The global employment in the iron and steel industry shows varied trends across countries. The United States leads with 195,000 employed, yet experiencing a slight decline of 1% YoY. Germany and South Korea also have significant employment figures, but with modest declines and slight growth respectively. Most European countries like Spain, Belgium, and Greece show considerable employment declines, while Austria and the Netherlands maintain stable numbers. The sector's employment outlook varies, but recent declines in several countries indicate potential shifts in market dynamics or technological advancements impacting labor demands.
Future trends to watch include automation and digitization reducing labor needs, shifting demand for greener production methods requiring new skills, and potential recovery in regions with declining employment as global steel demand stabilizes or shifts due to infrastructure wins or losses.
Top countries in Number of Persons Employed in Iron and Steel by Country
| # | 10 Countries | Thousand Units (Persons) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 195 | 2023 | -1.02% | -1% | View data |
| 2 | 2 Germany | 167 | 2023 | -0.6% | -0.47% | View data |
| 3 | 3 South Korea | 132.5 | 2023 | 0% | +0.17% | View data |
| 4 | 4 Poland | 78.1 | 2023 | +0.26% | +0.051% | View data |
| 5 | 5 Colombia | 41.09 | 2023 | -0.96% | -0.69% | View data |
| 6 | 6 United Kingdom | 40.34 | 2023 | -0.072% | -0.25% | View data |
| 7 | 7 Czech Republic | 34.47 | 2023 | -0.85% | -1.27% | View data |
| 8 | 8 Spain | 31.7 | 2023 | -3.65% | -3.86% | View data |
| 9 | 9 Austria | 26.52 | 2023 | +0.73% | +0.19% | View data |
| 10 | 10 Sweden | 21 | 2023 | 0% | -0.93% | View data |
