Forecast: Number of Persons Employed in Iron and Steel in Germany

As of 2023, the number of persons employed in the iron and steel sector in Germany stood at approximately 167,000 units. The forecasted employment figures show a consistent decline at a rate of roughly 0.6% annually, decreasing from 166,000 in 2024 to 162,000 by 2028. This trend indicates a gradual reduction in workforce numbers in the industry over the upcoming years.

Future trends to watch for include:

  • Technological advancements, such as automation and AI, potentially leading to further declines in employment.
  • Potential restructuring or shifts towards green steel initiatives, influencing employment patterns.
  • Global economic conditions impacting demand and production levels in the iron and steel industry.

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