Martin Marietta Materials confirmed a definitive agreement to acquire Lhoist North America, a deal valued at $13.5 billion including debt, effectively consolidating a major portion of the limestone supply chain. The sector also saw a boost from Owens Corning; shares of the fiberglass insulation manufacturer jumped after the company disclosed that it had received additional unsolicited takeover interest following its own recent $10 billion acquisition move.

While market activity suggests growth, operational pressures persist for heavy industry. A new report from the Steel Manufacturers Association highlights that surging electricity demand from data centers is forcing power costs upward for steel producers, creating a complex backdrop for manufacturers balancing expansion with rising utility overheads.