Deadline for all antidumping (AD) and countervailing duty (CVD) administrative reviews pushed back 60 days, which will delay the anticipated duty adjustments on Canadian softwood lumber entering the U.S.
News in lumber
B.C. Sawmills High Operating Costs Slows Province and Industry Recovery
The British Columbia forest industry was deteriorating prior to the COVID-19 pandemic. Since mid-2019, B.C. has experienced a disproportionately high number of sawmill closures and curtailments compared with other states and provinces.
U.S. Softwood Lumber Production Increases in January and February While Canadian Production Declines
The latest issue of the Western Wood Products Association’s monthly Lumber Track reports that for the first two months of 2020, U.S. lumber production volume increased by 5%, when compared to the first two months of 2019.
Lumber Prices Rebound in Second Quarter from the Impact of COVID-19 Pandemic
Barron’s, a leading source of financial news, is reporting, what lumber and building materials dealers across North America clearly know; lumber prices rebounded in the second quarter of 2020.
New Zealand Experiencing a Sharp Fall in Log Prices
New Zealand is currently reporting a sharp fall in log prices. Evan MacClure, a Timaru-based director for Forest Management (FM) said “an estimated 30% drop in price” will impact both companies and contractors.
U.S. Department of Commerce Announces Immediate Lifting of Tariffs on Canadian WRC Shake & Shingle
US Tariffs on Canadian Western Red Cedar imports removed.
Koskisen to Invest 35 – 40 Million €s in Sawmill in Järvelä, Finland
Koskisen, a Finnish wood industry company, has announced it is planning to make a substantial investment in a sawmill in Järvelä, Finland.
Ashton Lewis Holding Company Acquires Assets of W.T. Jones & Sons Inc.
North Carolina based Ashton Lewis Holding Company, has announced that it has acquired the assets of W.T. Jones & Sons Inc., a sawmill located in the Ruther Glen Area, in Caroline County, Virginia.
Conifex Timber Inc., to Restart Mackenzie B.C. Sawmill on July 6th
Conifex Timber Inc., announced on Monday, June 22nd, that it intends to restart operations at their Mackenzie, British Columbia sawmill effective Monday July 6th.
J.D. Irving Announces Modernization and Expansion at Doaktown NB Sawmill Starting in July
The sawmill division of J.D. Irving has announced that in July they will be starting a modernization and expansion of their Doaktown NB facility.