Forecast: Number of Employees in Iron and Steel in Canada

The number of employees in the iron and steel industry in Canada has shown a fluctuating pattern from 2013 to 2023. In 2023, there were 33.68k jobs, representing a decline from previous years. Since 2013, the annual percentage variation has alternated between positive and negative, with notable annual decreases occurring in 2016 and the three consecutive years between 2020 and 2023. Over the last five years leading to 2023, the compound annual growth rate (CAGR) averaged -1.68%. Forecast data from 2024 to 2028 indicates a continued decline, with a projected 5-year CAGR of -1.1% and an overall negative forecast growth rate of -5.37%.

Future trends to watch for include the potential impact of advancements in automation and AI on job numbers, potential shifts in trade policies, market demand for steel, and efforts towards decarbonization, which may affect employment in the sector. Monitoring industry adaptation to green technologies and global market fluctuations will also be crucial.