•Uncoated free sheet(UFS) paper shipments were essentially flat compared to August 2014, with imports of UFS decreasing 29 percent year-over-year in July. •Coated free sheet (CFS) paper shipments decreased 7 percent compared to August 2014. Imports of CFS papers decreased 15 percent in July, the second year-over-year decrease in the past 12 months. •Uncoated mechanical (UM) paper shipments decreased 13 percent when compared with August 2014. Imports of UM papers were down 16 percent in July, the thirteenth consecutive monthly decline. •Coated mechanical (CM) shipments in August decreased 18 percent relative to August 2014. Imports of CM increased in July, up 29 percent, while exports of CM were down 34 percent, the second decrease in the past six months.
On 21.5.2018, the Helsinki Court of Appeal rendered its judgment in a case in which Metsähallitus claims damages from Metsäliitto Cooperative, Stora Enso Oyj and UPM-Kymmene Corporation based on their conduct on the wood market in 1997–2004. In its judgment, the Court of Appeal rejected the claims made by Metsähallitus and ordered Metsähallitus to compensate the defendants’ legal costs.
The total amount of the joint and several claim for damages made by Metsähallitus in the Court of Appeal was 124.9 million euros. Metsäliitto Cooperative’s share of the capital of the claimed damages was 39.1 million euros. In addition, Metsähallitus claimed compensation for indirect damages, VAT, interest and compensation for legal costs.
The Helsinki Court of Appeal has in its judgement concluded that the companies’ conduct has not been shown to have had a lowering impact on wood prices in 1997–2004.
The judgment of the Court of Appeal is not final.