Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
January 13, 2020
Is 2020 going to be as horrible as 2019 for B.C. sawmills?
For B.C. sawmills and loggers, 2019 was an annus horribilis that they can only hope is not repeated in 2020. Prolonged wet weather in the U.S. that delayed the construction season, higher stumpage rates, American duties on softwood lumber, a shrinking timber supply and one of the longest strikes ever by sawmill workers on Vancouver Island converged into a perfect storm that left thousands either on picket lines or unemployment lines. B.C. forestry companies went from making record profits in 2017 and 2018 to posting losses in 2019, and ...
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