I need advice on whether or not a material I am thinking of using would be appropriate for the job. I need to make some pins for a Powerlifting combo rack. I am thinking about using ETD 150. Would that material be sufficient for the job?

This is the part

This is the material I am thinking of using: https://www.onealsteel.com/alloy-steel-bar-cd-etd-150.html

This is where the part is on the rack,

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This is the rack itself,

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The main gray tube is 2.5x2.5 .125 wall mild steel and the adjustable black tube is 2x2 .125 wall mild steel.

Thank you for any help. I really appreciate it.