The initiation is part of a broader notice covering multiple December-anniversary AD and CVD orders.
Marketing
Court says a 1977 emergency-powers law does not clearly authorize the 10% baseline duty and the fentanyl-linked tariffs on Canada, Mexico, and China.
Fourth-quarter sales fall 12.1% as the company cites housing affordability constraints, weak consumer confidence, and lower commodity pricing.
The industry cites U.S. import tariffs as a factor behind weaker U.S. exports and higher import pressure in Germany.
At a median home price of $413,595 and a 30-year mortgage rate of 6%, 88.2 million households are priced out, and a $1,000 increase prices out 156,405 more.
New-contract rates fall for pine and spruce logs, small timber, pulpwood, firewood, and gravel.
Weak lumber markets and higher U.S. trade costs pressure results, and the company expects early 2026 prices to fluctuate with winter weather and industry-wide lumber production curtailments.
Inventory totals 1.22 million units, while the median price rises to $396,800.
Import value increases 8.3% and the average import price rises 3.4%.
Weaker demand, adverse currency moves and higher raw material costs outweigh record pulp output and cost reductions.
Company says stronger Real Estate results offset weak timber markets, with Southern pulpwood pricing down and Pacific Northwest harvest volumes lower year over year.
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.
Import volume falls from the 2024 high to 3.91 million tons, while the average import price rises to $145 per ton.
Spruce shortages and higher pine output reshape supply, while expected rate cuts could lift 2026 building demand.
Multi-unit approvals rise 8.5% from November while single-family falls 6.2%.
Softwood lumber, accounting for 90.2% of total production, decreases by 3.5%.
Rental vacancies improve slightly in 2024, but owner vacancy rates remain below 1% nationwide.
Regional wood shortage and high Swedish prices drive Norway’s export growth.
Softwood accounts for 97% of total import volume.
Company expects 2026 recovery driven by cost savings and lower wood prices.