The Global Steel Cord for Semi-Steel Radial Tires Market was valued at USD 1,353 Million in 2025 and is projected to reach USD 2,034 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period (2025–2034). This growth is driven by robust global demand for passenger vehicles and light trucks, stringent safety standards requiring high-performance tire reinforcement, and the ongoing need for tire replacement across established and emerging markets.

As the automotive industry evolves with trends like electrification and a focus on fuel efficiency, the demand for durable and advanced tire components intensifies. The strength and reliability of a tire are fundamentally dependent on its internal skeleton, specifically the steel cord used in its belt layers. In this blog, we profile the Top 10 Companies in the Steel Cord for Semi-Steel Radial Tires Industry—a group of global steel giants and specialized manufacturers that are engineering the backbone of modern radial tires.

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: High-Tensile Steel Cord, Ultra-Tensile Steel Cord, Advanced Brass-Coated Wires

Bekaert is a world-leading supplier of steel cord and bead wire for the tire industry. With over a century of expertise in steel wire transformation and coating technologies, the company provides critical reinforcement materials to tire manufacturers globally. Its products are renowned for their superior strength, durability, and adhesion properties, which are essential for the performance and safety of semi-steel radial tires.

Innovation & Sustainability Initiatives:

• Pioneering the development of higher tensile strength cords for lighter, more fuel-efficient tires

• Investing in sustainable manufacturing processes and circular economy principles for steel wire production

• Global R&D centers focused on enhancing cord-to-rubber adhesion and tire longevity

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

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9️⃣ 2. ArcelorMittal

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

As one of the world’s largest steel producers, ArcelorMittal holds a formidable position in the steel cord market. The company leverages its vertical integration, from raw steel production to advanced wire drawing, to supply high-quality tire cord to major OEMs. Its global presence ensures a reliable supply chain for tire manufacturers seeking consistent and high-performance materials.

Innovation & Sustainability Initiatives:

• Development of advanced steel grades optimized for tire cord applications

• Commitment to reducing the carbon footprint of steel production through its XCarb® initiative

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8️⃣ 3. Hyosung

Headquarters: Seoul, South Korea
Key Offering: Tiren® Steel Cord, High-Tensile & Super-Tensile Cord Variants

Hyosung is a key global player in the advanced materials sector, with a strong tire cord division. The company’s Tiren® brand is widely recognized for its quality and performance. Hyosung’s extensive production capacity and technological prowess make it a critical supplier to the fast-growing Asian tire market and beyond.

Innovation & Sustainability Initiatives:

• Continuous investment in R&D to produce lighter and stronger steel cord generations

• Expansion of production facilities to meet rising global demand, particularly for electric vehicle tires

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7️⃣ 4. Bridgestone

Headquarters: Tokyo, Japan
Key Offering: In-house Steel Cord Production for Proprietary Tire Lines

Bridgestone, a top-tier global tire manufacturer, maintains significant in-house production capabilities for steel cord. This vertical integration allows the company to tightly control the quality and specifications of the reinforcement materials used in its premium tires, ensuring optimal performance, safety, and durability for end-users.

Innovation & Sustainability Initiatives:

• Proprietary cord designs integrated with tire technology for enhanced wet grip and rolling resistance

• Focus on sustainable material sourcing and production as part of its long-term environmental vision

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

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6️⃣ 5. KISWIRE LTD.

Headquarters: Seoul, South Korea
Key Offering: Steel Tire Cord, Prestressed Concrete (PC) Steel Wire, Wire Ropes

KISWIRE is a leading international manufacturer of high-carbon steel wire and cord products. The company’s tire cord division is a major supplier to tire makers, providing products that meet rigorous international standards for strength and reliability. Its global manufacturing footprint ensures a stable supply for the automotive industry.

Innovation & Sustainability Initiatives:

• Investment in advanced wire drawing and brass coating technologies for superior product quality

• Commitment to eco-friendly manufacturing processes and product recyclability

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5️⃣ 6. Shougang Century

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

Shougang Century, part of the Shougang Group, is a major force in China’s steel cord market. Benefiting from its proximity to the world’s largest automotive and tire production hub, the company supplies a significant volume of tire reinforcement materials domestically and internationally, competing effectively on cost and scale.

Innovation & Sustainability Initiatives:

• Focus on scaling production to meet the demands of China’s vast tire industry

• Adoption of advanced manufacturing techniques to improve product consistency and efficiency

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4️⃣ 7. Tokusen

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Tensile Steel Cord, Specialty Steel Wires

Tokusen USA, with its parent company in Japan, is a specialist in high-tensile steel wire and cord products. The company has built a strong reputation for quality and technical expertise, supplying niche and high-performance segments of the tire market that require exceptional strength and precision.

Innovation & Sustainability Initiatives:

• Specialization in ultra-high tensile strength cords for demanding applications

• Continuous improvement in manufacturing precision to reduce material waste

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3️⃣ 8. Tokyo Rope MFG

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

Tokyo Rope Manufacturing is a longstanding Japanese company with a diversified portfolio that includes steel cord for tire reinforcement. The company’s expertise in wire and rope manufacturing translates into high-quality cord products that contribute to the safety and performance of radial tires.

Innovation & Sustainability Initiatives:

• Leveraging decades of wire technology experience for tire cord innovation

• Focus on producing durable products that enhance tire lifespan and reduce environmental impact

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2️⃣ 9. Jiangsu Xingda Steel Tyre Cord

Headquarters: Jingjiang, Jiangsu, China
Key Offering: Steel Tire Cord, Bead Wire

Jiangsu Xingda is a prominent Chinese manufacturer specializing in steel tire cord and bead wire. As a key supplier within the world’s largest tire-producing nation, the company plays a vital role in the regional supply chain, providing cost-effective and reliable reinforcement materials to numerous tire factories.

Innovation & Sustainability Initiatives:

• Rapid scaling of production capacity to capitalize on domestic market growth

• Investment in automation to enhance production efficiency and product quality

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1️⃣ 10. Henan Hengxing Science and Technology

Headquarters: Huixian, Henan, China
Key Offering: Steel Tire Cord, Pre-stressed Steel Materials

Henan Hengxing is a significant Chinese producer of steel cord and other steel wire products. The company contributes substantially to the domestic supply of tire reinforcement materials, supporting China’s position as a global tire manufacturing powerhouse with its large-scale production capabilities.

Innovation & Sustainability Initiatives:

• Expansion and modernization of production lines to increase output and meet quality standards

• Focus on serving the burgeoning Chinese automotive aftermarket and OEM segments

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

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🚗 Outlook: The Future of Tire Reinforcement Is Stronger and Smarter

The steel cord for semi-steel radial tires market is undergoing a significant evolution. While traditional Normal Tensile (NT) cords remain widely used, the industry is increasingly shifting towards High Tensile (HT) and Super Tensile (ST) cords to meet the demands for lighter, more fuel-efficient, and high-performance tires.

📈 Key Trends Shaping the Market:

• Accelerated adoption of high-strength steel cords to reduce tire weight and improve fuel economy

• Growing demand driven by the electric vehicle (EV) sector, which requires tires capable of handling greater weight and instant torque

• Technological advancements in brass coating and adhesion promoters to enhance tire durability and safety

• Strategic regional expansion and supply chain localization by key players to navigate trade dynamics and tariffs

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

The companies listed above are not only strengthening the world’s tires—they are reinforcing the foundation of global mobility and transportation safety.