The employment trend in Italy's basic iron and steel manufacturing sector indicates a consistent decline from 2024 to 2028. In 2023, the sector employed around 66.47 thousand individuals. Relative to 2023, the forecasted values for 2024 show a small reduction of approximately 1.28%. The subsequent years demonstrate further decreases, with year-on-year reductions of about 1.3% leading to a compound annual growth rate (CAGR) of approximately -1.28% from 2024 to 2028.

Future trends to watch for:

Continued technological advancements potentially leading to increased automation, impacting employment rates.
Environmental regulations may necessitate changes in production processes, possibly affecting workforce requirements.
Global economic conditions and trade agreements influencing demand for Italian steel products.