In 2023, the number of persons employed in the Basic Iron, Steel, and Ferro-Alloys industry in Germany stood at approximately 82.6 thousand employees. The forecasted trend from 2024 to 2028 indicates a gradual decline, with employment numbers decreasing from 82.41 to 81.53 thousand. The year-on-year decline is subtle, averaging a decrease of around 0.2% annually over the forecast period. This reflects a steady contraction in employment, possibly driven by productivity improvements, automation, or shifts in global iron and steel demand dynamics.
Future trends to watch include further advancements in technology and digitalization impacting labor needs within the industry, potential policy shifts towards sustainable practices, and global market fluctuations affecting demand for German steel exports.
