News in international markets

The US exported 743,157.7 metric tons of wood pellets in June, down from 853,395.1 metric tons in May, the USDA and Biomass Magazine reported.

The Brazilian Association of Mechanically Processed Timber Industry has voiced concern over the 50% US tariff on Brazilian timber products, the ITTO reported.

Metsä Group is planning a €300 million cost savings and profit improvement program in response to weak profitability and market uncertainty.

The value of Brazilian exports of wood-based products (excluding pulp and paper) declined 2.4% year-over-year in June.

Canfor’s 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk for $164 million (SEK 1.15 billion).

Southern pine lumber exports (both untreated and treated) fell 14.8% to 48.9 MMBF in May, the USDA and SFPA reported.

Now operational, the facility has more than doubled its annual production capacity to 450,000 cubic meters of sawn timber.

A state-of-the-art sawing line and a new waste wood recycling plant are being launched at Pfeifer’s long-established site in Uelzen, Germany.

Estonia plans invest 4.2 million euros in dry forest restoration and preservation between 2025 and 2032, the Baltic News Network reported.

UK softwood lumber trading was strong through April and May, supported by growing demand, Timber Trades Journal reported.