Finland’s forest industry is facing a severe crisis as industrial giants shut down cardboard and paper mills amid soaring costs and weak demand, with ripple effects threatening Swedish mills as well, according to Handelsbanken analyst Christian Kopfer. On June 17, Finnish Metsä Board closed its cardboard mill in central Tampere after 160 years, marking a symbolic moment for a sector battered by high supply, fierce competition, and depressed demand. The industry also contends with US tariffs that cloud export prospects. "At the same time as the prices of the cardboard raw material itself have developed poorly, the ...