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November 30, 2021
Sawmills in Europe and N. America see profits plunge in 3Q
Sawmills in Europe and North America enjoyed record profits during the first half of 2021, but fell in the 3Q when lumber prices plunged. Sawmill profits in North America and Europe continued to rise in the spring and early summer of 2021, surging to all-time highs on both continents. With lumber prices reaching unprecedented levels and costs for sawlogs moving up relatively less, profits for sawmills reached record highs in the 2Q/21. The gross margins, defined as the margin between lumber prices and net wood costs, were by far the highest in the last ...
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