Cutting tool consumption falls
January U.S. cutting tool consumption totaled $158 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.5 percent from December’s total and down 10.6 percent from January 2013.
“As the CTMR enters the second calendar year of publication, the last four months have been marked by volatility,” said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “While it is difficult to draw a clear conclusion from just a few years of data, the pattern so far in this series suggests we might see smaller swings each month later in 2014.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
