Browse by Editorial Category
Browse by Edition Date

July 2018

Skip Navigation Links.
Expand Applying TechnologyApplying Technology
Expand Automation Equip and SystemsAutomation Equip and Systems
Collapse Current NewsCurrent News
Partnership-Accelerates-Adoption-of-3-D-Printing-in-Naval-Shipbuilding
Bystronic-Acquires-Italian-Technology-Company-for-Tube-Profile-Processing
Caron-Engineering-Opens-New-Headquarters
C.H.-Hanson-Acquires-Pearson-Industries
CMS-Announces-28-Original-Technical-Papers-Slated-for-CMSC-2018
CNC-Systems-Inc.-Appoints-Cardinal-Machinery
U.S.-Cutting-Tool-Consumption-Up-6.0-Percent-in-March
Historic-Long-Term-Partnership-with-General-Dynamics-Electric-Boat-Announced
Fairbanks-Morse-Awarded-Two-Contracts
North-Idaho-College-Upgrades-Engine-Lathes
GE-Additive-Manufacturing-Donates-3-D-Metal-Printer-to-Ohio-State
GF-Machining-Solutions-Names-New-Distributor-in-Ohio-and-Kentucky
G.H.-Mold-andamp;-Tool-Receives-Boeing-Performance-Excellence-Award
Changing-Lives-Through-the-Power-of-Work
2000-and#176;F-Inert-Atmosphere-Bench-Furnace
HAIMER-Basic-Mill---Milling-and-Drilling-in-One
Privet-Fund-Management-LLC-Completes-Acquisition-of-Hardinge-Inc.
HELLER-Machine-Tools-Wins-GM-2017-Supplier-of-the-Year-Award
Hexagon-Acquires-NEXTSENSE-GmbH
Hoffmann-Group-Wins-the-iF-DESIGN-AWARD
Hyundai-Motor-Manufacturing-Alabama-Preparing-for-Next-Generation-Engines
INDEX-Group-Awarded-for-1000-Virtual-Machines-Sold
Inteva-Products-Named-2017-GM-Supplier-of-the-Year
JBM-Technologies-Lunch-and-Learn
Total-Chip-Management-Solutions
Machine-Tool-Diagnostics-Appointed-JTEKT-Toyoda-Americas-Distributor
JTEKT-Toyoda-Americas-Corporation-Signs-Phillips-Corporation-to-Distribution-Network
High-Volume-Gundrilling-of-Scroll-Compressor-Drive-Shafts
KNUTH-Machine-Tools-Hosts-Governor-Rauner
New-Building-Addition-for-Lake-City-Heat-Treating
Mastercam-Mill-Focused-on-Efficiency-Speed-and-Automation
Mazak-Midwest-Technology-Center-Hosts-27th-Annual-Precision-Machining-Competition
MELD-Manufacturing-Corporation-Awarded-RAPID- plus-TCT-Innovation-Award-for-Patented-MELD-Technology
Met-L-Flo-Announces-Partnership-with-Roboze
Metcam-Wins-Three-Manufacturer-and-Supplier-of-the-Year-Awards
Methods-Machine-Tools-Celebrates-60th-Anniversary
Mobile-Industrial-Robots-(MiR)-Opens-Second-U.S.-Office
ANSI-Grants-Standards-Developer-Approval-to-MTConnect-Institute
Engineering-Lab-Opens-at-North-Central-College
Omron-Foundation-Supports-UM-Dearborn-Engineering-Students-with-$1M-Gift-and-Scholarship
CAM-Software-Reduces-Cycle-Time-for-Aerospace-Contract-Manufacturer
Pindel-Global-Precision-Announces-New-Facility
2018-PRI-Trade-Show-Registration-Now-Open
Quality-Vision-International-Groundbreaking-Ceremony
Renishaw-Launches-Guide-to-Additive-Manufacturing
Rand#214;HM-Signs-Motor-City-Industrial-Marketing-as-New-Michigan-Sales-Representative
Schoen-Insulation-Services-Adds-Second-Facility
Sigma-Labs-Allowed-U.S.-Patent-for-Process-Control-Systems-During-AM-Operations
SLM-Solutions-Joins-America-Makes
Solar-Atmospheres-of-Western-PA-Adds-Milling-Center
Teradyne-Acquires-Mobile-Industrial-Robots
Tooling-Tech-Group-Acquires-Century-Tool-Group
Tooling-Tech-Group-Expands-Macomb-Facility-to-Accommodate-Press
Manufacturing-Technology-Orders-Saw-42-Percent-Monthly-Gains-in-March
VitalDyne-Medical-Announces-Expansion
Thin-Cut-Off-Wheel-Offers-a-Longer-Lifespan
The-Whittemore-Co.-Adds-Dormer-Pramet-Brands-to-Portfolio
Feeds-Speeds-and-Product-Dimensional-Data-App
GM-Recognizes-ZEISS-Industrial-Metrology-as-GM-Supplier-of-the-Year
Expand EDM Machinery-ConsumablesEDM Machinery-Consumables
Expand Micro MfgMicro Mfg
Expand People In The NewsPeople In The News
Expand Plant Safety-Worker Protection-ErgonomicsPlant Safety-Worker Protection-Ergonomics

show all editions →

Click here to watch Tutorial Videos >

U.S. Cutting Tool Consumption Up 6.0 Percent in March



March U.S. cutting tool consumption totaled $207.08 million according to the U.S. Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 8.8% from February's $190.32 million and up 3.5% when compared with the $200.05 million reported for March 2017. With a year-to-date total of $581.02 million, 2018 is up 6.0% when compared with 2017.

These numbers and all data in this report are based on the totals reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.

"The cutting tool industry continues to show strong growth in 2018. However, the industry is challenged with increasing raw material costs, record low unemployment and insecure international trade, because of changing global trade policies," said Brad Lawton, Chairman of AMT's Cutting Tool Product Group.

"The March cutting tool numbers continue to tell a story of strength and growth for our industry, however, there are potential negative clouds forming on the horizon. The potential steel tariffs are creating indecision in the marketplace and have purchasing agents scrambling to develop alternate plans for supply. Shortages will cause disruptions and could impact growth as we move forward," said Steve Stokey, Executive VP and Owner of Allied Machine and Engineering and Chairman of AMT Board of Directors.

The CTMR is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers' consumption of the primary consumable in the manufacturing process - the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.

For more information contact:

United States Cutting Tool Institute - USCTI

1300 Sumner Avenue

Cleveland, OH 44115-2851

216-241-7333

www.USCTI.com

The Association For Manufacturing Technology - AMT

7901 Jones Branch Dr., Ste. 900

McLean, VA 22102

703-893-2900

www.AMTonline.org

< back

Email   email