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US Cutting Tool Orders Sink 10% in November

U.S. cutting tool consumption totaled $151.3 million by the end of November 2020, reflecting an almost 20% decline compared to November 2019. The metalworking industry, in general, has seen an impact from the pandemic but has also seen relative improvement since last summers lows as orders from consumable products continue to fare better than anticipated and capital assistance helps small companies. | Read more