Forecast: Employment in Manufacture of Basic Iron and Steel Sector in Italy

The employment in the Manufacture of Basic Iron and Steel Sector in Italy has displayed a decreasing trend from 2013 to 2023. The employment value stood at 36.24 thousand Full-Time Equivalents (FTEs) in 2023. Over the last two years, the sector experienced a year-on-year decline of 12.29% in 2023 and an 11.04% decrease in 2022. The Compound Annual Growth Rate (CAGR) over the last five years was -9.4%, showcasing a significant downtrend in employment.

Future trends to watch for include:

  • Technological advancements and automation are likely to further impact employment negatively.
  • Global steel demand and environmental regulations may play significant roles in shaping the industry landscape.
  • Potential shifts towards sustainability practices and greener production methods.

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