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December 17, 2019

Profit margins for sawmills in Finland at lowest levels in 15 years

Profit margins for sawmills in Finland at lowest levels in 15 years
The financial health of the world’s lumber producers was mixed in the 3Q/19. The gross margins fell in Northern Europe, while they improved slightly in Austria, Eastern Russia, Western US, and Western Canada. In North America, lumber prices started to flatten out and increased slightly in the fall.    Domestic sawlog prices in Finland and Sweden have been declining for over a year because of lower demand from the region’s sawmills. However, the reduced wood raw-material costs have not kept pace with the falling prices for lumber, which has resulted in lower margins ...

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