In 2023, the employment in the iron and steel industry in Japan was recorded at 270,000 persons. The forecast from 2024 to 2028 shows a gradual decline, starting from 269,000 in 2024 to 266,000 in 2028. The year-on-year variations indicate a relatively stable but declining trend, with a reduction rate of around -0.37% annually over this period.
Future trends to watch for include:
- Technological advancements and automation which may further reduce workforce requirements.
- Potential shifts in global demand for steel which could impact employment figures.
- Environmental regulations leading to strategic shifts in production processes.