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US Market Affect European Lumber Prices

How Does the US Market Affect European Lumber Prices

US home building has grown, especially since the COVID-19 pandemic in 2020, at a balanced pace, and the lumber producers have slowly risen to reach the demand received from the constructors. However, the gap in the supply chain exposed during peak pandemic time is on the verge to become an issue for the longer term that keeps pressure on the US lumber prices. The lumber shipments from Canada to the United States (an extremely vital chunk of the supply to the US) were hit by around 20% in 2020 April.

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