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Industry News
16th May 2017

U.S. cutting tool 2017 YTD consumption up 5.9 percent in March

March U.S. cutting tool consumption totaled $200.05 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.3 percent from February’s $174.98 million and up 8.4 percent compared to the total of $184.57 million reported for March 2016. With a year-to-date total of $548.08 million, 2017 is up 5.9 percent compared to 2016.

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