INDUSTRY NEWS
Demand for softwood logs in China expected to rise as inventories shrink
American company acquires Canadian lumber and plywood giant
EU tropical timber trade faces recession
Rising sawlog prices in Austria as sawmill industry runs at full speed
Biewer Lumber announces plans for second sawmill in Mississippi
Global sawlog prices on the rise due to sharp recovery in trade
Most Softwood Lumber Prices Stay Flat as the Supply-Demand Balance is Reached
HS Timber, Egger and Kronospan accused of organizing a wood cartel in Romania
2021 starts off with rising lumber prices in North America
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...
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
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....
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...
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...
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...