Softwood Lumber Prices Slide Downward as More Sawmill Closures are Announced

Softwood Lumber Dispute Lumbers On: Preliminary Countervailing Duties on Canadian Softwood Lumber Announced (Part I) 04/28/2017 According to various news reports, on April 24, 2017, President Trump announced that the Administration would "be putting a 20% . . . tariff on softwood coming into the United States from Canada."

Mills that process both hardwoods and softwoods are included if at least 25% of the mill’s output is softwood. As thus defined, the softwood lumber sector in Canada and the continental United States consisted of about 1,300 saw- mills in 1995. Over time, as economic conditions fluctuate, this number changes.

– Oil prices are down more than 1% in Asian trading as Trump has stoked fresh worries about global trade. Citing the rising number of Central American people seeking asylum at the southern border, the Trump administration has announced 5% tariff on mexican imports beginning june 10 which would gradually increase to 25% by October.

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Lumber prices slide downward as more sawmill closures are announced – Wood Business Confusion reigned only more last week in the North America construction framing dimension softwood lumber market as demand was very soft for what is

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Alan will provide a more detailed overview of our performance. As highlighted on slide 5 of our presentation, the lumber segment recorded operating income of $149 million for Q3, down $55 million.

France: Lumber prices list for Q1/2019 US softwood lumber prices continue to fall in June 2019 Closing sawmills in US and falling hardwood prices due to Chinese tariffs 12 sawmills expected to close in the next 10 years Global sawlog prices on a downward trend in Q1/2019

 · The Ontario government is clamping down on the bottled-water system by increasing the price charged to companies, but critics say the move doesn’t go far enough. Starting Aug. 1, water bottlers will. pay $503.71 for every million litres of groundwater taken, compared to the previous fee of $3.71, according to a government press release issued Thursday.

WASHINGTON STATE – Lumber prices have plummeted over the past 10 months, casting an uncertain pall on a sector that’s been a harbinger of economic downturn in the past. It’s

Canfor’s recent announcement it will reduce production at two more sawmills this summer in Prince George adds to a growing list of more than 20 temporary and indefinite curtailments of such facilities across British Columbia, along with several permanent closures. The downturn in the forestry sector has thrown hundreds out of work, including 150 employees at the tolko industries mill in.