During the past week, ex-CIS pig iron offers to the export markets have remained stable at $385-395/mt FOB, while demand has remained weak. According to market sources, negotiations between CIS-based pig iron exporters and US-based buyers continue, while it is expected that exporters will start to offer discounts and sales will accelerate accordingly in the short term. However, ex-Brazil pig iron offers to the US are at $390-400/mt CFR, which is considered to be more favorable by US-based buyers. As for the Turkish market, where latest ex-CIS pig iron deals had been concluded at $405-415/mt CFR two weeks ago, buyers have started to adopt a wait-and-see stance again; while CIS-based suppliers are expected to decrease their quotations to Turkey due to the softening of import scrap prices in the country to $318/mt CFR.