Euro-Graph Publishes October 2021 Statistics of the European Graphic Papers Industry

The United States International Trade Commission (USITC) today determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of certain uncoated groundwood paper from Canada that are allegedly subsidized and sold in the United States at less than fair value. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson and Meredith M. Broadbent voted in the affirmative. As a result of the Commission’s affirmative determinations, the U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations on imports of this product from Canada, with its preliminary countervailing duty determination due on or about November 2, 2017, and its preliminary antidumping duty determination due on or about January 16, 2018. Click Read More below for additional detail.

Funds managed by Oceanwood Capital Management and Aker Capital AS, a wholly owned subsidiary of Aker ASA, have today issued a joint press release stating the intention to form a new company (Bidco), which will bid in an auction process to ensure that there is a strong new owner of Norske Skog's paper mills. The board of directors of Norske Skogindustrier ASA is pleased that Aker, with its strong industrial knowledge and financial expertise, has taken a role together with Oceanwood in the recapitalization of the Norske Skog group. The board of directors of Norske Skogindustrier ASA will continue to safeguard the interest of all its stakeholders through the recapitalization process. As part thereof, the Norske Skog group's seven paper mills will continue as normal, and our customers, suppliers and other business partners will continue to receive high quality products and the best service from Norske Skog without interruption through the remainder of the recapitalization process. Click Read More below for additional information.

According to the report, total printing-writing paper shipments decreased 1% in July compared to July 2021. U.S. purchases of total printing-writing papers increased 3% in July compared to the same month last year. Total printing-writing paper inventory levels increased 2% when compared to June 2022. • Uncoated free sheet (UFS) paper shipments decreased 1% compared to July 2021 while the inventory level increased 5% compared to June 2022. UFS imports increased 8% while exports decreased 25% in June 2022. • U.S. purchases of coated free sheet (CFS) papers in July increased 2% compared to last July while the inventory level decreased 1% compared to June 2022. CFS imports and exports both increased compared to June 2021, up 32% and 6% respectively. • Coated mechanical (CM) paper shipments decreased 18% compared to July 2021 while the inventory level increased 2% compared to June 2022. CM imports increased 48% while exports decreased 41% in June 2022. • U.S. purchases of uncoated mechanical (UM) papers in July increased 16% compared to last July while the inventory level decreased 13% compared to June 2022. UM imports increased 9% while exports decreased 10% in June 2022.