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.
Madeira serrada
Adjusted EBITDA fell to $985 million from $1,013 million, while total assets rose, largely from the Sucuriú project in Brazil.
The family-owned group needs several profitable years before it can fund the Kinnared project, its sawmill chief says, and has set no new date.
A $53.2 million impairment on a previously curtailed Eastern Canada mill drove much of the net loss, while the company expects price fluctuations through early 2027.
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.
A pilot at the company's new sawline showed that up to 4% of the volume from final fellings can move from pulpwood to sawn products.
Petitioners withdrew requests for 14 companies, and Commerce found no reviewable entries for 20 others.
Wood-panel and other wood product prices gained 0.2% on the month, with their annual rise at 4.7%.
Annual growth outpaced that of Slovak industrial producer prices by 8.1 percentage points.
Price for SYP lumber exported from the U.S. contracted 5.7%.
The Australian Forest Products Association estimates that up to 100,000 cubic meters of imported timber products a year may contain Russian fiber, enough for 15,000 homes, and wants testing and country-of-origin labeling.
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.
Exports of lumber from Canada decreased slightly 0.8%.
The petition by Alta Forest Products, Sierra Pacific Industries and Mendocino Forest Products alleges dumping margins of up to 296%.
Worthington, president of the UFP Packaging segment, succeeds Stanley Elliott, who is leaving the company.
Housing completions in Germany are expected to drop below 200,000 in 2026, the lowest since 2011, and the sawmill association warns against planned cuts to new-build subsidies.
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.
The board set him the tasks of reaching a sustained positive operating cash flow, raising capacity utilization and cutting debt.