Mild steel sheet metal typically costs $0.80 to $1.20 CAD per pound of raw material, which works out to about $2.50–$4.50 CAD per square foot depending on thickness and grade. Fabrication adds labour, machine time, and finishing, so the final cost per square foot is often $8–$15 CAD or more for a simple cut-and-bend part. Complex projects or thicker gauges can raise that price significantly.