The Global Steel Cord for Automotive Radial Tires Market was valued at USD 1073 Million in 2025 and is projected to reach USD 1614 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is being driven by increasing global vehicle production, the critical demand for high-performance and durable tires, and the ongoing transition towards electric vehicles, which require specialized tire reinforcement for optimal efficiency and safety.

As the automotive industry evolves with a focus on sustainability, safety, and performance, the role of steel cord—the essential skeleton material within radial tires—has never been more critical. In this blog, we profile the Top 10 Companies in the Steel Cord for Automotive Radial Tires Industry, highlighting the key manufacturers and material innovators who are strengthening the backbone of the global transportation sector.

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: High Tensile (HT), Super Tensile (ST), and Ultimate Tensile (UT) Steel Cords

Bekaert is a global market leader and technology pioneer in steel cord manufacturing, supplying a comprehensive portfolio of reinforcement solutions to tire producers worldwide. The company’s advanced cord technologies are integral to producing durable, fuel-efficient radial tires for passenger cars, trucks, and off-road vehicles.

Innovation Initiatives:

• Development of ultra-high-strength cords for lightweight tire designs

• Investment in sustainable manufacturing processes and recycled steel content

• Strategic partnerships with leading global tire manufacturers for co-development

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

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9️⃣ 2. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: Steel cord products, High-carbon steel wire rod

As one of the world’s largest steel producers, ArcelorMittal is a major supplier of high-quality steel cord and the underlying wire rod used in tire reinforcement. The company leverages its vertical integration and metallurgical expertise to deliver consistent, high-performance materials that meet stringent automotive industry standards.

Innovation Initiatives:

• Focus on producing clean steel with a reduced carbon footprint

• R&D into advanced steel compositions for improved cord fatigue resistance

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8️⃣ 3. Hyosung

Headquarters: Seoul, South Korea
Key Offering: Tirenbow® brand steel cord for radial tires

Hyosung is a leading global player in the steel cord market, renowned for its Tirenbow brand. The company specializes in high-tensile steel cords that provide exceptional strength and durability, catering to the demanding requirements of modern radial tires for enhanced safety and performance.

Innovation Initiatives:

• Expansion of production capacity to meet growing global demand

• Continuous improvement in brass coating technology for optimal rubber adhesion

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7️⃣ 4. Jiangsu Xingda Steel Tyre Cord

Headquarters: Jingjiang, Jiangsu, China
Key Offering: Full range of steel cord types for passenger and truck radials

Jiangsu Xingda is one of China’s largest and most prominent manufacturers of steel tire cord. The company plays a crucial role in the Asia-Pacific market, supplying a vast network of domestic and international tire makers with reliable and cost-effective reinforcement solutions.

Innovation Initiatives:

• Significant investment in automated production lines for quality and efficiency

• Focus on scaling production of high-value Super Tensile and Ultimate Tensile cords

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

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6️⃣ 5. KISWIRE LTD.

Headquarters: Seoul, South Korea
Key Offering: Steel cord, steel wire, and bead wire for tires

KISWIRE is a major international manufacturer of high-carbon steel wire products, including a wide array of steel cords for automotive radial tires. The company is known for its high-quality standards and strong presence in both the OEM and replacement tire markets.

Innovation Initiatives:

• Development of micro-alloyed steel wires for enhanced performance

• Global expansion of manufacturing facilities to diversify supply chains

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5️⃣ 6. Shougang Century

Headquarters: Beijing, China
Key Offering: Steel cord and bead wire for tire reinforcement

Shougang Century, part of the Shougang Group, is a key supplier in the Chinese market with a growing international footprint. The company produces a variety of steel cord constructions that meet the specific needs of passenger and commercial vehicle tire manufacturers.

Innovation Initiatives:

• Integration with parent company’s steel production for raw material security

• Emphasis on product quality control and certification to global standards

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4️⃣ 7. Tokusen

Headquarters: Tokyo, Japan
Key Offering: High-grade steel cord, ultra-fine wire products

Tokusen USA (formerly Tokusen Kogyo) is a technologically advanced manufacturer specializing in high-tensile steel cord and wire. The company is recognized for its precision engineering and focus on high-performance applications, particularly in the demanding North American and Japanese markets.

Innovation Initiatives:

• Pioneering ultra-fine wire stranding technologies for specialized tire segments

• Commitment to rigorous quality assurance and technical customer support

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3️⃣ 8. Tokyo Rope MFG

Headquarters: Tokyo, Japan
Key Offering: Steel cord, wire rope, and synthetic fiber ropes

Tokyo Rope Manufacturing is a diversified wire and cable company with a strong segment dedicated to steel cord for tires. The company leverages its deep expertise in metallurgy to produce cords that offer excellent durability and adhesion properties for radial tires.

Innovation Initiatives:

• R&D focused on improving the corrosion resistance of steel cord

• Applications of wire rope technology to enhance tire cord performance

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2️⃣ 9. Henan Hengxing Science and Technology

Headquarters: Xuchang, Henan, China
Key Offering: Steel cord, bead wire, and hose reinforcement wire

Henan Hengxing is a rapidly growing Chinese manufacturer specializing in steel cord and other steel wire products. The company has expanded its capacity significantly to serve the booming domestic automotive market and increase its export volumes.

Innovation Initiatives:

• Modernization of production facilities to improve efficiency and output

• Focus on cost-competitive manufacturing while maintaining quality standards

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1️⃣ 10. Sumitomo Electric Industries

Headquarters: Osaka, Japan
Key Offering: Advanced steel cord, rubber and plastic products

Sumitomo Electric, a global technology leader, produces high-quality steel cord through its advanced materials division. The company’s strong R&D capabilities allow it to develop innovative cord solutions that contribute to tire performance, safety, and environmental efficiency.

Innovation Initiatives:

• Integration of steel cord technology with other material science expertise

• Development of solutions supporting the tire requirements of electric vehicles

Get Full Report Here:
Steel Cord for Automotive Radial Tires Market – View in Detailed Research Report

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

The steel cord for automotive radial tires market is undergoing a significant transformation. While traditional high-strength steel remains the dominant material, the industry is intensely focused on developing next-generation cords that are lighter, more durable, and compatible with the evolving needs of the automotive sector.

📈 Key Trends Shaping the Market:

• Accelerated adoption of Ultra Tensile (UT) and Super Tensile (ST) cords for vehicle lightweighting

• R&D into advanced coatings and alloys to enhance rubber adhesion and corrosion resistance

• Supply chain diversification and regionalization in response to global trade dynamics

• Tire manufacturer-cord supplier collaborations for customized EV and premium tire solutions

Get Full Report Here:
Steel Cord for Automotive Radial Tires Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component—they are actively reinventing the foundation of tire technology for a safer, more efficient, and sustainable future of mobility.