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U.S. Cutting Tool Consumption Up 3.2 Percent for 2019 Through June

U.S. cutting tool consumption totaled $198.9 million according to the United States. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 6.8 percent from May’s $213.4 million and down 6.3 percent when compared with the $212.4 million reported for June 2018.

YG-1 Adds SV-Point Spade Drill Inserts

YG-1, Vernon Hills, Illinois, has added SV-Point spade drill inserts to its product line. The inserts provide longer tool life at higher spindle speeds and feeds than conventional spade drills, according to the company.