Active European export markets have provided a summer boost for North American timber companies, according to industry newsletter Hardwood Review Export.
Orders for August and September are said to have grown significantly, with activity in southern Europe better than northern Europe. The US dollar’s fall in value is partly responsible for the improved sales.
Oak remains a popular species on the market place and European buyers continue to demand more strips and other sorted products. Dimension manufacturers noted poor sales to export accounts.
However, several mills in North America had to close briefly during July because of low supplies of logs and lumber.
