Ontario Welcomes $306 Million Steel Manufacturing Investment by Tenaris in Sault Ste. Marie

May 22, 2026

Expansion will create 200 new jobs and support province’s plan to build a stronger, more resilient Ontario economy

May 22, 2026

SAULT STE. MARIE — The Ontario government is welcoming an investment of $306 million by Tenaris, a global manufacturer of steel pipe products for the energy industry, to modernize and expand its operations in Sault Ste. Marie. Building on a strong foundation of approximately 800 existing employees, the expansion will create up to 200 new, good-paying jobs, while generating broad economic benefits across Ontario’s steel sector in the face of U.S. tariffs.

“Tenaris’ investment in Sault Ste. Marie is a strong vote of confidence in Ontario’s world-class workers, and in our plan to protect Ontario by building a more competitive and resilient economy,” said Premier Doug Ford. “Our government will continue to stand up for workers in industries impacted by tariffs both here in Sault Ste. Marie and across Ontario by diversifying our economy, finding new trading partners and supporting new pipelines, rail lines and other projects that use Ontario steel to open up new markets for Ontario products around the globe.”

As the sole Canadian producer of seamless oil country tubular goods (OCTG), which are pipes used to drill and complete oil and gas wells across the country, Tenaris’ operations play a critical role in supporting Canada’s self-reliant steel and energy supply chain. By introducing advanced automation and process improvements across their production lines, the company will increase its manufacturing output by 80 per cent and expand its product offerings to meet a growing demand from Canadian energy and industrial markets.

“Amid global uncertainty, Ontario’s stable, reliable and predictable business environment continues to instill confidence and attract job-creating investments,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We congratulate Tenaris on this latest milestone and look forward to seeing Northern Ontario’s talented steel workers remain at the heart of their success.”

As Canada advances natural gas, bitumen and other energy infrastructure projects, Tenaris’ expansion will reduce the OCTG market’s reliance on imports, unlocking new opportunities for Ontario-based suppliers and subcontractors in the process. With U.S. tariffs increasing volatility across the steel industry, Tenaris’ decision also reinforces Ontario’s position as a resilient, competitive and secure jurisdiction for large-scale, nation-building projects. In support of this investment, Ontario is providing up to $72 million in funding through the Invest Ontario Fund.

“In Canada, we know energy connects us. Tenaris steel pipes, manufactured in Ontario and delivered through our Rig Direct service network to oil and gas operators across the country, enables Canadian energy sovereignty,” said Martín Castro, President of Tenaris in Canada. “With this more than $300 million investment, on top of more than $350 million invested since 2020, we illustrate Tenaris’ steadfast commitment to Canadian manufacturing. Today’s milestone builds on this momentum to expand Canada’s domestic supply chain for OCTG and line pipe.”

Since 2018, Ontario has attracted over $222 billion in investments, supporting the creation of one million new jobs. In the face of global economic uncertainty, the Ontario government continues to deliver on its mandate to protect local workers and businesses by lowering taxes, reducing red tape and creating the conditions for long-term investments. Through strategic investments, Ontario is building a more resilient, self-reliant and competitive economy.

Quick Facts

Employing approximately 25,000 people worldwide, Tenaris operates an integrated network of steel pipe manufacturing, R&D, finishing and service facilities, with a direct presence in major energy markets across the Americas, Europe, the Middle East, Asia and Africa.
Home to three large producers, Ontario is the steel-making hub of Canada and the leading province for manufacturing key industrial materials. The province’s steel supply chain supports nearly 16,100 direct and 53,000 indirect jobs.
Ontario’s manufacturing sector is a driving force behind the province’s economic strength and global competitiveness, employing over 800,000 workers across the province.
As part of Ontario’s broader strategy to protect Ontario against U.S. tariffs, the province offers programs to ensure long-term economic competitiveness and resilience including the Trade-Impacted Communities Program, the Ontario Together Trade Fund, the Protect Ontario Financing Program and the Ontario Made Manufacturing Investment Tax Credit.
Since its inception, Invest Ontario has announced $14.5 billion in investments by companies, resulting in the creation of more than 13,110 jobs across the province.
Since 2019, the Ontario government has provided $9 million through the Northern Ontario Heritage Fund Corporation to help Tenaris upgrade its facility, purchase new equipment and expand operations in Northern Ontario.

Quotes

“Canada’s steel industry is a cornerstone of our economic strength and a driver of our industrial future. Our government remains firmly committed to supporting the steel sector in Sault Ste. Marie. At a time of rising tariffs and trade uncertainty, our government’s investment in Tenaris reinforces local manufacturing, creates good-paying jobs, and delivers real, lasting benefits for the region and for Canada.”

– Mélanie Joly
Federal Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions

“It is great to see Tenaris expand their footprint in Sault Ste. Marie and build on a decades-long presence in Northern Ontario. This investment will create new opportunities for workers, enhance local manufacturing capabilities and ensure Ontario can continue delivering high-quality steel products that support Canada’s future.”

– George Pirie
Minister of Northern Economic Development and Growth

“With unprecedented risk facing Canada’s economy, our government believes strongly that we must build and buy more products made right here at home. This investment in Sault Ste. Marie is a major vote of confidence in our plan to keep taxes, red tape and energy bills down. From beginning construction on the first Small Modular Reactor in the G7 to advancing major transmission projects, our government is building big, building Canadian and building with Ontario steel.”

– Stephen Lecce
Minister of Energy and Mines

“Tenaris has been a cornerstone of Sault Ste. Marie’s industrial economy for more than 25 years and this latest investment reflects continued confidence in their local workforce, our community and the future of manufacturing in Northern Ontario. At a time when many local workers and families are facing economic challenges, Tenaris is once again helping create new opportunities and supporting long-term economic stability. We are proud to serve as Tenaris’ anchor community in Canada, and we thank Tenaris, along with the Governments of Ontario and Canada for helping make this expansion possible and continuing to build on the company’s success in Sault Ste. Marie.”

– Matthew Shoemaker
Mayor, Sault Ste. Marie

“Tenaris’ expansion reflects the strength of Ontario’s manufacturing sector, and the vital role Northern Ontario plays in supporting Canada’s energy supply chain. Invest Ontario can help the company navigate programs, connect with partners and coordinate across government. We are pleased to support Tenaris as it looks to grow its operations and continue creating jobs in Northern Ontario.”

– Khawar Nasim
CEO, Invest Ontario

Ontario Welcomes $306 Million Steel Manufacturing Investment by Tenaris in Sault Ste. Marie

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