'Unprecedented collapse' in lumber prices forces one Canadian sawmill to curb production
Lumber companies may have added too much production, too quickly, with lumber sinking 70 per cent since May
At least one mill in Western Canada has been forced to curtail production because of plunging lumber prices and soaring log costs.
Conifex Timber Inc. said it will temporarily slow production at its sawmill in Mackenzie, British Columbia, due to an “unprecedented collapse in lumber prices.” It will curtail production for two weeks starting Aug. 23.-- More...
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