Raw Materials

Today, the U.S. Department of Commerce announced its procedures for excluding products from the recently announced tariffs on steel and aluminum product imports.

On March 8, President Trump signed two proclamations to temporarily increase tariffs on imported steel by 25 percent and aluminum by 10 percent. The new tariffs will take effect March 23, but it’s currently unclear how long they will remain in place and which countries they will ultimately be imposed upon.

President Trump is anticipated to slap new tariffs on aluminum and steel later this week, or early next week. Some are wondering, will these be applied to everyone?

The Softwood Lumber Board (SLB) recently published this infographic to illustrate the extensive marketing efforts the SLB has undertaken on behalf of North American softwood lumber producers. 

Rex Lumber Co. plans to build a state-of-the-art lumber manufacturing facility in Pike County, AL creating more than 110 jobs and providing a significant economic boost to the region’s forest products industry.

Hunt Forest Products, a manufacturer and seller of Southern Yellow Pine plywood, veneer, and hardwood lumber, will team up with Tolko Industries, a Canadian specialty forest products firm, to build a $115 million state-of-the-art lumber mill in Louisiana.

The following is a perspective submitted to us by Matt Layman, publisher of Layman’s Lumber Guide. Matt has been publishing a lumber report since 1984 and regularly provides his expert analysis to SBCA chapters and individual members.

The following analysis is in reaction to the President Trump’s announcement he will pursue a 25 percent tariff on foreign sources of steel and 10 percent on foreign sources of aluminum.

When evaluating the past with a view toward the future of today’s North American softwood lumber markets, another factor to keep in mind is the relatively recent shift (since 2015) in the controlling ownership of U.S. mills, particularly in the southern yellow pine region.

When evaluating the past with a view toward the future of today’s North American softwood lumber markets, another factor to keep in mind is the relatively recent shift (since 2015) in the controlling ownership of U.S. mills, particularly in the southern yellow pine region.