Cutting tool consumption falls
October U.S. cutting tool consumption of $177.2 million was up 3.4% from September’s total, but down 15.4% from October 2014 and down 3.4% when compared year-to-date in 2014.
The total was reported by the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
“The information from October continues to be the same story for the cutting tool market. We see a slight uptick in October over September which was to be expected. Our year over year data continues to weaken due to the strong finish of 2014 and a weak 2015,” says Steve Stokey, president of USCTI. “Members continue to be optimistic about aerospace and automotive markets but see no short to mid-term improvement in the oil and gas industry for their products.”
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.
