Just another Moderator
Join Date: Sep 2005
Location: New Westminster, BC
Thanked 385 Times in 365 Posts
Rep Power: 10
The cheap steel boats are likely "homebuilt", or poorly maintained examples.
Companies like Waterline Yachts in BC, and Amazon built very high end, round-bilged steel boats difficult to distinguish from fiberglass and they command very high end prices - certainly at least on a par with quality glass boats, and higher than many.
So when you see a "1/2 price" steel boat, it bears checking out very thoroughly, preferably by a surveyor specializing in steel.