The price of softwood lumber declined 6.4% in October—the largest monthly decrease since March, when it fell 6.7%
News in lumber
Canfor Announces Extended Curtailment Plan for Its Polar Sawmill in Bear Lake, BC
Citing a shortage of economically available fiber in the region, Canfor Corporation announced it will curtail operations at its Polar Sawmill in Bear Lake, BC, following an orderly wind down of operations.
BC Announces Additional Investments to Help Manufacturing Companies Grow in Northern BC
BC announced that it is investing more than $1.2 million (CAD) in a variety of expansion projects to help manufacturing companies grow.
Canadian Lumber Production and Shipments Increase Month-Over-Month in August
Lumber production throughout Canada increased 15.0% month-over-month in August to 4,067.9 thousand cubic meters.
West Fraser Announces Third Expansion at Its Newberry, SC, Sawmill
West Fraser announced plans to invest $17.7 million in the third expansion in 10 years at its Newberry, South Carolina, sawmill facility, the Longview News-Journal reported.
NAFTA Chapter 19 Panel Issues Ruling on Canada’s Challenge of US Final Dumping Determination on Canadian Softwood Lumber Products
The panel, according to Canadian sources, “Directed the US Department of Commerce to review key aspects of its determination.”
Hood Industries to Close Its Sawmill in Metcalfe, Georgia
Hood Industries has announced plans to close its Metcalfe, Georgia, plant, according to reporting by The Thomasville Times-Enterprise.
Canadian Industrial Product and Raw Materials Price Indexes Increase in August
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 1.3% month-over-month in August.
Canfor Announces $200 Million Investment to Build New Houston, BC, Facility
Canfor announced it will invest $200 million (CAD) to build a new state-of-the-art manufacturing facility in Houston, British Columbia.
US Dept. of Commerce Amends Final Results of Antidumping Duty Administrative Review
The US Dept. of Commerce is amending the final results of the administrative review of the antidumping order on certain softwood lumber products from Canada to correct certain ministerial errors.