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US lumber prices fell 10% after the Federal Reserve hiked interest rates

   US lumber prices extended their 2-day decline to 10% after the Fed hiked interest rates by 75 [...]

UK: National Timber Group to acquire SV Timber

    National Timber Group (NTG) has acquired SV Timber. This is the latest big step forward in [...]

Moelven invests in five tunnel dryers for three sawmills

Moelven is investing in five continuous kilns and the Valmatics 4.0 control system to its three sawmills in Scandinavia [...]

Finland: Timber trade drops sharply; log prices stable

    Finnish timber trade was very brisk in August, with the total volume more than 60 percent [...]

Norra Skog to invest EUR 27 million in Kåge sawmill in Sweden

    Norra Skog’s board of directors announced last week that it was investing SEK 300 million [...]

N. American lumber producers are cutting back production, a signal that higher interest rates are taking root

A growing number of Canada’s largest producers, including Canfor Corp. and West Fraser Timber Co. Ltd., recently announced plans [...]