President - Finance and  Administration  and
Chief  Financial  Officer  since  November  1993 and as Secretary of the Company
since  1988.  From 1988 to November  1993,  Mr.  Struckhoff  also served as Vice
President - Administration of the Company.

Mr. Kanthamneni has served as Vice President - Manufacturing and Technology
of the Company since August 1992. From May 1991 to August 1992, Mr.  Kanthamneni
served as the Company's Vice President -  Manufacturing.  From 1988 to May 1991,
Mr. Kanthamneni served as Vice President - Engineering of the Company. 

Mr.  Evans has served as Vice  President  -  Commercial  Operations  of the
Company since  September 1992. From May 1991 to September 1992, Mr. Evans served
as the  Company's  Vice  President - Sales.  From January 1990 to May 1991,  Mr.
Evans served as Vice President - Marketing of the Company.  From 1988 to January
1990, Mr. Evans served as General Sales Manager of the Company.

















                                                      PART II

ITEM 5

MARKET FOR THE COMPANY'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market for the  Company's  Common Equity and Related  Stockholder  Matters is on
page 28 of the annual  shareholders report for the year ended September 30, 1996
portions of which are filed as Exhibit 13.

ITEM 6

SELECTED FINANCIAL DATA

Selected Financial Data is on page 27 of the annual  shareholders report for the
year ended September 30, 1996 portions of which are filed as Exhibit 13.

ITEM 7

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS 
OF OPERATIONS

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations is on pages 12 through 16 of the annual  shareholders  report for the
year ended September 30, 1996 portions of which are filed as Exhibit 13.

ITEM 8

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The consolidated  financial statements included is on pages 17 through 25 of the
annual  shareholders  report for the year ended  September  30, 1996 portions of
which are filed as Exhibit 13.

ITEM 9

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL 
DISCLOSURES

None.
















                                                     PART III

ITEM 10

DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

The information required by Item 10 in incorporated herein by reference from the
Registrant's  proxy  statement  which is being  filed  with the  Securities  and
Exchange  Commission  within 120 days of the end of the Registrant's most recent
fiscal year. Also See Part I, Item 4A hereof.

ITEM 11

EXECUTIVE COMPENSATION

The information required by Item 11 is incorporated herein by reference from the
Registrant's  proxy  statement  which is being  filed  with the  Securities  and
Exchange  Commission  within 120 days of the end of the Registrant's most recent
fiscal year.

ITEM 12

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The information required by Item 12 is incorporated herein by reference from the
Registrant's  proxy  statement  which is being  filed  with the  Securities  and
Exchange  Commission  within 120 days of the end of the Registrant's most recent
fiscal year.


ITEM 13

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The information required by Item 13 is incorporated herein by reference from the
Registrant's  proxy  statement  which is being  filed  with the  Securities  and
Exchange  Commission  within 120 days of the end of the Registrant's most recent
fiscal year.




















                                                      PART IV
ITEM 14

EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

a.       1.   Financial Statements
              The following  consolidated  financial statements of Maverick Tube
               Corporation and Subsidiary,  included in the annual report of the
               Registrant to its shareholders for the year
               ended September 30, 1996, are incorporated herein by reference 
               in Item 8:
                           Report of Independent Auditors.
                           Consolidated Balance Sheets as of September 30, 1996 
                              and 1995.
                           Consolidated Statements of Operations for the years 
                              ended September 30, 1996, 1995 and 1994.
                           Consolidated  Statements of Stockholders'  Equity for
                              the years ended September 30, 1996, 1995 and 1994.
                           Consolidated  Statements  of Cash Flows for the years
                              ended September 30, 1996, 1995 and 1994.
                           Notes  to  Consolidated  Financial  Statements  as of
                              September 30, 1996.

         2.   Financial Statement Schedules
              The  following   consolidated   financial  statement  schedule  of
              Maverick Tube  Corporation  and subsidiary is included with the 
              annual report on Form 10-K:
                           Schedule          II   Valuation    and    qualifying
                                             accounts   for  the   years   ended
                                             September 30, 1994, 1995 and 1996.
              All other  schedules for which provision is made in the applicable
              accounting  regulation of the Securities  and Exchange  Commission
              are  not   required   under  the  related   instructions   or  are
              inapplicable, and therefore have been omitted.

