US Cutting Tool Consumption Rose 8.3% for 2017
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Inovatools USA LLC introduced the ¡°FightMax¡± INOX VHM-HPC roughing/finishing milling cutter for specialty steel materials. The tool is formed from special ultrafine-grain carbide. The four-edged HPC design has an unevenly split and an unevenly twisted geometry with highly polished chip space. This ensures quiet, vibration-free concentricity, and quick and reliable chip removal. The VHM-HPC roughing/finishing milling cutter is available in short and long versions with Ø 6.00 mm to 20.00 mm.
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U.S. machine shops and other manufacturers¡¯ consumption of cutting tools declined 5.4% from November to December, but the year-end totals represented solid improvement over the previous year. The figures included in the December 2017 Cutting Tool Market Report show the December total of $175 million were 10.0% higher than last December¡¯s total, and raised the final total for 2017 cutting-tool demand to $2.195 billion. That signifies an 8.3% increase over total 2016 cutting tool demand.
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Cutting tools represent ¡°a primary consumable in the manufacturing process,¡± according to the U.S. Cutting Tool Institute and AMT ¨C the Assn. for Manufacturing Technology, which present the monthly Cutting Tool Market Report to document U.S. manufacturers¡¯ consumption of cutting tools. As such, the monthly CTMR provides insight to the current level of domestic manufacturing activity.
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15 Mar,2018
