Over the past week, trading activity for ex-CIS pig iron in target markets has been stagnant and no new deal has been heard, while CIS-based pig iron suppliers have decreased their prices by $15/mt to $365-370/mt FOB. As domestic scrap prices in the US have switched to a downward trend, ex-CIS pig iron offers to this destination, which had gained acceptance at $410/mt CFR last month, have decreased to $390/mt CFR. Due to the expectation that prices in the local US scrap market will indicate a further slight decrease, CIS-based pig iron suppliers are unwilling to give new price offers to the US. As the tendency of pig iron prices will likely become clearer following the international conferences being concluded this week, market players are likely to revise their prices accordingly.