Russian origin pig iron export offers

SteelOrbis has been informed that ex-Russia basic pig iron export offers to Europe are still standing at the level of $320/mt FOB Black Sea for January shipments. Due to the fact that the European countries have entered into holidays and have delayed their purchase activities until the second week of 2009, no reply to the abovementioned offers is being given. However, it is heard that there have been some shipments from Russia to the Balkans with little tonnages with accepted offers at the price level of $335/mt C&F.