According to reporting by Reuters, the European Commission on Thursday said it had closed an antitrust investigation in the wood pulp sector, as it had found insufficient evidence to pursue the probe.
News in international markets
Metsä Group to Construct New Kerto® LVL Mill in Äänekoski, Finland
Metsä Group announced that it has decided to invest approximately EUR 300 million to construct a new Kerto® LVL mill in Äänekoski, Finland, to produce beams and panel products used in the construction industry.
US Department of Commerce to Issue Its Final Conclusion on Anti-dumping Tax Evasion on Panels Imported From Vietnam in July
The US Department of Commerce (DoC) has announced that it will extend the deadline for issuing its final conclusion on anti-dumping tax evasion investigation into plywood imported from Vietnam—the eighth extension.
US Wood Pellet Exports Decline Month-Over-Month in April, but Remain Up Year-Over-Year
The US exported 720,209.2 metric tons of wood pellets in April. This is down from 909,781.1 metric tons in March but up from 659,071.0 metric tons in April 2022. The UK was the top destination.
New Zealand Government to Invest in a More Sustainable, Lower Impact Forestry Industry
New Zealand’s Forestry Minister Penni Henare announced that the government is making a start on a more sustainable forestry industry with investments into a bioenergy plant, research into biomass, and better forestry practices.
Brazilian Exports of Wood-Based Products Declined Month-Over-Month and Year-Over-Year in April
In April 2023, Brazilian exports of wood-based products (except pulp and paper) declined 29.0% in value compared to April 2022, from US$470.2 million in April 2022 to US$336.1 million in April 2023.
Russian Timber Exports Continued to Decline in Q1 2023
Foreign sales of Russian timber have continued to decline in the first quarter of 2023, dropping by over 20 percent […]
UPM Fibers Preparing for Temporary Production Adjustments at the Kaukas Pulp and Sawmill and Wood Reception Facility
On Monday (5-29-23), Finnish forest industry company UPM-Kymmene Oyj, announced that its UPM Fibers business area began consultation with employee […]
Australia’s State of Victoria Announces End to Native Logging by The End of 2023
Australia’s State of Victoria has announced that native logging in Victorian forests will end sooner than originally planned, according to Sky News. The original plan—announced in 2019—would phase out logging in 2030; however, the new timeline will end native logging by the end of 2023.
Chinese Custom Officials Report Imported Logs Declined in Volume and Value in Q1
China’s log imports in Q1 totaled 9.27 million cubic meters, valued at $1,606 billion (USD), which is down 7% in volume and 18% in value when compared to 2022Q1. The average price for imported logs was US $173 (CIF) per cubic meter, down 12% from the same period last year.