Upfront Cost vs Lifetime Cost
Steel costs more on day one because the material is pricier and the work is slower, with custom flashings bent for every hip, valley and wall. Standing seam with concealed clips sits at the top of the price range, while exposed-fastener panels and steel shingles fall in between.
Lifetime cost tells a different story. As a simple illustration, a roof costing $15,000 that lasts 25 years works out to $600 a year, while a $36,000 steel roof lasting 60 years works out to $600 a year as well, before counting the second tear-off and disposal the asphalt roof will eventually need.
The catch is that you only collect metal's value if you own the home long enough to use it. If you plan to sell within about 10 years, a new asphalt roof replacement usually returns more of its cost at sale, and the next owner gets a roof with plenty of life left.
Repair costs differ too. A few wind-damaged shingles are a quick, inexpensive fix with matching bundles still on the market, while a dented or creased steel panel usually has to be replaced end to end, and an exact colour match can be harder to find years later.