US lumber futures remain below $600

US lumber futures have remained below $600 per thousand board feet since early April as weaker consumer sentiment and uncertainty surrounding developments in the Middle East continue to weigh on demand. At the same time, supply constraints in several regions have partly offset the decline in demand. Canadian sawmills remain under profitability pressure from elevated US duties and tariffs on softwood lumber imports. The United States recently outlined preliminary antidumping and countervailing duties on Canadian softwood lumber, reducing the antidumping rate from 20.6% to 10.7% while slightly lowering the countervailing duty from 14.6% to ...