big conglomerates (weyerhaeuser, Stimson etc) are holding, not meeting demand, allowing price to run up, to cause independent mills to become over leveraged (build new mills etc with debt that can only be serviced by the current high prices), and once the independent mills are all in, the big guys will flood the market, tank the price, the smaller outfits go out of business and the big guys buy up their assets in bankruptcy proceedings for pennies on the dollar.