Invest Ontario welcomes Tenaris’s expansion in Sault Ste Marie to strengthen Ontario’s steel and energy supply chains

Major reinvestment would modernize steel pipe manufacturing capacity, product range and productivity, to strengthen the domestic oil and gas supply chain infrastructure from Sault Ste. Marie, ON.

SAULT STE. MARIE, Ontario, May 22, 2026 – Invest Ontario welcomes this $306 million reinvestment by Tenaris to modernize and expand its steel pipe manufacturing operations in Sault Ste. Marie, supported by a conditional loan from the Invest Ontario Fund of up to $72 million, subject to the execution of a definitive funding agreement.

The expansion would create approximately 200 new jobs and support an increase in annual domestic production of roughly 80% of seamless and welded pipe used in critical energy drilling and transportation infrastructure, supporting Canada’s sovereign supply chain.

Tenaris produces seamless and welded steel pipe from its Canadian manufacturing hub in Sault Ste. Marie, including the Oil Country Tubular Goods (OCTG) and line pipe products used across oil and gas drilling, production and transportation applications. The investment would modernize production lines, extend advanced automation and process improvements, increase annual manufacturing production and broaden the company’s product mix to better serve growing demand from Canadian energy markets.

The investment comes at a time when Canada is advancing natural gas, LNG export, and oil infrastructure projects, and as Northern Ontario’s steel sector navigates economic pressures and trade disruption. The expansion reinforces Ontario as a competitive destination for large-scale industrial investment and a secure North American base for advanced manufacturing. The investment illustrates the strong industrial connection between Ontario and the oil and gas activity in provinces west and east.

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. With this more than $300 million CAD investment, on top of more than $350 million CAD invested since 2020, we illustrate Tenaris’s steadfast commitment to Canadian manufacturing. Today’s milestone builds on this momentum to expand Canada’s domestic supply chain for OCTG and line pipe.

Martín Castro

President, Tenaris in Canada

Tenaris’s 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. 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.

Hon. Doug Ford

Premier of Ontario

Amid global uncertainty, Ontario’s stable, reliable and predictable business environment continues to instill confidence and attract job-creating investments. 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.

Hon. Vic Fedeli

Minister of Economic Development, Job Creation and Trade

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.

Hon. Stephen Lecce

Minister of Energy and Mines

It is great to see Tenaris to 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.

Hon. George Pirie

Minister of Northern Economic Development and Growth

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

For more information about Invest Ontario, please visit www.investontario.ca.