high humidity , possible reaction to crumbling rubber grommets , The part is a key end fork. Look for rust on other metal parts including tuning pins, coils , screws , bracket
Not sure what your humidity is like there but the piano may have been in many places before you saw it. You could try using a Rustoleum product on all of them to treat the rust and prevent it . There used to be a bluing solution that could be put on tuning pins and coils it was very effective . Schaff supply carried it and I think it can still be purchased from some metal supply companies
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James Kelly
Owner- Fur Elise Piano Service
Pawleys Island SC
(843) 325-4357
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