North American's newsprint industry remains depressed due to surplus capacity at a time of declining domestic demand -- but improved export orders supported the weakened market in May.
Dillon expected a further newsprint price hike attempt later this year, despite the sluggish market. To be successful, the two biggest producers, Abitibi and Bowater, would have to support it, and that is not likely to occur until after the merger is completed “due to concerns that such a move might be misread by regulators,” said Dillon.
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