INDUSTRY NEWS

Demand for softwood logs in China expected to rise as inventories shrink

China has come out of the Covid crisis with a huge amount of infrastructure spending which has, in turn, created sustained demand for all raw materials, softwood logs included. At the moment, Chinese softwood log and lumber imports are at the highest point ever, at around 8 million cubic meters

American company acquires Canadian lumber and plywood giant

Although the United States has reduced the tariffs levied on Canadian lumber due to the WTO’s rule, Canadian lumber companies still face relatively high tariffs. Recently, Canadian timber and plywood giant Weston Forest announced that the company has been acquired by the US company Watermill Group.  Weston Forest, established in

EU tropical timber trade faces recession

Total EU27 (i.e. excluding the UK) import value of tropical wood and wood furniture products was US$2.48 billion between January and October last year, 12% less than in 2019. This is a significantly higher level of import than forecast earlier in the year when the first waves of the COVID-19

Rising sawlog prices in Austria as sawmill industry runs at full speed

The current sales opportunities for Austrian sawn and laminated timber products on the global markets are optimal in January. Prices are reaching record levels. The processing in the Central European and Austrian sawmill industries are correspondingly high. On the other hand, for various reasons, logging in Austria has not really picked up

Biewer Lumber announces plans for second sawmill in Mississippi

Michigan-based Biewer Lumber will invest $130 million in a new Mississippi sawmill, creating 150 jobs. The family-owned Biewer currently operates five sawmills: two in Michigan, two in Wisconsin, and one in Newton, Mississippi. This will be its sixth. “My family’s passion for the lumber industry has prompted this expansion in

Global sawlog prices on the rise due to sharp recovery in trade

Global log trade made a comeback in the third quarter of the year following two quarters of weak performances. Most of the increases in log imports occurred in Asia, while many countries in Europe have relied less on imported logs this year than in 2018 and 2019. Shipments of softwood

Most Softwood Lumber Prices Stay Flat as the Supply-Demand Balance is Reached

madisonsreport.com As mid-January 2021 came upon us, it seemed like supply and demand for softwood lumber and panel products reached an equilibrium. Almost all prices were flat, except the 2×8 sizes which dropped somewhat. Players agreed that this current lull could indicate a new level of asking prices at lumber

HS Timber, Egger and Kronospan accused of organizing a wood cartel in Romania

The Austrian companies HS Timber Production (formerly Holzindustrie Schweighofer), Kronospan and Egger, all with activities on the Romanian wood market, were fined, along with other companies, for forming a cartel. The highest sanctions target the local subsidiaries of Austrian groups Holzindustrie Schweighoffer (HS) – RON 51.7 mln (EUR 10.6 mln),

2021 starts off with rising lumber prices in North America

In the first full week back to work of 2021, the latest data of housing construction and home sales out of the U.S. shows a marked increase over the previous year. The economic indicators for future home building, and remodelling, are rosy. Macroeconomic conditions in the U.S. remain murky; however,

American company acquires Canadian lumber and plywood giant

Although the United States has reduced the tariffs levied on Canadian lumber due to the WTO's rule, Canadian lumber companies still face relatively high tariffs. Recently, Canadian timber and plywood giant Weston Forest announced that the company has been acquired by...

EU tropical timber trade faces recession

EU tropical timber trade faces recession

Total EU27 (i.e. excluding the UK) import value of tropical wood and wood furniture products was US$2.48 billion between January and October last year, 12% less than in 2019. This is a significantly higher level of import than forecast earlier in the year when the...

Rising sawlog prices in Austria as sawmill industry runs at full speed

The current sales opportunities for Austrian sawn and laminated timber products on the global markets are optimal in January. Prices are reaching record levels. The processing in the Central European and Austrian sawmill industries are correspondingly high. On the...

Biewer Lumber announces plans for second sawmill in Mississippi

Michigan-based Biewer Lumber will invest $130 million in a new Mississippi sawmill, creating 150 jobs. The family-owned Biewer currently operates five sawmills: two in Michigan, two in Wisconsin, and one in Newton, Mississippi. This will be its sixth. "My family’s...

Global sawlog prices on the rise due to sharp recovery in trade

Global log trade made a comeback in the third quarter of the year following two quarters of weak performances. Most of the increases in log imports occurred in Asia, while many countries in Europe have relied less on imported logs this year than in 2018 and 2019....

2021 starts off with rising lumber prices in North America

2021 starts off with rising lumber prices in North America

In the first full week back to work of 2021, the latest data of housing construction and home sales out of the U.S. shows a marked increase over the previous year. The economic indicators for future home building, and remodelling, are rosy. Macroeconomic conditions in...

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