The company also noted that high energy
costs and significant downtime across its mills also would cause the shortfall.
The company expects downtime to top 200,000 tons for the fourth quarter.
“On the positive side, product pricing
remains stable even in the face of poor demand, following the $15 per ton
decline in containerboard in January,'” Curran added. 'We hope that government
fiscal stimulus will lead to a weakening dollar and a pick-up in the economy,
which would increase demand in the second half
According to one paper industry analyst, the drop in prices for the raw materials that go into packaging -- containerboard fell about $20, or 5 percent, a ton in January from the month before.
Explore the March 2001 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- CMRA selects venue for nonferrous recycling event
- Biffa adds C&D recycling firm to its portfolio
- Cliffs lines up funding for Canadian acquisition
- BIR joins plastics life cycle effort
- Black mass analysis in the sights of equipment maker
- Commercial Solar Panel Recycling seeks to further green the solar power industry
- Commentary: Novelis takes end-of-life automotive recycling to the next level
- Scrap Inventory Digitalization: Where Efficiency & Insights Deliver Profitability