Manufacturing in the United States (US) would be the ninth-largest economy in the world, when taken alone. The manufacturing industry was valued at US$2.1 trillion in 2014, according to the Bureau of Economic Analysis, International Monetary Fund. By Jonathan Chou
The US cutting tool consumption in May totalled US$165.68 million, according to the US Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology (AMT). With a year-to-date total of US$855.45 million, 2016 was down 9.1 percent compared with 2015.
Japanese aluminium products makers such as UACJ Corp and Kobe Steel are boosting output capacity in the United States to increase market share as automakers turn to the lighter metal to meet stricter environmental rules, reported Reuters.
US cutting tool consumption totalled US$173.64 million in April according to the US Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). With a year-to-date total of US$689.76 million, 2016 was down 10.3 percent when compared with 2015.
US has slapped Chinese steelmakers with import duties of 552 percent on cold-rolled flat steel after discovering that their products were being sold in the US market below market prices and with unfair subsidies.
Second straight month indicating slower demand for metal-cutting and forming/fabricating equipment, and -9.8 percent in comparison with same period of 2014
US: December US cutting tool consumption totalled US$168.2 million, according to the US Cutting Tool Institute (USCTI) and AMT — The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 7.2 percent from November’s total and up 20.3 percent from December 2013.
“The 2014 calendar year closed with a flurry and the overall growth in the cutting tool industry reporting was 5.0% percent year over year,” said Tom Haag, president of USCTI. “This is an indication that our market is steady and strong despite some volatility in the monthly statistics this past calendar year. December was a reflection on the auto industry perpetuating its strong growth while aerospace markets continue to work on an enormous backlog. The December sales closed a year with a strong message that manufacturing is still driving growth in our economy.”
US: November US cutting tool consumption totaled US$156.9 million, according to the US Cutting Tool Institute (USCTI) and AMT (The Association For Manufacturing Technology). This total was down 18.9 percent from October’s total and up 0.4 percent from November 2013.
“Although this month registered the lowest volume of cutting tool shipments we’ve seen since 2013, this 18.9 percent decrease is in part due to the record breaking sales we had in October,” said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “Year-to-date shipments are on par with 2013. As manufacturers’ backlogs continue to grow, we expect shipments to rebound before the end of the year.”
Over at the manufacturing technology segment, AMT said the number was down 15.5 percent from October and down 14.5 percent when compared with the total of US$442.01 million reported for November 2013.
“Despite a downward monthly trend in manufacturing technology orders, we remain bullish on the US industry market overall, with robust factory production and strong performance in the automotive sector,” said Douglas K Woods, AMT President.
“Many manufacturers took a ‘pause’ in November to assess the challenges from the previous few months, such as contraction in China, Europe and Russia, less activity from the oil and gas industry due to the dramatic drop in prices and perhaps a little bit of the ‘IMTS Effect’ pulling some sales forward. Overall, however, we anticipate 2015 to be another year of positive growth, with manufacturing leading the US economy.”
US: August manufacturing technology orders totaled US$356.69 million in the US according to AMT — The Association for Manufacturing Technology. This total was up 0.4 percent from July but down 6.0 percent when compared with the total of US$379.26 million reported for August 2013. With a year-to-date total of US$3,076.98 million, 2014 is down 2.4 percent compared with 2013.
“US manufacturing activity remains at a brisk pace, and especially encouraging for manufacturing technology orders was a recent uptick in durable goods orders, particularly in aerospace, automotive, and several other key industries,” said Douglas K Woods, president of AMT.
“There has also been good news in factory employment as more manufacturers add workers to their payrolls. With AMT’s Global Forecasting & Marketing Conference taking place this week in Detroit featuring some of the top industry analysts and economists, we believe we will be hearing more positive news from their forecasts for the manufacturing technology industry over the next few years.”
Staying in the US, the country’s cutting tool consumption was down 2.7 percent in August, totaling US$166 million, according to the US Cutting Tool Institute and AMT. This figure is also a 3.0 percent drop on the y-o-y numbers.
“August has traditionally been a period of slower sales for the cutting tool industry due to summer holidays and automotive model change-overs,” said Tom Haag, president of USCTI. “The three-month rolling average actually shows the sales as fairly steady throughout the summer. The third quarter should close much stronger with September bringing the industry back to full speed and the IMTS exhibition driving new interest with record attendance.”
US: May US cutting tool consumption totalled US$169 million, according to the US 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 down 3.5 percent from April's total and down 4.4 percent from May 2013.
"Overall cutting tools shipments were down in May despite many other manufacturing indicators being positive in the same time period," said Brad Lawton, chairman of AMT's Cutting Tool Product Group. "This down month should be taken in context with that other data and an upward three-month trend."