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Trade Minister Mary Ng has expressed deep disappointment over the U.S. decision to increase duties on Canadian softwood lumber from 8.05 per cent to 14.54 per cent.
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Ralston criticized the move as "unfair and unwarranted", while Mercier vowed to continue the fight against these “unjustified” duties.
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BCLTC president Kurt Niquidet warned that the tariff hike comes at a particularly challenging time for BC producers, threatening jobs and manufacturing operations across the province.
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For more than thirty years, Rotochopper grinders have been creating new opportunities for logging and land clearing materials. Upholding this standard, the Rotochopper B-66L horizontal grinder continues to deliver top-tier performance and reliability.
Engineered to handle larger and more abrasive feedstock materials, the Rotochopper B-66L horizontal grinder increases production rates with unparalleled efficiency. Designed for flexibility and versatility, it features a robust infeed system, high capacity grinding chamber, and advanced automation options to ensure optimal performance, ease of operation, and long-term durability.
Get in touch with our sales team today to discover more about the capabilities of the B-66L.
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Here's a snapshot of the North American softwood lumber market as of July. While there was no boost to lumber sales during this spring building season, the upward trend of new housing starts year-to-date does bode well for stable lumber demand in the remainder of this year.
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Amid sustained demand and takeaway, most lumber and stud commodity prices stayed firm or appreciated. Plywood and OSB continued to struggle by comparison, the latter being particularly frustrating for players.
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Interfor reported a net loss of $75.8M in the second quarter of 2024, a slight increase from the $72.9M loss in the previous quarter. The company's adjusted EBITDA showed a loss of $16.7M on sales of $771.2M.
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Mercer International reported a second-quarter 2024 Operating EBITDA of $30.4M, marking a recovery from a negative $68.7M in the same period last year. Despite this improvement, the company posted a net loss of $67.6M.
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Cascades has reported a sequential increase in its second-quarter 2024 results, with sales rising to $1,180M from $1,109M in the previous quarter. Operating income improved to $34M, up from $9M in Q1 2024.
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September 15, 2024 | St. John’s, Newfoundland and Labrador
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