Hardware Retailing

JUL 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

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Page 86 of 96

Upcoming Events HARDWARE RETAILING | July 2017 82 Newsmakers Long-Term Impact of Tariffs on Canadian Lumber Unclear T ariffs the U.S. government implemented in late April on Canadian softwood lumber haven't had a jarring impact on lumber prices in the U.S. so far, according to some American lumberyard owners. U.S. Secretary of Commerce Wilbur Ross explained in an April 25 press briefing that a 20-percent tariff wasn't expected to increase the price of lumber drastically and would help American lumber mills by decreasing the pricing advantage Canadian lumber sellers could offer due to government subsidies. Bill Klingbeil, owner of Klingbeil Lumber Co. in Medford, Wisconsin, was concerned that lumber prices would jump due to the tariffs, but he hasn't seen much of an impact yet. "It was such an awfully wet spring, so building was not at a robust time," he says. "It didn't affect people as much as we might think." Klingbeil had expected prices to go up on the 80 percent of lumber he sources from Canada. Klingbeil Lumber's two-by-four and two-by-six lumber, which is commonly used in homebuilding, is typically a high-quality Canadian spruce. "If they cut back on their shipments to the U.S., people are going to want to pay for that better product, and I think that's going to affect pricing across the board," Klingbeil says. "But, we'll see what happens. I don't know if everything has panned out yet." Koopman Lumber in Massachusetts also buys about 80 percent of its lumber from Canada and experienced price increases on Canadian lumber initially. "The price has gone down since then," Dirk Koopman, owner and CEO, says. "I think it's because of demand. It's been a slow, wet spring, and I think people knew this was coming, so they had a little more lumber bought than normal." Find more details about these events and others online at TheRedT.com/calendar. To have your event added, contact Kate Klein at kklein@nrha.org. July 28-30 United Hardware Fall and Winter Buying Market Minneapolis August 15-17 Independent Garden Center Show Chicago 17-19 Ace Hardware Fall 2017 Convention & Exhibits Chicago 24-26 Orgill Inc. Fall Dealer Market Boston September 3-5 Spoga+Gafa Cologne, Germany 8-10 Horizon Distribution Annual Conference & Trade Show Yakima, Washington 8-10 HDW 2017 Fall Dealer Market Shreveport, Louisiana 15-16 Blish-Mize Fall Buying Market Overland Park, Kansas 21-23 The Bostwick-Braun Co. 2017 Fall Dealer Market Toledo, Ohio 23-26 Home Hardware Fall Dealer Market St. Jacobs, Ontario 25-27 True Value Fall Reunion Chicago Upcoming Events Klingbeil Lumber Co. in Medford, Wisconsin, buys about 80 percent of its lumber from Canadian mills, which produce high-quality softwood used in homebuilding.

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