Most major containerboard producers are reducing supply

From Deutsche Bank - Equity Research
International Paper (#1 producer) has idled 2 large machines with almost 700K tpy of capacity this autumn. IP is also "slowing back" production at other mills to the tune of 200K tons in Q4. With less fanfare, the #2 producer, Smurfit-Stone, has permanently shuttered a
135K tpy machine and is idling machines at 5 different mills during Q4. The #3 and #5 containerboard producers, Georgia-Pacific and PCA, are reportedly operating their mills on a "slow-back" strategy.