Some believe more mills will close in the face of low demand for products, rising costs and increased competition from developing countries.
The analysts report that Abitibi-Consolidated, Domtar and Tembec all saw stock prices take a dive last year as they reported losses which caused sales, shutdowns and permanent closing of inefficient operations.
And it is predicted that while losses may not be quite as severe this year, they will still leave companies in the red.
