from Woodworking Network
Chinese buyers are buying more logs directly from log exporters, bypassing the U.S. sawmills.
According to Gerald Storey, Storey Sawmill & Lumber Co., the log exporters are buying better quality material, and they are paying well above normal market prices for those logs.
Storey Sawmill in Troy, Tennessee, is in the hardwood sawmill and lumber business and works primarily in red oak and poplar. Gerald Storey has talked to other sawmills in his area. All the sawmills his company competes with are experiencing the same thing. Storey said this Chinese buying started a few years ago, slowed down a bit, and now has picked up again — big time.
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