Paper & Pulp Mills
Nippon Paper: critical equipment at Longview mill not severely damaged; production still halted Update: In its sixth update, Nippon Paper Industries said inspections indicate critical production equipment was not severely damaged, and environmental monitoring has so far found no significant public-health impacts from the roughly 550,000-570,000 gallons of white liquor released. Source: Nippon Paper Group
Forestry & Timber
May US housing starts drop 15.4%, multifamily plunges US housing starts fell 15.4% in May to a 1.18 million-unit annualized rate, with multifamily construction down 40.2% to 295,000 units and single-family starts off 1.9% to 882,000 units — a soft demand signal for lumber and structural wood products heading into summer. Source: Woodworking Network