Following the declines in global scrap prices, demand in export markets for pig iron from the CIS region has decreased significantly this week, with buyers starting to exert downward pressure on ex-CIS prices. Despite the weakness of demand, CIS-based pig iron suppliers are unwilling to decrease their offers as iron ore prices remain strong. As a result, ex-CIS pig iron offers to the export markets have remained stable over the past week at $300-320/mt FOB.