Russian origin BPI offers to Germany increase

Basic pig iron (BPI) offers given from Russia to Germany are standing at the minimum level of $290/mt FOB Black Sea for late August shipments. While the Russian producers' offers to Germany were at $275-285/mt FOB last week, the price level has this week increased in all markets since the Russian producers have almost filled up their order books and purchase activity on the part of buyers in Asia continues to maintain its strength.