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September 10, 2025

Will Finland see the low point of its sawmill cycle this winter?

Softwood lumber production in Finland has increased since the start of 2025, but weak demand and uncertainty are clouding the outlook. Matti Kylävainio, co-owner of Keitele Group and chairman of the Finnish Sawmilling Industry Association, questions whether the bottom of the current sawmill cycle will be reached next winter. Utilization rates at Finnish sawmills have averaged around 75%, leaving room for production growth. However, geopolitical tensions, sluggish construction activity in Europe, and the unclear impact of U.S. tariffs are affecting the market. Raw material prices are rising sharply, while end-product market conditions remain volatile ...

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