About Project

Royal Iron & Steel Ltd. Co. is planning to make a new and green field Investment to produce 1,000,000 tons per year of steel products. By the new investment, the Company will ensure its vertical integration in the production processes and contribute to the Import substitution by producing the raw material supplied by import, (the “Transaction”).

LOCATION : Baghdad, Republic of Iraq

SERVICE : Corporate Management

VALUE : USD 500 million

SIZE : 1,000,000 tpd

CLIENT : Royal Iron & Steel Ltd. Co.

SECTOR: Industrial

Overview

Investing in the Iraqi market, particularly in the iron and steel industry, offers lucrative opportunities for growth and profitability. With growing export potential, strategic import dynamics, diverse supply chains, government support, and opportunities for industry advancement, investors stand to benefit from taPFIng into Iraq’s burgeoning market and contributing to its economic development. 

Royal Steel Mill comprises the steelmaking workshop, the steel rolling workshop, the sewage treatment plant, the oxygen station, the lime kiln, the 110 kV main substation, and supporting public and auxiliary facilities. In the 530,000 t/a EAF area of Phase I, a steelmaking workshop will be built whose main facilities include one 60 t EAF, one LF, one billet CCM, and supporting auxiliary facilities. The wire rod rolling project belongs to Phase I, with auxiliary equipment composed of hydraulic systems, lubrication systems, lifting and transportation equipment, and mechanical repair equipment. 

The main facilities in the 530,000 t/a EAF area of Phase II include one 60 t EAF, one LF, one billet CCM, and supporting auxiliary facilities. The bar rolling project belongs to Phase II, with auxiliary equipment including hydraulic systems, lubrication systems, lifting and transportation equipment, and mechanical repair equipment.  

In 2022, Kingston led the Development, through-out pre-feasibility, feasibility and bankable feasibility, legal-financial-technical structure, financing plan, and documentation, to develop the Plant.