Newsroom: Industry News
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.