Buyers are starting to get a clearer picture of the cost of metal from sheets to concords and the cost to create those products.
Article Continued BelowThe prices are rising on sheet metal and concords, said Andrew Naughton, president of The Materials Market Group, which provides data to the Ontario government.
The average cost of an item in sheet metal is now $2,900, while an item made from a concord is now worth $4,300.
The price of a sheet metal piece has gone up from $8,800 in 2016 to $11,300 in 2018.
The price of concords is up from a low of $5,100 to $7,700.
The number of sheet metals being produced is also up from 2016 to 2018.
There were 1,907,600 pieces of sheet metal in Canada in 2018, up from 890,600 in 2016.
But that doesn’t mean that the cost is going up, Naughmont said.
The cost to produce a piece of sheetmetal has gone down by about 20 per cent from 2015 to 2018, and the price per piece of concord has gone back up about 35 per cent, he said.
“It is not like there is a jump in the price of the sheet metal itself.
That is a much lower price per sheet metal.”
Naughton said there is little evidence that the price is rising in the marketplace.
The province is still trying to find a way to keep sheet metal prices from rising, he added.