U.S. machine shops and other manufacturers consumed $153.14 million worth of cutting tools during January, declining 2.1% from December and falling 16.7% from the January 2015 consumption total. Consumption of cutting tools is an indicator of manufacturing activity in general, according to the sponsors of the monthly Cutting Tool Market Report, because cutting tools are “the primary consumable (product) in the manufacturing process.”
The report is compiled and presented by the U.S. Cutting Tool Institute (USCTI) and AMT - the Association for Manufacturing Technology.
American Machinist is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.
About the Author
Robert Brooks
Content Director
Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.
Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)