The forecast for Total Internal R&D Personnel in China's Manufacture of Basic Iron and Steel; Casting of Iron and Steel indicates a steady growth from 2024 to 2028, progressing from 104.08 thousand in 2024 to 120.32 thousand in 2028. While actual data for 2023 is unavailable in this analysis, the annual year-on-year growth averages around 4% each year. This consistent increase highlights a strong emphasis on R&D investment within the sector.
Looking ahead, key trends to monitor include technological advancements driving efficiency in production processes, policy shifts favoring sustainable practices, and potential fluctuations in global steel demand influencing R&D priorities.
