Steep declines in multifamily housing starts contributed to a disappointing finish for the 2023 Canadian housing market. According to the Canadian Mortgage and Housing Corporation, November housing starts for all areas declined by 22% from last month. Starts were logged at an annualized rate of 212,624 units, down from 272,264 in October, a 19% drop […]

Softwood lumber traders worldwide begin 2024 with a glimmer of hope that a post-pandemic new normal might finally emerge after several years of upheaval. Plateauing interest rates and encouraging signs in the U.S. housing market in late 2023 provided a reason for guarded optimism in North America. U.S. and Canadian exports to China increased last […]

Another year is behind us, with no shortage of discussion topics when reflecting on the US residential construction and wood products markets in 2023. In many ways, the year played out how our team expected as we laid out in last year’s “Predictions” piece. Here is how our predictions played out throughout 2023: Want to […]

Decarbonization of the steel industry in Asia is set to accelerate, with steelmakers pressed to export more amid weak local demand and oversupply, necessitating the increase of low-carbon steel supply

Steel market participants gathered at the Nordics regional meeting of steel distributors’ association Eurometal in Copenhagen, Denmark on Thursday October 5, where key discussion topics were how the EU’s Carbon Border Adjustment Mechanism (CBAM) will operate and the risks importers face once it reaches final implementation