One immediate impact of the war in Ukraine is a tighter market for softwood lumber in Europe. About 20% of European lumber import and 9% of European supply is lumber from Russia, Belarus, and Ukraine (“BRU”) – in total, almost 9 million m3 in 2021. The largest importers include the UK, Italy, and Netherlands, but the supply-demand balance throughout Europe...
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Warren Buffett's Berkshire Hathaway owns scores of businesses, including insurers, railroads, utilities, manufacturers, distributors, retailers, and service providers. That makes the company a microcosm of the wider US economy.
Buffett's conglomerate recently published its second-quarter earnings, which offered a fresh...
“The website takes visitors on a digital journey to learn how and why they should choose Real American Hardwood flooring, cabinetry, millwork, furniture, and other goods for their homes,” says Michael Martin,...
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The risks posed by rapid deforestation and our changing climate make it imperative that county leaders update and strengthen Montgomery County’s forest conservation law. We urge the County Council to strengthen forest regulations this year...
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TORONTO, June 24, 2022 /PRNewswire/ -- Tropical Forest Products has announced that its premium Black Label™ brand of Ipe and other tropical hardwoods will now be...
Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. The one-hour program features market and...
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MARKET NEWS
North American Markets
Lumber prices firm up slightly as field inventories stabilize: Madison’s
The North American forest products manufacturing industry has entered the usual seasonal slower time; although everyone understands that the past...
Estonia: Softwood lumber market prices down by 20%
The market price of softwood lumber in Estonia has fallen by up to 20 percent, with companies’ considerable stock and...
Demand weakens in UK softwood market
The solid UK softwood market is uncharacteristically quiet for this time of year, and buyers are reluctant to commit to...
Austria: Softwood log prices are falling, energy wood prices are increasing noticeably
In July, the Austrian construction industry is noticeably weakening. Sales of building products made of wood and lumber have decreased...
Södra delivers strong result in Q2/2022, sees market outlook as highly uncertain
Södra posted a robust result for the second quarter of 2022. The result reflects the sustained strong market for Södra’s...
U.S. builder confidence plunges as affordability woes mount: NAHB
Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales...
Overview of current trends in the European timber industry
At the members’ meeting of the European Timber Trade Federation (ETTF) on 24 June in Amsterdam, the current market situation...
Germans could turn to wood as Russia withholds natural gas, Deutsche Bank says
Germany could embrace wood for heat if Russia further cuts gas flows, Deutsche Bank says. The bank said in a...
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Designposts – Jonah Luswata – Brompton, Brompton Design District
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Lumber Market News
Tropical Forest Products Goes All-In For Quality
Tropical Forest Products Goes All-In For Quality Mississauga, Ontario—Tropical Forest Products (TFP), a hardwood distributor based here, demonstrates its commitment...
AHEC’s Participation At IndiaWood Includes Manufacturing Tour
AHEC’s Participation At IndiaWood Includes Manufacturing Tour Bangalore, India–IndiaWood was the first pavilion of the year recently for the American...
Streamlining With Equipment Upgrades At Alan McIlvain Company
Streamlining With Equipment Upgrades At Alan McIlvain Company Marcus Hook, Pennsylvania–Hardwood lumber distributor Alan McIlvain Company, headquartered here, has been...
CHB And Montreal Team Up For Meeting
CHB And Montreal Team Up For Meeting Montreal, Quebec–Members and guests of the Canadian Hardwood Bureau (CHB) recently gathered here...
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