Paper Market Update — Paper Industry Strikes Out

July opened with an agreement to end a labor strike that had shut down the Finnish paper industry for seven weeks. Yet, announcements of the deal still included speculation that the full impact of the shutdown had yet to be felt by the global marketplace.

About the same time, it was announced that negotiations to end a strike at UPM Kymmene's Miramichi, Canada, paper mill had broken off. No new talks were scheduled.