Prices paid for goods used in residential construction decreased by 1.1% in June (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics.
The latest announcement of major sawmill curtailments Monday, this time with Canfor making production cuts at all its facilities, caused a complete reversal of lumber futures prices on the Chicago Merchantile Exchange.
Canada have filed an appeal concerning the WTO panel report in the case brought by Canada in “United States — Anti-dumping measures applying differential pricing methodology to softwood lumber from Canada”.
Canada will appeal last week’s decision by the World Trade Organization (WTO) which ruled to allow the United States to use “zeroing” to calculate anti-dumping tariffs, Foreign Minister Chrystia Freeland said in a statement on Monday.
Researchers from Washington State University’s Composite Materials and Engineering Center are assisting the Composites Recycling Technology Center to develop new housing materials from heat‑treated wood and recycled carbon fibers.