Wood Industry News from United States

The index lost $5, or 1%, from $449 the previous week and is 10% lower than a month ago.

The rate for Chinese producers stays at 187.27%, unchanged from the preliminary stage.

The 9.54% final rate is 1.85 percentage points above the preliminary result published in May.

Softwood lumber prices were up 10.6% from a year earlier, while residential building materials excluding energy were up 5.8%.

Work has begun, and startup of the new lines is scheduled for late next year.

Sales fell 8.8% from a year earlier, while unsold inventory rose 4.6% over the same period.

The deal brings the group to seven brands and four plants in Ontario, British Columbia, Idaho and Michigan.

The 15-year fixed mortgage rate declined, reaching 6.45% from 6.57% a week earlier.

The United States remained the largest supplier, while Canada's shipments climbed 68.3% from a year earlier.

The Forest Service had failed to obtain the permit for dropping fire retardant from aircraft that a district court ruling required.

Timber growers are pitching mass timber to data-center developers as a housing slump forces sawmill closures.

Pending sales fell 3.6% from September to the lowest since 2013 apart from April 2020, with mortgage rates at a three-year high.

The final rates match the preliminary results, while exporters without a separate rate stay at the China-wide level.

The elevated 18,640-square-foot center is the first mass timber project for its contractor, Bancroft Construction.

Two producers that withdrew from verification were moved to the China-wide rate of 220.87%.

Inventories at the same wholesalers edge up 0.7% on the month and up 4.1% from a year earlier.

Canadian building permits, Norway's roundwood harvest, Japan's corporate goods prices and Slovenia's roundwood purchases are also scheduled.

The treated wood pole and railway tie maker expects its 2026 EBITDA margin to stay below its 17.5% to 18.5% target range.

The contract closed at $500 per thousand board feet, down 2.9% on the week.

Hardwood logs gained 4.4% and total log imports into the region fell 2% from August.

The industrial packaging maker sees no clear sign of a demand recovery and set fiscal 2027 adjusted EBITDA guidance at $645 million at the low end.

Hardwood lumber edged down 0.8%, while lumber imports into the region fell 5% from August.

New listings dropped to the lowest level since January, while pending sales set another record low.

The benchmark hit its lowest level in 12 months as U.S. import volume dropped 28.3%.

The index lost $10, or 2%, from $459 the previous week and is 10% lower than a month ago.

The International Trade Commission found no injury to U.S. producers, so the antidumping and countervailing duties set by the Commerce Department in October will not take effect.

Sylvamo would keep a right to 20% of the business's future distributions, while third-quarter adjusted EBITDA fell 19% to $128 million.

Wood product makers cut 400 jobs in October to 393,900, while construction payrolls were little changed at 8.367 million.

The plant near Alexandria will turn about 100,000 metric tons of Southern Yellow Pine mill residuals a year into biochar and carbon removal credits, with production expected in the second quarter of 2027.

The Rocklin and Sanger distribution centers would extend the company's reach across Northern and Central California and into Northern Nevada, with closing expected by mid-November.

Peace River grants of $13.0 million helped narrow the loss, and the company expects softwood pulp prices to rise modestly in the fourth quarter.

Most of the money, C$4 billion, would finance large new mills and biorefineries through a new fund at Export Development Canada.

The final rate is nearly three times the preliminary level for two of the producers and below it for the third.

The 15-year fixed mortgage rate declined, reaching 6.57% from 6.60% a week earlier.

Canada was the largest supplier, and its share rose 17.6 pp; Canadian shipments jumped 96.5% while Germany's fell 58.2%.

Petitioners withdrew requests for 14 companies, and Commerce found no reviewable entries for 20 others.

Canada's share rose 3.7 pp as Spain's shipments jumped 58.2%.

Canada became the largest supplier as its share rose 7.4 pp; Taiwan's share fell 11.8 pp.

The United Kingdom stayed the largest buyer as its share rose 11 pp, France's purchases grew more than twofold and Japan's fell 42%

China remained the largest destination as its share gained 1.1 pp, while India grew most at 14.9% and Indonesia's shipments shrank most at 18.8%.

The United States remained the largest buyer as its share rose 0.7 pp, while Mexico's shipments climbed 60.3% and Japan's fell 15.4%.

The timberland owner expects fourth-quarter lumber realizations to ease from the highest level since 2022 and will buy back up to $300 million more of its shares.

The petition by Alta Forest Products, Sierra Pacific Industries and Mendocino Forest Products alleges dumping margins of up to 296%.

Mexico led destinations as its share rose 1.2 pp, while Germany's shipments rose 15.1% and China's fell 47.9%.

The United States remained the largest destination as its share dipped 0.1 pp, while New Zealand's purchases grew more than fourfold and those to the U.S. fell 9.5%.

The United Kingdom stayed the largest buyer as its share slipped 4.2 pp; Italy's purchases grew 730-fold while Denmark's fell 33.8%.

Worthington, president of the UFP Packaging segment, succeeds Stanley Elliott, who is leaving the company.

Canada's share of U.S. softwood lumber imports rose 1.2 pp, while Germany's shipments dropped 18.1%, the steepest fall among large suppliers.

Brazil remained the largest supplier as its share rose 3.7 pp; Malaysia's shipments surged 94.5% and Vietnam's tumbled 78.3%.

The door and window maker expects 2026 adjusted EBITDA of $120 million to $150 million as cost cuts offset weaker volumes, and will keep its European business after a strategic review.

The decking maker expects fourth-quarter net sales of $175 million to $185 million and lower startup costs at its Arkansas plant as output rises.

The cuts take effect on January 2 at the mill West Fraser said last week it would idle indefinitely because of weak demand for wood products.

A U.S. tariff on Canadian paperboard idled the Temiscaming site in October, and the company pushed the conclusion of its strategic review to the first quarter of 2027.

The two-year project at the uncoated recycled paperboard mill in Virginia starts in early 2027 and keeps output at about 120,000 tons a year during construction.

Forty-three forestry associations say higher diesel prices add more than $920 million a year to the cost of hauling U.S. timber. A second coalition of 46 groups led by forest landowners made the same request a day later.

The cut applies only to the rates from the 2017 investigation that started the duties. The largest producers already pay rates set in annual reviews, so their payments do not change, while exporters never reviewed will pay 12.80% instead of 14.19%.

Net orders dropped in the first nine months, and the company now expects 4,600 to 4,800 home closings in 2026.

Net sales were flat at $2.19 billion as volumes rose 1% and prices slipped 1%. The paperboard packaging maker expects full-year adjusted EBITDA of about $1.05 billion and a return to EBITDA growth in 2027.

A judge halted the Forest Service relocation plan in mid-October in a lawsuit by federal employee unions. USDA has appealed and says the stay leaves 25 fire management posts and 10 avalanche center lead jobs unfilled.

Year to date, wood products shipments were up 0.4% and paper products shipments up 2.0%, against a 7.5% gain for all manufacturing.