The list for China’s top 10 all-steel tire producers in terms of output in 2015 was released lately.
Except Giti Tire from Singapore, the rest 9 companies are all China’s local firms.
Zhongce Rubber produced 13.06 million all-steel tires in 2015, making it the largest producer on the list.
Double Coin Tires, Aeolus Tyre, Triangle Tire, and Giti Tire (China)’s outputs all exceeded 5 million last year.
Six tire producers on the list were from Shandong province, including Triangle Tire, Xingyuan Tires Group, Linglong Tire, Prinx Chengshan, Sailun Jinyu Group, and Doublestar Tire.
The 6 Shandong companies’ overall output of all-steel radial tires was 25.37 million, while the top 10 all-steel tire producers’ total output was 54.84 million.
Source: Tire Division of China Rubber Industry Association (including a few light-duty truck and engineering truck radial tires)
CRIA figures show that last year, China’s output of all-steel radial tires was 110 million, accordingly, the output of the top 10 companies accounted for 49.85% of the country’s total.
In addition, 7 of the 10 companies are A-share listed firms, except Zhongce Rubber, Xingyuan Tire Group, and Prinx Chengshan (Shandong) Tire.
The greatest difficult in the front of the all-steel tire producers is the anti-dumping and anti-subsidy policy adopted by the US against truck tires from China.
The interim reports released by the tire producers showed that because of large proportion of export trade, profits of some tire companies were severely impacted.
An industry insider said in the following months, under the anti-dumping and anti-subsidy pressure on export, China’s output of all-steel tires might decrease.
