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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DOC Office of Enforcement and Compliance’s Position on CVD Rate to be used

DOC Office of Enforcement and Compliance’s Position on CVD Rate to be used

Madison’s is becoming increasingly alarmed that — through sheer lack of clarity and basic instructions to US Customs Border agents — the US has a sneaky way of applying the highest announced softwood lumber duty rates to the widest range of companies: what is “all others”?? that’s not a legal definition. is the duty rate to be charged on the First Mill prices as always before (the primary sawmills which process raw timber), in other words the price of the…

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US Customs and Border Protection Instructions re: CVD/CC Preliminary Determinations

US Customs and Border Protection Instructions re: CVD/CC Preliminary Determinations

The level of sheer disorganization and lack of clarity on this latest US softwood lumber duty is appalling even to Madison’s, where we are used to a cumbersome and unclear process at the beginning of every new Canada-US Softwood Lumber Dispute: The US. Department of Commerce’s Preliminary CVD Announcement was published in the Federal Register today, April 28th – Volume 82, Page 19657, 19658, and 19659. US Customs and Border Protection Instructions re: CVD/CC Preliminary Determinations CLICK TO DOWNLOAD *NEW*…

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Investigation of Certain Softwood Lumber Products from Canada: C-122-858

Investigation of Certain Softwood Lumber Products from Canada: C-122-858

SUBJECT Decision Memorandum for the Preliminary Determination in the Countervailing Duty Investigation of Certain Softwood Lumber Products from Canada   C-122-858 Investigation Public Document E&C/OI, OIII: Team   The Department1 preliminarily determines that countervailable subsidies are being provided to producers and exporters of certain softwood lumber products in Canada, as provided in section 703 of the Act. CVD Decision Memorandum  

Countervailing Duty Investigation of Softwood Lumber Products from Canada: C-122-858

Countervailing Duty Investigation of Softwood Lumber Products from Canada: C-122-858

FROM THE US FEDERAL REGISTER ON SOFTWOOD LUMBER DISPUTE V : Countervailing Duty Investigation of Softwood Lumber Products from Canada: Company Exclusions Summary For the reasons detailed below, we have determined that the Department of Commerce (“Department”) lacks the authority to conduct the company exclusion process. Background On March 29, 201 7, a letter presenting a proposal for company exclusions was filed on behalf of the Government of Canada (“GOC”), Canadian provincial and territorial governments, as well as the Canadian…

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Certain Softwood Lumber Products from Canada – BILLING CODE: 3510-DS-P

Certain Softwood Lumber Products from Canada – BILLING CODE: 3510-DS-P

Madison’s Lumber Reporter has obtained the Softwood Lumber Dispute V documents that were filed with the US Department of Commerce: DEPARTMENT OF COMMERCE International Trade Administration C-122-858 Barcode:3566056-01 C-122-858 INV – Investigation – Certain Softwood Lumber Products from Canada: Preliminary Affirmative Countervailing Duty Determination, and Alignment of Final Determination with Final Antidumping Duty Determination AGENCY: Enforcement and Compliance, International Trade Administration, Department of Commerce SUMMARY: The Department of Commerce (the Department) preliminarily determines that countervailable subsidies are being provided to…

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US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017

US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017

US Lumber and Other Construction Materials Trade for Jan-Feb 2017 are up 7.7% to US$42,933 million, from US$40,475 million for the first two months of last year. Full-Year 2016 US Construction Trade was US$122,384 million, up 7.7% from full-year 2015. US Lumber and Other Construction Materials Trade: Jan-Feb 2017 US Log Exports to the WORLD for Jan-Feb 2017 are up 12% to US$211 million, from US$186 million for the first two months of last year. Full-Year 2016 US Log Exports…

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Softwood Dimension Construction Framing Lumber Prices….a long term retrospective

Softwood Dimension Construction Framing Lumber Prices….a long term retrospective

Regular weekly sources for Madison’s Lumber Reporter say the price of North American softwood lumber is getting worked out in the marketplace right now. FOR EXAMPLE (from a large stocking softwood lumber wholesaler on the US eastern seaboard, morning of Wed, Apr 26): Most of the Canadian mills stayed away from the market yesterday. They were concerned about the retroactive part of the CVD ruling which has them reconciling their accounts as to what is owed on what they have…

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North American Dimension Softwood Lumber Market Update: April 2017

North American Dimension Softwood Lumber Market Update: April 2017

This week, Canadian forest products operators were put out of some of their uncertainty and found out preliminary trade actions on softwood lumber by the US. Final determinations will be at the end of November 2017, for both countervailing (CVD) and anti-dumping (AD) duties. Please see http://madisonsreport.com/us-softwood-lumber-duty-announcement-apr-24-2017-20-per-cent/ for details on the latest duty announcement April 24, 2017. NORTH AMERICA SOFTWOOD DIMENSION LUMBER MARKET 1Q 2017 WRAP-UP : 1) Canada and US lumber production is up 5-6% compared to last year…

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US Housing Starts, Home Sales: February & March 2017

US Housing Starts, Home Sales: February & March 2017

Total housing starts in the US declined in March, after a strong pace was recorded in February. Total starts were down almost 7 per cent, falling to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD April 18. Single-family starts posted a monthly decline of 6 per cent in March, falling to an 821,000 annual rate. The February annualized rate, 875,000, was the fastest monthly pace since the Great Recession,…

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