The U.S. Department of Commerce has released preliminary findings that BGH Edelstahl Siegen GmbH from Germany received subsidies that can be countervailed on forged steel fluid end blocks from January 1, 2023, through December 31, 2023. The review of another company, Schmiedewerke Gräditz GmbH (SWG), has been partially rescinded because they had no entries of relevant products during this period. The department welcomes public comments on these preliminary results and plans to disclose the analysis to interested parties. The final determination will also establish future cash deposit requirements for countervailing duties.
Simple Explanation
The U.S. government found that a company in Germany got some unfair financial help (like a special allowance) to make steel blocks, and they're checking if this needs special taxes; they also found a different company didn't sell any of these blocks during the year, so they're not looking at them anymore.