Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Rubber and Wood November 30, 2021 05:00:44 PM

Sawmill Profits in Europe, North America Surged to Hit All-Time Highs

Paul Ploumis
ScrapMonster Author
The boosted lumber demand coupled with high operating rates at mills led to elevated costs for sawlogs in 2020.
Sawmill Profits in Europe, North America Surged to Hit All-Time Highs

SEATTLE (Scrap Monster): The sawmill profits continued to surge during the spring and early summer in 2021 in North America and Europe. The unprecedentedly high lumber prices and comparatively less surge in sawlog costs boosted the sawmill profits to record highs in second quarter of the year, said the latest report released by the Wood Resources Quarterly (WRQ).

The boosted lumber demand coupled with high operating rates at mills led to elevated costs for sawlogs in 2020. The gross margins more than doubled in Europe and almost tripled in North America over the past year. However, the sharp dip in lumber prices led to significant fall in margins during July and August 2021.

The Nordic countries too witnessed increased profit levels for sawmills, though at a slower pace than in Canada and the U.S. The gross margins for sawmills hit the highest level in over 15 years in the Nordic countries.

The profits of Swedish lumber companies rose faster than the Finnish companies. They were mainly benefited by lower sawlog costs and higher share of lumber shipments to key high-paying markets. Meantime, the lower-cost markets such as the MENA region and China served as the primary destinations of Finnish lumber exports.

YOU MAY ALSO BE INTERESTED IN:

Global Softwood Fiber Costs Surged Significantly in Q2 This Year

WRQ Signalled Highly Resilient U.S. Lumber Markets

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search