West Fraser says lumber duties, OSB and southern yellow pine oversupply, and housing affordability constraints keep wood building products markets pressured. It expects another year of modest demand in 2026 and reiterates lumber and OSB shipment targets.
The company attributes the write-down to prolonged weak U.S. lumber market conditions and projects stable 2026 input costs with capital spending of $300 to $350 million.
The American Wood Council also elects new vice chairs from SmartLam and PotlatchDeltic, effective January 2026.
Closure and ongoing idling in Georgia to lower total OSB output by 1.3 billion square feet and result in a $200 million impairment loss.
Closures will remove 300 million board feet of capacity and affect 295 employees in Georgia and British Columbia.
Lumber segment loses $123 million, with $67 million tied to U.S. duties.