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

In 2023, the number of persons employed in the manufacture of basic iron and steel in Italy was approximately 68,600 employees. Forecasted data suggests a decline over the next five years, reaching about 65,350 employees by 2028. Year-on-year changes show a steady decrease with a yearly decline of approximately 0.96% from 2023 to 2024, continuing at a similar rate annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average decrease of about 1.01% in workforce size each year.

Future trends to watch for include:

  • Technological advancements potentially leading to increased automation and further reductions in labor needs.
  • Shifts in global demand for steel affecting production and employment levels.
  • Sustainability initiatives and regulations influencing production methods and employment structures.

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