Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
May 21, 2019
US lumber prices rise sharply amid sawmill curtailments in BC
Lumber prices continued their sharp climb in June after North America’s largest producer said it would close one mill in British Columbia and eliminate a shift at another. The announcement by West Fraser Timber Co. to permanently curtail about 314 million board feet of production annually added to a long list of Canadian mill owners who are cutting back amid limited availability of timber in British Columbia and low prices for finished forest products due to a slowdown in U.S. home construction. In total, more than a billion board feet ...
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