Skip to content
Industry Minister Mélanie Joly announced Friday the federal government is committing $76.2 million through the Strategic Response Fund toward the global manufacturer’s $305.9-million project to expand production of steel pipes used in oil and gas at its plant in Sault Ste. Marie, Ont. The Ontario government is kicking in up to another $72 million. (The Logic)
Talking point: Martín Castro, president of Tenaris in Canada, said Ottawa’s efforts to spur oil and gas projects is key. “We’re seeing more and more development, particularly in Western Canada, which is supporting the growth of our production here.” Eighty per cent of the tubular steel products Tenaris makes in Canada are for the domestic market, but its supply chain is still exposed to Trump’s steel levies. “We are maximizing steel production and pipe manufacturing in the U.S. to mitigate these tariff numbers,” CEO Gabriel Podskubka said May 7.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: Canada’s wartime economic triumph can teach us something today
Briefing
Nokia to spin out space communications business through Canadian SPAC deal
Ontario police aren’t reporting spyware use, senior privacy official warns
Magna founder Stronach found guilty of indecent and sexual assault
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
