Cutting tool consumption up 8.3% in 2017

December U.S. cutting tool consumption totaled $175.00 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 collaboration, was down 5.4% from November’s $185.00 million and up 10.0% when compared with the $159.17 million reported for December 2016. With a year-to-date total of $2.195 billion, 2017 is up 8.3% when compared with 2016. More