Cutting Tool Demand Down, Not Out
After 11 months of activity, year-to-date consumption rose above $2.25 billion, with aerospace and automotive markets reportedly continuing to work through order backlogs.
Source: americanmachinist.com
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After 11 months of activity, year-to-date consumption rose above $2.25 billion, with aerospace and automotive markets reportedly continuing to work through order backlogs.
Through 11 months, orders were 7.5% higher compared to the previous year.
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Although shipments appear to have plateaued, their value is the highest since 2019.