Certification of Systems for Processing and Collecting Tariffs on Steel and Aluminum Articles Pursuant to the President's February 10, 2025 Proclamations

BIS ruleFederal Register 25/03/14Open the original

Summary

Secretary of Commerce Howard Lutnick certifies that adequate systems are in place to process and collect tariff revenue under the February 10, 2025 steel and aluminum Proclamations 10895 and 10896, covering the steel and aluminum articles and derivatives in Annex 1.

By industry

Tariffs & Reshoring1 trading day+1.8%p15 stocks5 trading days+1.5%p15 stocks20 trading days−5.8%p15 stocks
“certify that adequate systems are in place to fully, efficiently, and expediently process and collect tariff revenue”

Day by day after the announcement

Tariffs & Reshoring stocks and the S&P 500 after the announcement, cumulative %
Day	Tariffs & Reshoring stocks	S&P 500
25/03/13	0.0%	0.0%
25/03/14	+3.2%	+1.5%
25/03/17	+3.1%	+2.4%
25/03/18	+2.3%	+1.3%
25/03/19	+3.8%	+2.5%
25/03/20	+3.6%	+2.1%
25/03/21	+0.6%	+1.9%
25/03/24	+3.2%	+3.6%
25/03/25	+3.1%	+3.9%
25/03/26	+2.5%	+2.5%
25/03/27	+2.3%	+2.4%
25/03/28	−1.7%	+0.1%
25/03/31	−2.1%	+0.7%
25/04/01	−2.0%	+1.3%
25/04/02	−0.1%	−1.8%
25/04/03	−9.4%	−3.1%
25/04/04	−14.7%	−8.7%
25/04/07	−14.5%	−8.0%
25/04/08	−16.9%	−10.5%
25/04/09	−7.6%	−1.5%
25/04/10	−11.4%	−5.6%

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.

Peter R. MattPresident and CEO
BuyCommercial Metals
Buy
Commercial Metals
CMC
$294.6K
6,100 sh
$294.6K
Filed 25/03/31
Traded 25/03/27
Jane M. CroninDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$105.6K
10,000 sh
$105.6K
Filed 25/02/28
Traded 25/02/28
Keith KociEVP & President, CC Services
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$102.8K
9,500 sh
$102.8K
Filed 25/02/28
Traded 25/02/28
John R. McPhersonDirector
BuyCommercial Metals
Buy
Commercial Metals
CMC
$100K
2,475 sh
$100K
Filed 25/04/07
Traded 25/04/04
John T. BaldwinDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$34.8K
4,000 sh
$34.8K
Filed 25/03/10
Traded 25/03/10
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$3.6M
12,114 sh
$3.6M
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$3.4M
11,317 sh
$3.4M
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$1.5M
4,790 sh
$1.5M
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$342.1K
1,135 sh
$342.1K
Filed 25/02/25
Traded 25/02/24
Glenn PushisSVP
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$3.2M
23,649 sh
$3.2M
Filed 25/02/12
Traded 25/02/11
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$295.3K
970 sh
$295.3K
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$244.9K
810 sh
$244.9K
Filed 25/02/25
Traded 25/02/24
David J. MorehouseDirector
SellAti
Sell
Ati
ATI
$884.5K
17,000 sh
$884.5K
Filed 25/04/03
Traded 25/04/01
Viola L. AcoffDirector
SellCarpenter Technology
Sell
Carpenter Technology
CRS
$807.3K
4,000 sh
$807.3K
Filed 25/03/06
Traded 25/03/04
Robert F. HoffmanSVP, IT and CAO
SellCentury Aluminum
Sell
Century Aluminum
CENX
$101.2K
5,000 sh
$101.2K
Filed 25/03/24
Traded 25/03/20
Robert F. HoffmanSVP, IT and CAO
SellCentury Aluminum
Sell
Century Aluminum
CENX
$50K
2,500 sh
$50K
Filed 25/03/18
Traded 25/03/14