In 2023, the hours worked in the Basic Iron, Steel and Ferro-Alloys sector in Italy were recorded at 65.56 million hours. Observing the forecasted data from 2024 to 2028, there is a subtle downward trend with the hours worked slightly decreasing annually. The year-on-year variation shows a consistent decline: 2024 (-0.10%), 2025 (-0.10%), 2026 (-0.10%), 2027 (-0.10%), and 2028 (-0.10%). Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) stands at approximately -0.10%.

Future trends to watch for:

Technological advancements that may improve efficiency and reduce the need for manual labor.
Impact of environmental regulations that could alter production processes and labor requirements.
Potential fluctuations in global demand for steel and ferro-alloys affecting employment.
Economic policies influencing labor costs and competitiveness within the industry.