Market News of Note

Norske Skog reported a pre-tax profit of NOK 120 million for the third quarter of 2025, a significant improvement from a loss of NOK 144 million in the same period last year, according to Norske Skog ASA. The result was driven by lower fibre costs and positive valuation effects from Norwegian energy contracts, despite decreased paper prices across both main segments.

Holmen reported an operating profit of SEK 2,531 million for January to September 2025, down from SEK 3,005 million in the same period last year, due to low electricity prices and maintenance shutdowns in its Board and Paper division.

Showing the way forward, Metsä Group will introduce a data-analytics-based operating model for wood trade, in which the bearing capacity of soil and the prevailing weather conditions determine the harvesting time for felling sites.

Reported earnings in the third quarter of 2025 include special items for costs and charges related to the Greif containerboard business acquisition and costs related to closures of corrugated products facilities.

West Fraser Timber reports a third-quarter loss of $204 million, driven by weak North American housing demand and a $67 million duty expense linked to finalized U.S. softwood lumber tariffs.

Stora Enso's Q3 2025 sales rose by 1%, driven by acquisitions and new production lines.

Södra posted a negative result for the third quarter of 2025. The result was impacted by the continued uncertain external environment combined with low demand and negative exchange rate effects.

Delivered another solid quarter in a dynamic environment.

Interfor Corporation plans to cut lumber production by approximately 250 million board feet in the fourth quarter of 2025, a 26% decrease from the 936 million board feet produced in the second quarter. The new figure increases the company's previously announced plan from which targeted a reduction of approximately 145 million board feet between September and December, representing a 12% decrease from normal operating levels.

Trump imposes additional 10% tariff on lumber, 25% on wood products.

Demand for packaging has not become worse, nor has it become better, Mondi CEO Andrew King told analysts, adding that weakness in fine paper has persisted, with competitors fighting for share in a shrinking market.

Western Forest Products will curtail lumber production at its British Columbia sawmills by 50 million board feet in the second half of 2025, equal to 6% of its annual lumber capacity. The company attributes the reduction to weak markets, higher U.S. softwood lumber duties imposed in August 2025, and limited economic log supply, according to Western Forest Products.

Pete Hoekstra says he hopes the United States and Canada can strike a deal on softwood lumber, an issue that predates both of Donald Trump's terms in Washington.

Coniferous Bidco AB has acquired over 90% of Nordic Paper shares.

Lumber prices have dropped 25% since early August, as uncertainty over tariffs, oversupply, and a slowdown in U.S. homebuilding continue to weigh on demand. In response, major North American producers are scaling back output.

Net income decreased 49.6% to $39.3 million or $0.67 per diluted Class A share compared to net income of $78.0 million or $1.35 per diluted Class A share primarily due to a $46.1 million gain from the divestiture of Delta Petroleum Company, Inc. during the third quarter of 2024 (the "Delta Divestiture").

Suzano on Thursday said it will raise pulp prices by $20 per metric ton in Asia, and by $80 per ton in Europe and the United States.

Rottneros has decided to write down the value of fixed assets in Rottneros Mill. The reason is that the mill cannot utilize its full capacity in the prevailing weak market for the mechanical pulp CTMP. The impairment charge amounts to SEK 140 million.

Suzano, the world's largest pulp producer, announces its results for the second quarter of 2025 (2Q25), reporting sales of 3.7 million tonnes of pulp and paper. Sales increased 28% over the same period in 2024 (2Q24), mainly reflecting the strong operational contribution of the new Ribas do Rio Pardo pulp mill, whose production started in July 2024. Net revenue in the quarter totaled R$13.3 billion, a 16% increase compared to 2Q24.

Interfor recorded net earnings in Q2'25 of $11.1 million, or $0.22 per share, compared to a net loss of $35.1 million, or $0.68 per share in Q1'25 and a net loss of $75.8 million, or $1.47 per share in Q2'24.

Net loss was $17.4 million in the second quarter of 2025, as compared to a net loss of $5.7 million in the second quarter of 2024, and net income of $13.8 million in the first quarter of 2025.

The Alpharetta, Georgia-based company said it had a loss of 18 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 33 cents per share.

Operating income of $36 million (compared with $50 million in Q1 2025 and $34 million in Q2 2024)

Second quarter net income attributable to Rayonier of $408.7 million ($2.63 per share), pro forma net income of $9.6 million ($0.06 per share), and Adjusted EBITDA of $44.9 million.

Sappi reported a $33 million loss for the third quarter to June 2025, versus a $51m profit at the same time last year, but a better result is anticipated in the fourth quarter, CEO Steve Binnie said Thursday.