Several industries in Sault Ste. Marie, Ont., have faced economic uncertainty recently, but Tenaris, a major steel pipe producer, remains stable. The company celebrated its 25th year in the city with an event attended by dignitaries and company officials.
Tenaris resumed operations at its tubular mill in Sault and began hot rolling pipe in late 2000, becoming the sole producer of seamless pipes for oil and gas extraction in Canada. In 2022, Tenaris upgraded its plant, introducing electric resistance welded pipe manufacturing.
Tenaris currently employs over 800 workers in Sault Ste. Marie, with 600 hires in the last four years out of its 26,000 global workforce. Mayor Matthew Shoemaker highlighted Tenaris’ role in supporting the city’s energy sector amidst increasing energy demand.
Tenaris reiterated its commitment to long-term growth in the oil, gas, and energy sectors. Martin Castro, Tenaris President for Canada, noted increasing interest in their products from Canadian customers, providing stability amid uncertain times.
Despite tariff threats, Tenaris stated it does not currently need government financial aid, relying on Canadian and international customers. Castro praised government efforts to protect the steel industry, aiding companies like Tenaris in meeting domestic demand.
Castro assured no layoffs are expected in Sault in the near future, emphasizing Tenaris’ long-term commitment and post-COVID investments. The company, with revenues of $14.9 billion USD in 2023, has invested $255 million in Sault’s industrial center since 2020.
Tenaris aims to enhance production modernization and expand product offerings from Sault, catering to leading oil and gas companies worldwide.