Ex-CIS pig iron export offers, which had been in the range of $275-325/mt FOB early last week, indicated signs of softening in the middle of the week since Ukrainian steel producer DMZ Steel opened its pig iron export sales for July production at $297/mt FOB. However, with the effect of the price declines in the global steel markets, DMZ Steel revised its price down to $270/mt FOB and closed its sales late last week after concluding pig iron export deals for a total of 30,000-40,000 mt. Meanwhile, iron ore prices have started this week on a downward trend following the decreases seen in Chinese billet export offers, impacting ex-CIS pig iron offers negatively. As a result, pig iron offers from the CIS region to the export markets have this week declined by $15/mt on the low end and decreased by $55/mt on the upper end week on week to $260-270/mt FOB.