Market Segment
August 19, 2025
Written by Laura Miller
Zekelman Industries has shifted the leadership of its executive team with two internal promotions.
On Tuesday, the Chicago-based pipe and tube manufacturer announced Jeff Cole as its new chief operating officer. And succeeding him as president of Atlas Tube will be Chris Hoyt.
The plate market squeeze has undoubtedly been driven by improved demand backed by heightened import barriers, including 50% Section 232 tariffs.
Metalformers’ optimism softened in the Precision Metalforming Association (PMA) September Business Conditions Report.
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.