Over the past week, ex-CIS pig iron prices have remained stable at $395-410/mt FOB, while demand for pig iron from the CIS region has been slack. Buyers in CIS-based pig iron suppliers’ target markets have slowed down their bookings as their scrap purchases are weak, and this has exerted downward pressure on pig iron prices. In the short term, ex-CIS pig iron prices are expected to soften slightly due to the influence of the summer season.