Finland: Keitele is preparing for production cuts as sawn timber demand weakened

The demand for lumber and wood products has weakened, albeit only temporarily, the Finnish sawmill company Keitele says. The reason behind the decline is, among other things, the world economic situation, the war in Ukraine, the rise in energy prices and interest rates, which have reduced construction. In this way, the demand and prices for products from the sawmill industry have also fallen rapidly. At the same time, the company's production costs have risen higher than ever before. This has been influenced by the high price of electricity and fuel, together with the rise in the price of ...