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May 3, 2022
The Russian invasion, Covid and inflation overshadow the outlook of the Finnish sawmill industry
The uncertainty caused by the Ukraine war is also reflected in the demand for Finnish lumber. Uncertainty in the market is exacerbated by the massive effects of the Covid pandemic in China, for example, said Tommi Sneck , chairman of the Sawmill Industry Association, at the Wood from Finland conference in Helsinki on Thursday. The situation is not being alleviated by the fact that soaring inflation and rising interest rates are undermining consumer confidence. Rising prices for construction materials and a change in the balance of goods flows are also affecting the market in a way that ...
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