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

The manufacture of basic iron and steel sector in Germany is experiencing a steady decline in employment. In 2023, the estimated number of employees was approximately 126.5 thousand. Projections from 2024 to 2028 indicate a gradual decrease from 126.12 thousand to 125.07 thousand, equating to a slight average annual decline of roughly 0.2%. The year-on-year declines reflect a consistent downward trend, with mild reductions in employment each year.

Future trends to watch for include:

  • The impact of technological advances and automation on employment needs in the sector.
  • The influence of environmental policies and the shift towards sustainable steel production.
  • Global economic conditions affecting demand for German steel.

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