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June 8, 2022

Some sawmills in Russia expected to curtail production from July

Some sawmills in Russia expected to curtail production from July
The decline in export volumes due to EU sanctions against the backdrop of rising transportation tariffs and a stronger ruble made the production of lumber unprofitable in the Russian North-West. In April 2022, the volume of lumber imports to China fell by 20.1% y-o-y, to 2.2 million m3. Including supplies from Russia decreased by 11% to 1.04 million m3. The decline in lumber imports was due to lockdowns in ports in China due to quarantine, as well as a downturn in the country's construction industry. Home sales in physical terms in the first ...

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