Forecast: Basic Iron, Steel and Ferro-Alloys Hours Worked in Germany

In 2023, the hours worked in the Basic Iron, Steel, and Ferro-Alloys sector in Germany was the basis for forecasting data from 2024 onwards. The forecast indicates a steady annual increase in hours worked, from 114.4 million hours in 2024 to 116.93 million hours in 2028. This represents a gradual annual growth, with a Compound Annual Growth Rate (CAGR) reflecting consistent sector expansion through the forecast period.

Future trends to watch for:

  • Impact of technological advancements on labor efficiency.
  • Potential policy changes related to environmental regulations affecting the industry.
  • The influence of global steel demand on labor hours in Germany.

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