Due to the sideways trend of scrap prices over the past two weeks, CIS-based pig iron suppliers are unwilling to issue new price offers for the export markets and are waiting instead to observe the direction of scrap prices in the coming period. Accordingly, pig iron export offers from the CIS region are still at $325-340/mt FOB. Meanwhile, demand for ex-CIS pig iron is weak in the target markets, since buyers are concluding purchases only to meet their immediate needs, believing that prices will decline in the coming days.