Canfor will record a CA$321 million non-cash asset write-down and impairment charge in 2025Q4.
News in international markets
President Trump Announces New Global Tariffs After IEEPA Ruling; Lumber Exempt
Due to exemptions, the measure does not alter current duty exposure for lumber imports covered by Section 232 or USMCA.
US Supreme Court Strikes Down President Trump’s IEEPA Tariffs
The US Supreme Court ruled 6–3 that President Trump lacked authority under IEEPA to impose sweeping global tariffs, Reuters reported.
Kronospan Begins Construction on New Chipboard Plant in Italy
Kronospan has begun building a €300 million chipboard plant in Italy, with 600,000 cubic meters of annual capacity and 210 new jobs expected by 2028.
Metsä Wood to Scale Back UK Operations
Metsä Wood will scale down its UK operations and begin employee consultations, with proposed changes expected to impact about 140 positions.
Sweden’s Mellanskog Lowers Timber Prices
Sweden’s Mellanskog cut timber prices across multiple product categories effective February 11, citing weaker market conditions and lower demand.
Nippon Paper Subsidiary and Pentarch to Acquire New Zealand Softwood Chip Exporter
Nippon Paper Resources Australia and Pentarch Forestry will acquire New Zealand-based Marusumi Whangarei, forming a 70–30 softwood chip export joint venture.
Russia’s Timber Industry Under Pressure as Lumber Production Falls
Russia’s lumber output fell to 28.48 million cubic meters in 2025, 2–3 million cubic meters below its 2019 peak, Wood & Panel Europe reported.
Chinese Glulam Producers Expand Use of Canadian Species Beyond Douglas Fir
Chinese manufacturers are producing glulam using Canadian species including hem-fir and yellow cedar, expanding options beyond Douglas fir, Canadian Forest Industries reported.
US Wood Pellet Exports Increase in November
US wood pellet exports totaled 891,093.3 metric tons in November 2025, up from 814,292.2 metric tons in October, the USDA and Biomass Magazine reported.