The number of employees in the iron and steel sector in Turkey was 122.0 thousand units in 2023, marking a stable trend compared to the previous year. The data shows a slight decline in employee count from 116.0 thousand in 2014 to a low of 114.0 thousand in 2016, followed by a recovery to 124.0 thousand by 2018. The subsequent years have seen relatively minor fluctuations, stabilizing around 122.0 thousand by 2022. Over the last two years, the employee count has remained steady, and the Compound Annual Growth Rate (CAGR) from 2018 to 2023 is -0.32%.
Future trends indicate a modest growth with the number of employees projected to reach 124.0 thousand by 2028, reflecting a five-year CAGR of 0.33%. Key factors to watch include advancements in automation and technology, shifts in global steel demand, and Turkey's economic policies impacting industrial employment.
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