The forecast indicates a gradual decline in the number of persons employed in the iron and steel industry in the US from 192,000 in 2024 to 181,000 by 2028. This projection reflects a continuous downward trend, with an anticipated annual decrease of roughly 1-2% year-on-year. Looking back at 2023, where employment was higher, underscores a consistent decline over this period.

Key Future Trends to Watch:

Technological advancements potentially leading to further automation, impacting employment levels.
Shift in demand due to green energy initiatives affecting traditional steel production.
Global trade policies and their impact on domestic steel production and employment.