Forecast: Number of Persons Employed in Manufacture of Basic Iron and Steel Sector in France

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.

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