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U.S. Cutting Tool Orders Rise on Monthly Basis in February

February 2021 U.S. cutting tool consumption totaled $149.5 million, according to the U.S. 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 up 3.3 percent from January's $144.8 million and down 17.1 percent when compared with the $180.3 million reported for February 2020.

Recovering From Supply Chain Strain

Aerospace and defense sectors are emerging from the pandemic more resilient while other sectors, including automotive, struggle meet demand.

Markforged Releases Eiger Fleet

Markforged, creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, announced Eiger Fleet, a cloud-based software solution designed to accelerate the adoption of additive manufacturing operations at scale.