Modernization of Tenaris Sault Ste. Marie facility will expand domestic capacity for critical oil and gas materials
Today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, accompanied by Terry Sheehan, Member of Parliament for Sault Ste. Marie-Algoma, announced a $76.2 million investment through the Strategic Response Fund in Tenaris's $305.9 million project to modernize its Sault Ste. Marie Industrial Centre, expanding and upgrading its specialized steel production capacity and increasing its long-term sustainability. The global economy is rapidly transforming, and the Government of Canada is making strategic investments to protect Canada's steel industry, support Canadian workers, and strengthen domestic industrial capacity as part of building a strong, resilient economy.
Today's investment will enable Tenaris to acquire new equipment, increase automation and upgrade existing production lines at its Sault Ste. Marie facility, while creating and maintaining over 1,000 well-paying jobs over the course of the project, which will support a strong workforce in Canada's steel industrial sector. Tenaris will expand production of tubular products for oil, gas and industrial markets by improving efficiency, increasing domestic capacity and diversifying products, while bolstering energy sovereignty, strengthening supply chains and building industrial resilience. The company will also introduce advanced technologies and digitalization, enabling the production of high‑spec seamless tubular products designed for complex operating environments.
This announcement follows the measures to protect and strengthen Canada's steel industry announced by Prime Minister Carney on July 16, 2025, and Minister Joly's announcement on May 4, 2026, of a new $1 billion Business Development Bank of Canada program to support Canadian steel, aluminum and copper businesses affected by U.S. tariffs.
As Canada moves from reliance to resilience, the government is investing in the long‑term sustainability of the country's manufacturing base and strengthening domestic supply chain security for key energy and infrastructure applications. Today's investment represents a significant step in the government's plan to position Canada's steel industry for lasting success.
