Archives: September 2022

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 [...]

China: Log stocks continue to decline, import prices show an upward trend

    The log inventory in China continued to decline in August, and prices showed an upward trend [...]

German timber industry expects negative developments in the coming months

The situation in the German timber industry is clouding over despite increased sales in the first half. This is what [...]

Canfor reduces production capacity in B.C. due to market conditions

Canfor Corp. is temporarily cutting production in British Columbia due to what it says are challenging market conditions.   [...]

Shortages of timber and firewood reported in various European countries

With gas and electricity prices skyrocketing, many homes in Europe are turning to firewood this winter as an alternative or [...]