New Delhi, May 15 -- The Indian steel industry is grappling with the potential resurgence of cheap steel imports from Vietnam, reigniting long-standing concerns over the impact on domestic producers.
The Bureau of Indian Standards (BIS) recently issued a license to Formosa Ha Tinh, a prominent Vietnamese steel manufacturer and exporter, granting them permission to resume steel exports to India, according to sources familiar with the matter.
This development follows the steel ministry's mandate late last year that required all imported steel products to obtain BIS licenses and certification, effectively stalling imports temporarily.
Industry experts and domestic steel giants have expressed apprehensions about the potential ramification...