The global demand for tires has steadily increased. It is expected that the growth rate of semi-steel and all -steel tires in 2012 will be 5.4% and 3.8% respectively. Globally, the demand for tires in 2012 mainly comes from Asia, North America and Africa. The domestic automobile ownership amounted to 106 million, and it is expected that the average annual growth rate of domestic replacement tires will be maintained at 15%-20% in the next 3-5 years, becoming the most important growth point for domestic tire demand. The prices of natural rubber and other raw materials fell back compared with the same period of last year. At present, the production cost of tires decreased by about 19% compared with the same period of last year. Tire prices have fallen by no more than 10% from the same period of last year. It is expected that the average gross profit margin of the industry will rebound to 16%-20%, up 5-8 percentage points year-on-year and about 3 percentage points higher than the fourth quarter of 2011. In the first and second quarters of 2012, the tire industry will experience low cost pressures and rapid income growth. Others Nickel Alloy Welded Tube Corrosion-Resistant Tubing,Steel Sst Pipe Tube Anti Corrosion,Industrial Tube,High Temperature Sst Pipe Tube Ningbo Boss Metal Material Co., Ltd. , https://www.boss-metal.com