The Global Steel Cord for All-Steel Radial Tires Market was valued at US$ 2,078 Million in 2025 and is projected to reach US$ 2,870 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2025–2034). This consistent growth is underpinned by robust demand from the global automotive sector, increasing commercial vehicle production, and the critical need for high-performance, durable tires that enhance safety and fuel efficiency.

As the backbone of radial tire construction, steel cord provides the essential tensile strength and structural integrity that modern vehicles demand. In this blog, we profile the Top 10 Companies in the Steel Cord for All-Steel Radial Tires Industry—a group of global material science leaders and specialty steel producers who are engineering the future of tire reinforcement.

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Steel Cord for All-Steel Radial Tires Market – View in Detailed Research Report

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: High & Ultra-High Tensile Steel Cords, Brass-Plated Cord Solutions

Bekaert is a world-leading specialist in steel wire transformation and coating technologies. The company is a dominant force in the steel cord market, supplying advanced reinforcement materials to major tire manufacturers globally. Their product portfolio is focused on delivering superior strength, durability, and optimal rubber adhesion.

Innovation & Market Focus:

• Pioneering ultra-high tensile strength cords for lightweight tire designs

• Continuous investment in R&D for improved fatigue resistance and corrosion protection

• Strong global production footprint with facilities in Europe, Asia, and the Americas

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9️⃣ 2. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: Steel Cord, High-Carbon Steel Wire Rod

As the world’s largest steel producer, ArcelorMittal leverages its massive raw material advantage to serve the tire cord market. The company supplies high-quality steel wire rods that are further processed into cords, serving a significant portion of the global demand through its integrated supply chain.

Innovation & Market Focus:

• Vertical integration from raw steel to advanced wire products

• Focus on sustainable steelmaking and reducing the carbon footprint of tire production

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8️⃣ 3. Hyosung

Headquarters: Seoul, South Korea
Key Offering: Tire Cord, High-Tenacity Polyester & Nylon Cord

Hyosung is a major global player in advanced materials, with a significant presence in the tire cord market. While known for its textile reinforcements, the company’s steel cord division is a key supplier to the Asian tire industry, offering a range of tensile strengths for various applications.

Innovation & Market Focus:

• Diversified material portfolio including steel and synthetic cords

• Strategic expansion in Southeast Asia to cater to growing automotive hubs

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7️⃣ 4. KISWIRE LTD.

Headquarters: Seoul, South Korea
Key Offering: Steel Tire Cord, Pre-Stressed Concrete Steel Wire

KISWIRE is a leading global manufacturer of high-carbon steel wire and one of the key suppliers of steel cord for the tire industry. The company has a strong technological foundation and a widespread manufacturing network that ensures a consistent supply to tire makers worldwide.

Innovation & Market Focus:

• Specialization in high-carbon steel wire rod processing

• Continuous quality improvement for enhanced wire ductility and strength

Download FREE Sample Report:
Steel Cord for All-Steel Radial Tires Market – View in Detailed Research Report

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6️⃣ 5. Jiangsu Xingda Steel Tyre Cord

Headquarters: Jingjiang, Jiangsu, China
Key Offering: Steel Cord for Radial Tires, Brass-Coated Steel Wire

Jiangsu Xingda is one of China’s largest and most specialized manufacturers of steel tire cord. The company has grown significantly by focusing on the domestic and international replacement tire market, offering cost-competitive and reliable reinforcement solutions.

Innovation & Market Focus:

• Large-scale production capacity catering to China’s massive tire industry

• Focus on process optimization and cost efficiency

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5️⃣ 6. Tokusen

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Tensile Steel Cord, Fine Steel Wire

Tokusen is a Japanese specialist in high-grade steel wire products, renowned for its precision manufacturing and quality control. The company supplies high-tensile steel cord to premium tire manufacturers, emphasizing performance and reliability for demanding applications.

Innovation & Market Focus:

• Expertise in producing ultra-fine and high-tensile steel wires

• Strong focus on the Japanese OEM and high-performance tire segments

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4️⃣ 7. Tokyo Rope MFG

Headquarters: Tokyo, Japan
Key Offering: Steel Cord, Wire Ropes, Synthetic Fiber Ropes

With a long history in wire rope manufacturing, Tokyo Rope brings extensive metallurgical expertise to the steel cord market. The company produces high-quality steel cord that meets the stringent requirements of leading tire brands, particularly in the commercial vehicle segment.

Innovation & Market Focus:

• Leveraging rope-making technology for superior cord construction

• Focus on durability and fatigue resistance for long-haul truck tires

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3️⃣ 8. Shougang Century

Headquarters: Beijing, China
Key Offering: Steel Tire Cord, Wire Rod, Special Steel Products

Shougang Century, part of the large Shougang Group, is a significant producer of steel cord in China. The company benefits from its affiliation with a major steel producer, ensuring a stable supply of high-quality raw materials for its cord manufacturing operations.

Innovation & Market Focus:

• Integrated production from steelmaking to finished cord products

• Strong presence in the domestic Chinese market with expanding international reach

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2️⃣ 9. Henan Hengxing Science and Technology

Headquarters: Henan Province, China
Key Offering: Steel Cord for Tires, Prestressed Steel Materials

Henan Hengxing is a rapidly growing manufacturer of steel cord in China, focusing on technological advancement and production scale. The company has invested in modern manufacturing facilities to serve both the domestic market and international clients.

Innovation & Market Focus:

• Investment in automated production lines for consistent quality

• Expanding product range to cover various tensile strength requirements

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1️⃣ 10. Sumitomo Electric

Headquarters: Osaka, Japan
Key Offering: Steel Tire Cord, Advanced Automotive Components

Sumitomo Electric, a diversified technology company, brings its engineering excellence to the steel cord market. While perhaps better known for its wiring harnesses and electronics, the company produces high-quality steel cord that meets the exacting standards of global tire manufacturers.

Innovation & Market Focus:

• Application of advanced material science from other business divisions

• Focus on high-reliability products for safety-critical applications

Read Full Report:
Steel Cord for All-Steel Radial Tires Market – View in Detailed Research Report

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⚠️ Other Notable Players

The steel cord market also includes several other significant players contributing to the global supply chain, each with specialized expertise and regional strengths. Companies such as Bridgestone (through its diversified materials divisions), Junma Group, Shandong Daye, Zenith Steel Group, KOREA STEEL, Jiangsu Leida, and YuSheng Enterprise play crucial roles in regional markets and specific product niches, ensuring a diverse and competitive landscape.

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🌍 Outlook: The Future of Steel Cord is Smarter and Stronger

The steel cord for all-steel radial tires market is evolving in response to broader trends in the automotive industry. While the fundamental demand for strength and durability remains paramount, new challenges and opportunities are shaping the future of this critical component.

📈 Key Trends Shaping the Market:

• Lightweighting Initiatives: Development of higher tensile strength cords to reduce tire weight and improve fuel efficiency.

• Electric Vehicle (EV) Adaptation: Tailoring cord properties to meet the unique demands of heavier EVs, which require tires with enhanced load capacity and low rolling resistance.

• Supply Chain Regionalization: Increasing regional production to mitigate logistics risks and tariffs, particularly between Asia, North America, and Europe.

• Sustainability Pressures: Growing focus on recyclability and the environmental footprint of tire production, influencing material choices and manufacturing processes.

The companies profiled above are not just supplying a commodity; they are providing the foundational technology that enables safer, more efficient, and more durable mobility across the globe. Their continuous innovation ensures that as vehicles advance, the tires they rely on will be equal to the task.

Read Full Report:
Steel Cord for All-Steel Radial Tires Market – View in Detailed Research Report