Med Steel

What Med Steel does

Med Steel Company is a privately held steel manufacturer headquartered in Erbil, Kurdistan Region of Iraq, and is described as the first and only producer of steel sections in the Kurdistan region. The company manufactures six core products — rebars (8–32mm diameters), U-shaped profiles, square profiles (12–26mm), angle profiles, flat profiles, and T-shaped profiles — produced from a 360,000-tonne-per-annum steel melting and billet facility paired with a 350,000-tonne-per-annum bar rolling mill, for combined annual capacity of 710,000 tonnes. Production is feedstock-flexible via scrap-based manufacturing that uses 40% less energy than traditional methods, and a captive 52MW on-site power plant supplies the entire 625,000 square-meter complex, insulating operations from grid reliability issues.

The company sells B2B to construction firms, engineering contractors, industrial appliance manufacturers, and energy infrastructure projects through direct enterprise sales, with no public pricing disclosed and quote-based contracting for large-scale orders. Operating geographies span the Kurdistan Region and broader Middle East market, with stated active customer engagement including participation in the Erbil International Fair and Second International Industry Fair. The firm reports 1,037 completed projects, a 1,000+ headcount operating 24/7/365, and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications through TURCERT.

Med Steel was built over approximately two years with about $100 million of self-funded capital under a strategic partnership with Segment Co., a Kurdistan-based investment corporation established in 2019. Revenue is not publicly disclosed, and the company has not pursued external venture or growth-equity capital; ownership beyond the Segment Co. partnership is opaque. The capital structure is heavily asset-backed, with no debt instruments or follow-on funding rounds identified in the input data.

Name

Med Steel

Legal name

Med Steel Company

Website

https://medsteel.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Med Steel is a privately held Iraqi steel manufacturer in Erbil that produces rebars and six structural section profiles for B2B construction, engineering, energy, and industrial customers across the Kurdistan Region and Middle East.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Steel Product Manufacturing from Purchased Steel (3312)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

Keywords

• Steel manufacturing
• Steel rebar production
• Structural steel sections
• Steel profile fabrication
• Construction steel supply

Headquarters

HQ city

Erbil

HQ country

Iraq

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Steel Products Sales: Revenue generated from manufacturing and selling steel products including rebars, U-shaped profiles, square profiles, angle profiles, flat profiles, and T-shaped profiles to construction, engineering, and industrial sectors

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Med Steel manufactures steel sections through an integrated steel melting and billet production facility (360,000 tons per annum) and a bar rolling mill (350,000 tons per annum) at its 625,000 square meter site in Erbil. The product portfolio comprises six categories: rebars (8–32mm), U-shaped profiles, square profiles (12–26mm), angle profiles, flat profiles, and T-shaped profiles, sold to construction, engineering, and industrial customers. An on-site 52MW power plant supports continuous 24/7/365 operations.

Product overview

Med Steel is a steel manufacturing company offering a portfolio of six core steel profile products: Rebars (8-32mm reinforcing bars), U-Shaped Profiles, Square Profiles (12-26mm), Angle Profiles, Flat Profiles, and T-Shaped Profiles. These products are produced through the company's steel melting and billet production facility (360,000 tons/year capacity) and bar mill (350,000 tons/year capacity), with operations supported by an in-house 52MW power plant. The company operates from a 625,000 square meter facility in Erbil, Kurdistan Region, Iraq.

Differentiator

Problem solved

Functional benefit

Products and services

• Rebars Steel reinforcing bars (rebars) sized from 8 to 32mm diameters, used for the reinforcement of concrete structures to strengthen concrete under tension. Sold to construction firms, engineering contractors, and infrastructure developers.
• U-Shaped Profiles U-shaped steel profiles available in specifications including NPU 30×15, 40×20, NPU 50×25, 50×38, and NPU 65×42, for construction and industrial structural applications.
• Square Profiles Square steel profiles sized from 12mm to 26mm for construction and industrial applications.
• Angle Profiles Angle steel profiles available in dimensions including 30x30x3x6000, 40x40x3x6000 to 60x60x6x6000, for structural and fabrication use.
• Flat Profiles Flat steel profiles ranging from 25x5x6000 to 60x10x6000 dimensions, for construction and industrial applications.
• T-Shaped Profiles T-shaped steel profiles with sizes ranging from 30×6000 to 50×6000, for structural applications including construction projects.

Quantifiable outcome

• 40% less energy used per tonne of steel produced compared to 1960s production methods
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ArcelorMittal: World's largest steel producer with operations across MENA. Broad incumbent whose rebar and long product operations in the region provide global benchmark for MedSteel's product category, though vastly larger scale.
• Qatar Steel: Qatar's integrated steel producer of rebar and wire rod with regional market presence. A comparable MENA steel producer with broader product portfolio and established regional customer base.
• Hadeed (Saudi Iron & Steel Company): SABIC subsidiary and Saudi Arabia's largest integrated steel producer covering long and flat products. A broad incumbent with much wider product portfolio than MedSteel, but directly relevant for regional steel market dynamics.
• Emirates Steel Arkan: UAE's largest steel manufacturer producing rebar, structural sections, and heavy sections. Larger incumbent with similar long products focus and MENA regional market reach.

Direct peers

• Ezz Steel: Egypt's largest integrated steel producer producing long products (rebar, wire rod) and flat products. Operates in MENA region with similar B2B model and is a direct comparable for MedSteel's long products focus.
• Attieh Steel: Saudi Arabian rebar and steel sections manufacturer serving construction sector with direct B2B model. Direct comparable to MedSteel in product mix (rebar, sections) and Gulf/MENA regional market.
• Egyptian Steel: Egyptian rebar and long products steel producer serving construction sector. Highly comparable to MedSteel given shared regional focus, long products portfolio, and B2B distribution model.
• Al Ittefaq Steel Products Co. Saudi steel producer focused on rebar and structural sections with rolling mill operations. Comparable to MedSteel as regional long-products manufacturer serving construction customers in the Middle East.
• Tulpar Iron & Steel Industry: Iraqi rebar and steel sections producer based in the Kurdistan Region. Direct competitor to MedSteel in the same geographic market with similar product portfolio (rebar, sections) and construction-sector focus.

Regional players

• Kardemir (Karabük Iron & Steel): Turkey's longest-established integrated long products steel producer specializing in rebar, profiles, and sections. Comparable to MedSteel in long-products focus and similar scale, but operating primarily in Turkish market and exporting regionally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/medsteel

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Med Steel