Louisiana-Pacific to Curtail OSB Production at Jasper, Texas Facility

MT newswire2026/09/01 19:05

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

03:05 PM EDT, 09/01/2026 (MT Newswires) -- Louisiana-Pacific (LPX) said Tuesday it will "indefinitely" curtail the production of oriented strand board at its Jasper, Texas facility starting October due to soft demand. "Current market conditions require us to align OSB production with demand," said CEO Jason Ringblom. "While the near-term environment for OSB remains challenging, we are confident in LP's strategy and our ability to create long-term value." The company said it will provide job search and career transition to affected employees. Price: 68.87, Change: -1.65, Percent Change: -2.33

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41