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Procedures for Submissions by Certain Steel and Aluminum Producers Committing to New U.S. Steel or Aluminum Production To Obtain Tariff Adjustments Under Proclamation 10984

ITA noticeTariff cut or exemptionFederal Register 04/23Open the original

Summary

The International Trade Administration sets procedures for steel and aluminum producers with plants in Canada or Mexico to obtain lower tariffs by committing new U.S. production capacity. Under Proclamation 10984 the rate can be cut by up to half but not below 25 percent, only for USMCA-qualifying imports. Submissions open April 23, 2026.

By industry

Day by day after the announcement

Tariffs & Reshoring stocks and the S&P 500 after the announcement, cumulative %
Tariffs & Reshoring stocks and the S&P 500 after the announcement, cumulative %
DayTariffs & Reshoring stocksS&P 500
26/04/220.0%0.0%
26/04/23−1.3%−0.2%
26/04/24+0.6%+0.5%
26/04/27+2.1%+0.8%
26/04/28+1.2%+0.3%
26/04/29−0.3%+0.3%
26/04/30+1.9%+1.4%
26/05/01+2.5%+1.3%
26/05/04+0.9%+1.1%
26/05/05+4.2%+2.3%
26/05/06+5.5%+3.2%
26/05/07+3.4%+2.9%
26/05/08+3.0%+3.9%
26/05/11+3.5%+4.1%
26/05/12+2.4%+3.8%
26/05/13+4.4%+4.6%
26/05/14+4.1%+5.3%
26/05/15−0.2%+3.8%
26/05/18−0.6%+4.1%
26/05/19−1.5%+3.3%
26/05/20+1.0%+4.0%

Korean stocks in these industries

  • Hyundai Steel 004020
  • POSCO Holdings 005490
  • SeAH Steel Holdings 003030

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

  • Keith Harvey

    SellKaiser Aluminum

    $8.2M

    Filed 04/29

  • Leon J. Topalian

    SellNucor

    $5M

    Filed 05/19

  • Leon J. Topalian

    SellNucor

    $3.7M

    Filed 05/19

  • Leon J. Topalian

    SellNucor

    $2.1M

    Filed 05/19

  • Leon J. Topalian

    SellNucor

    $1M

    Filed 05/19

  • Neal E. West

    SellKaiser Aluminum

    $866.5K

    Filed 04/29

  • Peter A. Trpkovski

    SellCentury Aluminum

    $845.5K

    Filed 03/27

  • David A. Sumoski

    SellNucor

    $7.4M

    Filed 05/04

  • Arthur Ajemyan

    SellReliance

    $651.6K

    Filed 04/28

  • Arthur Ajemyan

    SellReliance

    $575.3K

    Filed 04/28

  • Keith Harvey

    SellKaiser Aluminum

    $524.8K

    Filed 05/01

  • Alan Armstrong

    BuySteel Dynamics

    $1K–$15K

    Reported 07/21

  • Alan Armstrong

    BuyNucor

    $1K–$15K

    Reported 07/21

  • Brett Wilcox

    SellKaiser Aluminum

    $2.6M

    Filed 04/29

  • Kimberly A. Fields

    Sell10b5-1 planAti

    $1.9M

    Filed 05/12

  • Allen C. Behr

    SellNucor

    $1.9M

    Filed 05/06

  • Daniel R. Needham

    SellNucor

    $1.7M

    Filed 05/05

  • Marshall D. Akins

    SellCarpenter Technology

    $1.5M

    Filed 05/06

  • Noah C. Hanners

    SellNucor

    $1.5M

    Filed 05/05

  • Kimberly A. Fields

    Sell10b5-1 planAti

    $1.4M

    Filed 05/12

Procedures for Submissions by Certain Steel and Aluminum Producers Committing to New U.S. Steel or Aluminum Production To Obtain Tariff Adjustments Under Proclamation 10984 | Whalegun