Swedish market manager foresees timber shortage this spring that will boost prices

Only the sharpest sawmills are profitable right now. That's what Erik Eliasson, marketing manager at Norra Timber, says. But when interest rates turn downward, the turn will also come for the sawmills, he believes.  As far as the Nordic region is concerned, it has probably suffered the most marked economic slowdown in comparison with other parts of the world. In a short time, it has gone from close to 0 to just over 5 percent in variable interest rates for mortgages, driven by significant inflation. Since it has an enormously high proportion of variable loans, purchasing power changes ...