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Afternoon Coffee: Colonial Pipeline back; US lumber demand; etc.

News roundup: Colonial Pipeline up and running; Proactis and Aurachain partner; US lumber demand leading to European competition. ....

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As U.S. lumber prices soar, importers look to Europe for wood

Lumber prices have reached new peaks on a near daily basis in recent weeks, quadrupling from just a year ago. ....

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'Rowdy, rock 'n' roll surreal market': U.S. lumber importers drive buying mania for European wood

Article content
Facing skyrocketing lumber prices at home, U.S. importers are driving competition for European wood, and winning.
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories. Lumber prices have reached new peaks on a near daily basis in recent weeks, quadrupling from just a year ago. The unprecedented rally has been spurred by low borrowing rates, an increased appetite for larger homes, and a frenzy of do-it-yourself renovations during the pandemic.
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United States , Thunder Bay , United Kingdom , Marcy Nicholson , George Frey Bloomberg , Thomas Mende , William Giguere , Geoff Berwick , Binderholz Gmb , Daniela Sirtori Cortina , Paul Bouchard , Fraser Timber Co , Foreign Agricultural Service , European Union , National Association Of Home Builders , Binderholz Timber Inc , North American , Atlantic Forest , National Association , Agricultural Services , Binderholz Timber , Binderholz Gmbh , Hans Joachim Hormel , Baden Wuerttemberg State Forest , British Columbia , Chief Executive Officer Paul ,