Steel manufacturer Tenaris has announced plans to spend $306 million to modernize and expand its operations in Sault Ste. Marie.

Tenaris is a global manufacturer of steel pipe products for the energy industry.

“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.”

Tenaris is 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. By introducing advanced automation and process improvements across their production lines, the company will increase its manufacturing output by 80 percent and expand its product offerings to meet growing demand.

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.

Ontario is providing up to $72 million in funding through the Invest Ontario Fund in support of the company’s investment.

“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 Tenaris in Canada President Martín Castro. “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.”

Tenaris employs approximately 25,000 people worldwide, and 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.

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