Softwood Lumber Prices Slide Downward as More Sawmill Closures are Announced

Softwood lumber exports from British Columbia to the U.S. have fallen 20 percent from last March, according to the Canadian federal government.

On November 24, 2005, the U.S. Commerce Department announced it would comply with a separate NAFTA panel’s order to cut a 16 percent duty on Canadian softwood lumber imports for now. The following month, the DoC announced recalculated countervailing and anti-dumping duties on softwood, totaling 10.8 percent.

In February, Tim Hortons announced plans to open 300 new U.S. locations by 2018, which will add to the more than 800 locations already operating south of the border. The Persian Gulf region is also in the sights for massive growth, as the company wants to boost the number of locations there to 200.

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More rotten news about wood: Largely as the result of the tariffs imposed by the U.S. Commerce Department – and related negotiations among the U.S., Canada and Mexico grinding to a halt – prices for softwood lumber imports have skyrocketed 30% since Hurricane Harvey hit last summer.

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U.S.-Canada Lumber Trade Issue > Latest Developments. WoodWire is retiring in July. Content will be integrated into the Random Lengths Price and News Service.. The U.S. Department of Commerce released its preliminary determination in the countervailing duty case against Canadian lumber imports April 25, 2017.

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The prices of softwood lumber and OSB fell by 3.0% and 0.4%, respectively, in June according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. In contrast, prices paid for gypsum and ready-mix concrete increased 1.3% and 0.4%, respectively, over the month.

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Lumber shipment volumes were down. chip prices improved. Improved production from the duke point sawmill in the second quarter of 2015 as a result of our ongoing modernization project offset the.

North American Lumber prices slide downward as more sawmill closures are announced [Jun 5] UK: Premier forest group posts another record year [Jun 5] Atlas Engineered Products doubles capacity at Ontario facility as demand ramps up [Jun 4] Finland’s coal ban will lead to biomass imports, experts say [Jun 4]