Read the data behind our lumber prices outlook 2025

Use the arrows to click through the data story and understand the numbers behind our projections.

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Front-loading cleared roughly €780 million in CBAM liabilities before the definitive phase began. The pattern is unlikely to be a one-off as free allowances step down toward zero in 2034.
The European Commission's draft CBAM carbon price legislation, published May 13, sets out how carbon costs paid abroad will count toward EU import obligations. It also caps Article 6 credit usage at 10% of emissions and applies retrospectively from January 2026.
Europe's green steel ambitions were built on affordable hydrogen that hasn't materialised. Thyssenkrupp and Salzgitter delays, scaled-back supply targets, and a shift to dual-fuel DRI configurations now define the transition.
March reinforced a cautious, largely stable European sawn timber market, with only selective price moves. Rising Nordic log costs, weather and geopolitical uncertainty are tightening margins, while UK inventory overhang and storm-related supply risks could drive volatility into Q3.
Learn how global energy shocks and delayed housing recoveries will challenge the North American wood products market in 2026. Learn to protect your margins. Read more.
Few industrial transformations are as exposed to a single policy signal as green steel — where the EUA price can be the difference between a viable business case and a stranded asset.