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Category: Lumber News

IMM Information Notice 17-IMM-001, Recommendation for Processing Entries Subject to the Canadian Softwood Lumber Countervailing Duty (CVD) Case C122-858

IMM Information Notice 17-IMM-001, Recommendation for Processing Entries Subject to the Canadian Softwood Lumber Countervailing Duty (CVD) Case C122-858

More excellent word from Madison’s very worthwhile source on the development of new softwood lumber duties for Canadian exporters shipping into the US: US Customs Brokers are instructed to revise all entries of Canadian softwood lumber captured by the present Canadian Softwood Lumber CVD Case facilitated on or after January 28, 2017 to type 03 CVD entries, and to collect and remit the CVD duties for these shipments at the specific CVD Case Rates by July 7, 2017. “We wanted…

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Softwood Lumber Tariff and US Housing

Softwood Lumber Tariff and US Housing

The conversation shifted slightly this week; or perhaps more correctly expanded, from specifics of assignation of US duties on imports of Canadian softwood lumber to the effects of that on a tenderly burgeoning US home building industry. Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the rst quarter of 2017, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released Thursday. US Housing…

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Canada Building Permits: March 2017

Canada Building Permits: March 2017

The value of building permits issued by Canadian municipalities fell 5.8 per cent to $7 billion in March, marking a second consecutive monthly decrease, said Statistics Canada May 9. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario and Quebec, registered decreases in the total value of building permits in March. Canada Building Permits: March 2017 Municipalities issued $4.6 billion worth of residential…

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New USTR Appointment Passes Senate

New USTR Appointment Passes Senate

One of many, many outstanding questions on the new Canada-US softwood lumber dispute was answered Friday morning when the US Senate approved US President Donald Trump’s appointment of US Trade Representative. The upper chamber voted with a large bipartisan majority Thursday to approve Robert Lighthizer, which gives the administration its U.S. trade representative and allows it to kick-start its NAFTA process, according to CBC Friday. Lighthizer was deputy U.S. trade representative under president Ronald Reagan and has worked on trade…

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Canada and US Lumber Production, Sawmill Capacity

Canada and US Lumber Production, Sawmill Capacity

Rates of production as percent of practical capacity for North American sawmills was 86% in the US for February 2017, compared to 84% the previous year and 86% for full year 2016, said the latest issue of the Western Wood Products Association Lumber Track May 8. US AND CANADA SAWMILL CAPACITY UTILIZATION: WWPA Capacity utilization of sawmills in Canada rose slightly to 92% from 91% in February last year, and compared to 90% for full year 2016. US AND CANADA…

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Madison’s Forest Pulse : 1Q 2017 Forest and Timber Analysis

Madison’s Forest Pulse : 1Q 2017 Forest and Timber Analysis

MADISON’S FOREST PULSE NEXT ISSUE RELEASED THIS WEEK….ORDER NOW TO NOT MISS OUT!! The information tool for your forest management and investment Our quarterly product is tailored to provide you with vital information about the North American solid wood, pulp, and paper industry at your fingertips in a timely manner. CLICK BELOW TO ORDER! FOREST PULSE TESTIMONIAL: Michael Low | Director & Group Lead, Commercial Banking | Scotiabank www.scotiabank.com : “I am amazed at the data you’ve been able to…

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US Softwood Lumber Duty 2017: Complete Confusion

US Softwood Lumber Duty 2017: Complete Confusion

Operators are suffering total bewilderment as US Customs and Border officials can not provide clarity on vital details of application of the new softwood lumber duties to entry waybills and pro-forma invoices. An experienced US customs broker, a good source for Madison’s, upon finally speaking to decision-makers at the US Commerce Department last week about critical questions of definition and distinction, was told two manifestly contradictory things within one minute: “The DOC conveyed Tuesday that “If an exporter who is…

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Canada Considers Retaliatory Trade Actions Against the Latest US Softwood Lumber Duties

Canada Considers Retaliatory Trade Actions Against the Latest US Softwood Lumber Duties

BREAKING NEWS MID-DAY FRIDAY: The Canadian government has found several Oregon business-assistance programs it says may constitute illegal subsidies. It is considering a process that could lead to retaliatory duties on imports from that state’s products, such as plywood, flooring, wood chips, packaging material and wine, according to several mainstream news sources mid-day Friday. Prime Minister Justin Trudeau will launch the first salvo in a letter to BC Premier Christy Clark, informing her that he’s seriously considering her request for…

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US New and Pending Home Sales: March 2017

US New and Pending Home Sales: March 2017

US sales of new homes shot up in March to the fastest pace in 8 months, the Commerce Department said April 27. Meanwhile according to the National Association of Realtors Friday, US pending home sales in March 2017 maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity. Home Sales, US The US Commerce Department said this past week that new-home sales rose 5.8 per cent last month to a…

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Material Updates on US Softwood Lumber Duty

Material Updates on US Softwood Lumber Duty

The much-anticipated Preliminary Countervailing Duty on a wide range of Canadian softwood lumber product exports into the US became known last week, but the announcement created more questions than it answered. Forest operators in the north scrambled to all available sources for answers about changes to paperwork and any new mechanism at the border, while those in the US tried to find out as much as they could about the effect of that for themselves. Canada US Softwood Lumber Duty…

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