         3.   Exhibits:
                           See Exhibit Index.
                           The following is a list of each  management  contract
                           or  compensatory  plan or arrangement  required to be
                           filed as an exhibit to this Annual Report on Form
                            10-K pursuant to Item 14(c) of this Report:
                           Maverick Tube Corporation Amended and Restated 1990 
                              Stock Option Plan
                           Maverick Tube Corporation Savings for Retirement Plan
                              as revised on January 1, 1993
                           Amended Maverick Tube Corporation 1994 Stock Option 
                              Plan
                           Amended Maverick Tube Corporation 1994 Director Stock
                              Option Plan
                           Form of Severance Agreement with Executive Officers

b.       Reports on 8-K:
                           No Reports  of Form 8-K were filed  during the fourth
                           quarter  of  the   Registrant's   fiscal  year  ended
                           September 30, 1996




<TABLE>


                            Maverick Tube Corporation
                                 and Subsidiary

                 Schedule II - Valuation and Qualifying Accounts
                                 (In thousands)

<CAPTION>

                                                                Additions
                                                       -----------------------------
                                           Balance at    Charged to     Charged
                                           beginning      cost and      to other     Deductions     Balance at
Classification                              of year       expenses      accounts      describe     end of year
-----------------------------------------------------------------------------------------------------------------
<S>                                        <C>            <C>            <C>         <C>             <C> 


Year ended September 30, 1994: 
     Deducted from asset accounts:
          Accounts receivable allowances    $ 310         $  44          $  --        $ 101 (1)      $  253
          Valuation allowance for deferred
             taxes                         $1,824(2)      $  --          $  --        $ 181 (3)      $1,643

Year ended September 30, 1995: 
     Deducted from asset accounts:
          Accounts receivable allowances    $ 253         $  53          $  --        $  --          $  306
          Valuation allowance for deferred
             taxes                         $1,643         $  --          $  --       $1,094 (4)      $2,737

Year ended September 30, 1996: 
     Deducted from asset accounts:
          Accounts receivable allowances    $ 306          $339          $ 109         $125 (1)       $ 629
          Valuation allowance for deferred
             taxes                         $2,737          $ --           $ --       $1,590 (3)      $1,147
<FN>





(1)    Uncollectible accounts written off, net of recoveries.

(2)    Resulted from the adoption of SFAS No. 109 "Accounting for Income Taxes" 
       at October 1, 1993.

(3)    Resulted from the utilization of additional net operating loss carry-
       forwards.

(4)    Resulted from an additional net operating loss carryforward generated for
       the current year which was not valued for financial statement purposes.
</FN>
</TABLE>









SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the Company has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized on December 12, 1996.


                                                 Maverick Tube Corporation
                                                       (registrant)


December 12, 1996                              /s/ Gregg M. Eisenberg
                                          -------------------------------
                                            Gregg M. Eisenberg, President
                                            Chief Executive Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been  signed  on behalf  of the  Company  by the  following  persons  in the
capacities on the dates indicated.


December 12,1996                               /s/ Gregg M. Eisenberg
                                            ----------------------------------
                                            Gregg M. Eisenberg, Director, 
                                            President and Chief Executive 
                                            Officer

December 12, 1996                              /s/ Charles O. Struckhoff
                                           -----------------------------------
                                            Charles O. Struckhoff, Vice 
                                            President Finance and Administration
                                            (Principal Financial and Accounting 
                                            Officer)


December 12, 1996                              /s/ William E. Macaulay
                                            --------------------------------
                                            William E. Macaulay, Director



December 12, 1996                              /s/ John A. Hill
                                            -------------------------
                                            John A. Hill, Director


December 12, 1996                              /s/ C. Robert Bunch
                                            ----------------------------
                                            C. Robert Bunch, Director


December 12, 1996                              /s/ C. Adams Moore
                                            ---------------------------
                                            C. Adams Moore, Director


December 12, 1996                              /s/ David H. Kennedy
                                            -----------------------------
                                            David H. Kennedy, Director