The Vancouver-based company benefited in the final quarter from a supply-driven upswing in North American lumber markets and positive price developments. The business segments in Western Canada and the U.S. South improved significantly, while European results remained stable. Additionally, the sawmill in Axis, Alabama, was commissioned, and modernization of the Urbana facility in Arkansas was completed.
For the first half of 2025, Canfor anticipates continued volatility in the global softwood lumber market. In North America, economic and political uncertainties, along with limited affordability, could dampen demand for new construction, renovation, and repair work. On the supply side, plant closures—particularly in Western Canada—and market-driven production cuts are expected, which could lead to moderate price increases.
Increased tariffs put pressure on Canfor
In March, preliminary anti-dumping results for the POR6 review period were published. Following the final determination (expected in Q3 2025), the company’s overall deposit rate is likely to rise from the current 16.58% to 40.75%. Additionally, the U.S. Department of Commerce (DOC) is set to release preliminary countervailing duty results for POR6 by May, which could further impact tariff obligations.
