Canadian producers to appeal softwood ruling, expect to pass the costs to U.S. consumers

By Geoffrey Morgan
The National Post
December 8, 2017
Category: Business & Politics
Region: Canada, United States

CALGARY – Lumber producers in British Columbia are already working on an appeal after the U.S. International Trade Commission ruled Thursday that Canadian softwood imports have hurt American companies. “I’m quite stunned that there’s a decision that says the industry is injured because the industry in the U.S. is experiencing and enjoying record levels of operating profitability. …“I went to the hearing and listened to the U.S. industry talk about how they were injured. Then, we had their same companies crowing on their analyst calls that the future looked very bright and demand was fantastic and profitability hadn’t been so good since 2004,” Yurkovich said. …“Right now prices are high enough, and we think they’ll continue to be high enough, that we think the majority of Canadian producers are going to keep going,” Kevin Mason [ERA] said. “We’re going to have record-breaking fourth-quarter (earnings) numbers coming out.”

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