Court Overturns Tariffs On Obscure German Steel Thingamajigs
Published Date: 1/3/2025
Notice
Summary
The U.S. Court of International Trade made a new ruling that changes the subsidy rates for forged steel fluid end blocks from Germany. This affects German companies like BGH Siegen, SWG, and voestalpine Bohler, with updated duty rates starting January 3, 2025. These changes could impact how much extra money these companies pay when selling in the U.S.
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Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Revised Duty Rates for German FEBs
Commerce amended the countervailing duty (CVD) subsidy rates for forged steel fluid end blocks from Germany effective January 3, 2025. The revised ad valorem rates are: BGH Edelstahl Siegen GmbH 5.81%, Schmiedewerke Gröditz GmbH (SWG) 6.64%, voestalpine Bohler Group 14.74%, and All Others 6.18%.
Cash Deposit Instructions Updated
Commerce stated that BGH Siegen's current superseding cash deposit rate will not change, and that for companies without a superseding cash deposit rate, Commerce will issue revised cash deposit instructions to U.S. Customs and Border Protection. These instructions follow the amended final determination and are applicable January 3, 2025.
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