The construction sector experienced a notable boost in December 2024, as rebar consumption soared to 875.5K tons, reflecting a 51.63% increase from November 2024 and a 52.29% rise compared to December 2023. This sharp uptick signals renewed momentum in infrastructure development and construction activities.
Industry analysts attribute this surge to an acceleration in large-scale projects and increased investment in urban development. The consumption level far surpassed November 2023’s 577.4K tons and December 2023’s 574.9K tons, indicating a significant shift in market dynamics. Experts predict that this trend could persist into early 2025, supported by expanding construction initiatives and infrastructure modernization efforts.
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