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.

The British Columbia Lumber Trade Council urged Canada's federal government to engage with its U.S. counterparts to determine a way forward following the expiration of the Canada-U.S. Softwood Lumber Agreement, which expires Monday, Oct.12, 2015.

VANCOUVER, BC - Canfor and Conifex say an investment agreement between the two lumber producers for $30 million has been completed. The loan by Canfor (TSX:CFP) to Conifex Inc., a wholly-owned subsidiary of Conifex Timber (TSX:CFF) is for five years, with the proceeds to be used for general corporate purposes.

CROSS CITY, FL - Softwood lumber producer Suwannee Lumber Co. LLC  has named James H. Langdale its new CEO. Langdale succeeds Frank “Bump” Faircloth, who will become chairman of Suwannee’s Board of Directors.Langdale has more than 23 years of experience in the forest products industry, most recently at Pannon Enterprises LLC, a consulting firm he headed. Faircloth, who  served as CEO of Suwannee since 1992, oversaw the company's growth from $5 million in revenue in 1992 to over $100 million in revenue in 2014.

Sanctions on Russia and the fall in oil prices by over 50 percent in the world market have shaken Russian financial institutions, changing the outlook for production and exports of forest products in 2015.

With a $57 million investment Weyerhaeuser Company will install two continuous direct fired kilns and a new planer mill at a softwood lumber mill in Philadelphia, MS.