Swedish sawmills are preparing for a difficult second half of 2025 as high log prices and subdued global market sentiment weigh on margins, despite stable demand in core European markets and a solid start to the year. Industry sources say the initial optimism that followed stronger-than-expected Q1 earnings and spring price hikes has faded. Sawmills are becoming increasingly cautious, with many pointing to unsustainable log costs and limited room for further price increases. “Just when we thought log prices couldn’t go any higher, they climbed again,” one industry executive said. “And these cost increases haven ...