The number of persons employed in the basic iron and steel sector in France was recorded at 35.47 thousand in 2023. Forecasts indicate a consistent decline from 2024 to 2028, decreasing from 35.02 thousand to 33.38 thousand employees. This reflects a negative trend with a year-on-year decrease of around 1% over this period. The five-year compound annual growth rate (CAGR) projects a continuous downturn, averaging a decline of around 1% per annum.
Future trends to watch for include:
- Technological advancements potentially affecting labor demand through automation.
- Environmental regulations possibly impacting the steel production processes.
- Global economic factors, such as trade policies, influencing the steel industry.