February 2020 U.S. Cutting Tool consumption totaled $188.2 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 down 4.2 percent from January's $196.5 million and down 8.5 percent when compared with the $205.6 million reported for February 2019. With a year-to-date total of $384.7 million, 2020 is down 8.5 percent when compared with 2019.