11. Lumber producers, for example, have seen prices plummet as a result of lower demand for home construction materials in Japan. 12. Louisiana-Pacific, a large lumber producer, is expected to post a loss. 13. Other lumber producers, including Canfor Corp., also have cut or plan to curtail output because of weaker lumber markets in Japan and the U.S. 14. Other major lumber producers are Weyerhaeuser Co. and Georgia-Pacific Corp. 15. Shares of lumber producers could rise today after Canada agreed to reduce softwood lumber exports to the U.S. by nine percent. 16. Some U.S. lumber producers fear a flood of imports at a time when sawmills here are already struggling. 17. The Commerce Department on Wednesday accused Canadian lumber producers of unfair trade practices and imposed a double-digit duty on their exports to the United States. 18. U.S. lumber producers have argued that Canadian imports are sold at subsidized prices. 19. U.S. lumber producers have been pressing for the tariffs since quotas on Canadian softwood lumber shipments expired in the spring. 20. Wood and other lumber producers say their main complaint is the way timber is sold in the two countries. |