What Every Engineer Needs To Know About Steel Fabrication Today

OSSFA Report to ACEC-Ontario

Today in Ontario, when we look at structural steel. We can compare a free-standing 12 500 sf – LCBO Store, (Pre-Covid, Structural steel shell and steel joists) in 2019, it typically cost $420,000 for this steel material. Today it will cost over $1,000,000! This same building pre covid, in 2019 would take 2-3 months to be fabricated and built. Today this same LCBO store can take 3-4 times longer, (10-12 months using steel joists) and can be 2-3 times more expensive.

This is a steel fabricator’s new reality in 2022 and why we see more beams/ purlin- channels being redesigned and substituted from steel joists, for roof and floor systems to speed up the schedule. Further, the much higher material costs have a drastic impact on financing/ carrying costs. Hence many fabricators across Ontario are requiring deposits to book and finance the material. The sooner the material arrives, the less likely we incur future increases!

Read the entire report.