RANDOM LENGTHS: U.S. imports cooled in 1Q, stemming upward tide
EUGENE, OR, May 15, 2019 (Through a Knothole) -U.S. softwood lumber imports from offshore suppliers cooled in the first quarter after posting six straight annual hikes and soaring in 2018 to the highest volume in more than a decade.
Shipments slipped to 315 million board feet through March, lagging the year-ago total by 2%. A sluggish overall U.S. market in early 2019 contributed to the modest decline.
North American exports to overseas destinations, meanwhile, were mixed. Canadian shipments jumped 13%, fueled by resurgent sales to China. U.S. shipments plunged 33% amid fading demand from a once-bustling Chinese market. The escalating ...