Lumber prices on the rise after sawmill closures and downtime

Sawmill closures and production curtailments are driving up lumber prices, according to Madison’s Lumber Reporter. In an analysis shared by trade periodical Canadian Forest Industries, the journal describes “an improving feel to the market” among Canadian sellers of western spruce-pine-fir lumber.

“Prices [continue] to firm up and order files stretched into the two- to three-week range on many items,” the article states, adding that some buyers are sitting out the price increases while others are being “spurred into action” by the uncertainty in the supply chain.