High domestic demand for lumber in the U.S. and a trade dispute with China reduced U.S. softwood exports in 2019 and 2020.
Softwood lumber exports from British Columbia to the U.S. have fallen 20 percent from last March, according to the Canadian federal government.
Last week, within hours after Trump announced the 25 percent tariff on steel and 10 percent on aluminum, many industries rose up in protest, said Gene Wengert, the Wood Dr. “Auto manufacturing indicated that this tariff would raise prices, affect sales and cause large (maybe 200,000) unemployment,” he said. “These industries responded within hours of Trump’s action. The stock market lost around 2 percent.”
Rex Lumber Co. has announced plans to build a $110 million state-of-the-art softwood lumber manufacturing facility in Pike County, Alabama, creating more than 110 jobs.
SEATTLE -- Increased demand for softwood lumber worldwide has pushed lumber prices higher, especially in the United States and China during the first half of 2017, according to the Wood Resource Quarterly, published by Wood Resources International LLC.
Lumber exports by Russia have fallen for two consecutive quarters, with first quarter 2016 shipments being almost ten percent lower than in the third quarter of 2015. Only China and Japan increased their purchases.
Rosboro, LLC has announced that its board of directors has initiated a process to explore strategic alternatives, including a potential sale of the company. Rosboro has retained Goldman, Sachs & Co. as its exclusive financial advisor and Stoel Rives as its legal counsel to assist the company with this process.