As of 2024, the United States leads in employment in the iron and steel sector with 22.71 thousand persons, followed closely by Germany and South Korea. Despite a slight decline in the US and Germany, South Korea shows a marginal increase. Poland and Austria maintain stability, while the United Kingdom and others in Europe exhibit varying degrees of decline, notably Spain and Greece. The five-year compound annual growth rate (CAGR) suggests uneven trends, influenced by regional economic conditions and industry shifts.
Future trends to watch:
- Technological advancements and automation impacting labor demand.
- Sustainability initiatives possibly reshaping regional employment distribution.
- Economic policies and cross-border trade agreements affecting workforce dynamics.
- Potential growth in emerging markets as they industrialize.
Top countries in Number of Persons Employed in Iron and Steel Share by Country (Thousand Units (Persons))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22.71 | 2023 | -1.02% | -1% | View data |
| 2 | 2 Germany | 19.45 | 2023 | -0.6% | -0.47% | View data |
| 3 | 3 South Korea | 15.43 | 2023 | 0% | +0.17% | View data |
| 4 | 4 Poland | 9.1 | 2023 | +0.26% | +0.051% | View data |
| 5 | 5 Colombia | 4.79 | 2023 | -0.96% | -0.69% | View data |
| 6 | 6 United Kingdom | 4.7 | 2023 | -0.072% | -0.25% | View data |
| 7 | 7 Czech Republic | 4.02 | 2023 | -0.85% | -1.27% | View data |
| 8 | 8 Spain | 3.69 | 2023 | -3.65% | -3.86% | View data |
| 9 | 9 Austria | 3.09 | 2023 | +0.73% | +0.19% | View data |
| 10 | 10 Sweden | 2.45 | 2023 | 0% | -0.93% | View data |
