Forest products industry feels impacts of COVID-19
May 7, 2020
SEELEY LAKE – Since economies around the world have ground to halt in the last month, there are very few industries that haven’t seen an impact. While the lumber prices have dropped an average of 20% in the last month for the products Pyramid Mountain Lumber, Inc. produces, Pyramid has remained operational through the coronavirus pandemic thanks to their employees. They are continuing to invest another $1.3 million in their phased upgrades to the mill.
Chief Operations Officer Loren Rose said this year was lined up to be a really good year. Prices were really strong, supply and demand...