If high quality product complying with our BI standards, are being imported, it is tolerable but it is low quality stuff that is being sold in India at lower prices,, Joint Managing Director and Group CFO,, tells ET Now Edited excerpts:When the international steel prices went as high as $620 per ton, the Indian steel prices were at a discount of close to Rs 3,000 to 3,500 per ton. In India, we were selling at lower prices than the landed cost of imports because rupee depreciated suddenly. So, when $620 dropped by close to $100 per ton, domestic prices got adjusted. But the Rs 3,500 margin was already there.That is why if somebody today compares the domestic price fall vis-à-vis international price fall, you may say there is further fall but it is not because of the discount which was there initially. If we adjust that discount and then see the current prices, they are almost equal to the landed cost of imports today.That is exactly what has happened because aluminium zinc coated coils from Vietnam went up by 425%. It cannot go up so much from one country. If it is a high quality product complying with our BI standards, it is tolerable but it is low quality stuff that is being sold in India at lower prices. In India, it is particularly routing of Chinese steel through Vietnam.At the same time, even imports of coated coils from Japan, Korean and China almost doubled while that from Vietnam went up four times. Therefore something is happening. There are 53 products where BI standards are applicable in India but who is monitoring them? Who is ensuring the quality of whatever imports are coming into India when domestic industry is complying with that, it may not be a very effective surveillance to ensure that only high quality steel, compliant with BIS, come into India.That is why we are getting worried.At the same time, 98-99% of the total requirement of auto steel, can be met by domestic steel producers in terms of quality, timeliness and competitiveness and there is no need for import of auto steel at all.