Reprinting from “Tire News” published on March 12, 2024
On March 12, 2024, the “Tire News” reported that a representative from a well-known tire company said, ‘the per kilogram price of materials has increased by 5% according to the tender results at the end of February, with carbon black seeing an increase of over 25%.
‘The comprehensive cost of tires increased by 3.6% in March. Including today’s rubber price increase, the comprehensive tire cost has increased by 3.6% + 1.15% = 4.75%. Therefore, we expect that the price increase notices from various tire manufacturers are very likely to be announced earlier, at the end of March or the beginning of April.’
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