Vietnam imposes 38.34% duty on some Chinese steel imports

The duties, set at 38.34%, will be imposed starting September 16 but must still be confirmed in a final determination scheduled for later this fall. They are meant to punish dumping, or selling below cost to improperly gain market share.

Chinese officials have denied the practice.

The tariffs, which are also applicable to steelmakers from the Republic of Korea, will run through January 13, 2017.