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Forest Minister Doug Donaldson provided an update yesterday on the forestry trade mission underway in China and Japan.
Donaldson says talks have been efficient, with China trying to focus on carbon emissions reduction by increasing proportion of prefabricated construction in new structures to 30 percent in the next 10 years.
Lumber is an integral part of your business and how America builds its housing.An announcement to their customers says, "After 43 years, Teton West Lumber finds itself in the unenviable position of having no workable plan to transition our company to the future.We regretfully announce that the companies will be liquidated over the next few months, beginning December 1." U. Secretary of Commerce Wilbur Ross announced Monday the affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of hardwood plywood products from the People’s Republic of China (China).“It has not been without trial and tribulation, however. South was the highest margin sawmill region in North America – a place it has held since 2008 – as well as the top global earner again in 2016 and for the second quarter of 2017.We had hoped to be online last month, but a large-scale electrical failure held us up. All regions covered in the global sawmilling industry in 2016 and in 2017 showed good results; the average global earnings (EBITDA) at “average” sawmills actually dipped slightly from US/m3 (US/Mbf – nominal) in 2014 to US/m3 (US/Mbf) in 2016 but improved to US/m3 (US/Mbf) by 2017-Q2. With the final countervailing and anti-dumping duty amounts now set in the U. softwood lumber case against Canada, the final leg of the yearlong affair is just weeks away -- With many prices at record levels, Cedar buyers are beginning to make purchases for the first quarter of 2018 -- Canadian housing starts in 2017 are on pace to finish solidly above their 2016 level, but a cool down is in store for 2018 -- Housing construction in the U. bounced back sharply in October after a severe hurricane season slowed the market in September -- Publicly traded wood products companies in North America reported some of the best quarterly earnings in recent memory during the third quarter.