The slowdown in the European softwood lumber market has become more pronounced as July progresses. While prices remain mostly stable, momentum is clearly weakening across key regions. Buyers are cautious, stock levels are low, and mills are seeing quieter order books than expected for the time of year. Many had anticipated a moderate seasonal uplift in June, but this failed to materialise. The construction sector remains the core issue. High interest rates, elevated inflation, and weak consumer sentiment continue to suppress residential building activity, particularly in Germany, France, the Nordics, and the Benelux countries. Public and commercial projects are ...