Tenaris says a $306 million investment in Sault Ste. Marie, Ont., will modernize and expand its industrial centre, with the project expected to create up to 200 new skilled jobs and strengthen the city’s steel manufacturing base.
The announcement was made May 22, 2026, with support from the federal government and Ontario. According to Invest Ontario, the province is contributing up to $72 million through the Invest Ontario Fund, while the federal government is providing $76.2 million through the Strategic Response Fund.
Tenaris said the money will go toward new equipment, production-line upgrades and an additional threading line at its Sault Ste. Marie Industrial Centre. The company said the expansion will increase domestic production of seamless and welded pipe used in energy drilling and transportation infrastructure by about 80 per cent, and build on more than $350 million it has invested in Canada since 2020.
The United Steelworkers welcomed the investment, with National Director Marty Warren calling it a win for workers, domestic production and the community. The announcement comes as Sault Ste. Marie continues to deal with the impact of Algoma Steel’s accelerated move to electric arc furnace technology, which led to about 1,000 layoffs effective March 23, 2026.
Premier Doug Ford also used the visit to signal he is open to talks about the city’s port proposal, calling it “a fantastic project.” Separately, the Missanabie Cree First Nation has bought the former Agero call centre on Pim Street and plans to turn the vacant building into a training centre.
