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“I just feel, from our point of view, we could be into this (the downturn) for awhile and we just have to buckle down and drive our costs down. That's what we're doing every day”
West Fraser Timber is preparing for a lengthy downturn in the lumber market, but company president and CEO Hank Ketcham wouldn't say Tuesday whether there are plans to temporarily shut down sawmills. via Prince George Citizen
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#1 Apr 25, 2007
The unfortunate reality is that the market is way oversupplied. Low cost producers are even losing money currently. the rebate from the softwood lumber deal likely only delayed the inevitable. There needs to be volume taken out of the market. Get ready for it, there will be some shutdowns coming.
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