Are you searching for an API that lets you use python to obtain LME steel HRC China rates? In this post, you will get all the information!
Hot-rolled coil (HRC) is the most common finished steel form in the global steel industry, and it is the foundation for many steel-based industrial goods. Due to its high liquidity and importance as a raw material for manufacturers, HRC is a critical metal that necessitates precise and rapid spot pricing and analysis.
It’s ideal for applications that don’t necessitate a lot of force or change in form. Pipelines, cars, trains, and shipyards are just a few of the applications. Steel is rolled into hot-rolled coils after being machined at a high temperature.
One of HRC’s most important markets in China. It’s a very competitive market all over the world, and as a result, the values are always changing. You must stay current to choose the optimum time to invest. As a result, if you’re searching for a solution to keep up with these rates in Python, you should use an API.
Why Python?
Python is an interpreted high-level general-purpose programming language. Its design concept prioritizes code readability by employing a large amount of indentation. Its language features and object-oriented approach are also intended to help programmers write clear, logical code for both small and large-scale projects.
An API is a software program that links two computers or apps. You may get any sort of information with only a few simple clicks. APIs are used for a variety of applications, and almost every major platform makes use of them.
You’ll need to look for and use software that provides this service. There are a few internet sites that may help you with this, but you should pick wisely because not all of them work in the same way or provide the same information.
Finding an API is simple, but finding one that offers Python LME Steel HRC pricing is more challenging. Metals-API is a wonderful place to start because it is one of the most popular and comprehensive precious metals APIs in the world. It has the potential to collect a wide range of data and be quite valuable to your company. To incorporate the API into your website or blog, utilize the plugins on the Metals-API main page.
You must perform the following to take benefit of it:
- Create an account at www.metals-API.com to get your API key.
- Look for the LME Steel HRC China (STEEL-HR) and your preferred currency symbol.
- Use these symbols to add metal and currency to the list before making the API call.
- Finally, you press the “run” button to finish the job.
- To acquire Python information, you should utilize the Request module.
This is how it should appear:
import requests
base_currency = 'USD'
symbol = 'LME-STEEL'
endpoint = 'latest'
access_key = 'API_KEY'
resp = requests.get(
'https://metals-api.com/api/'+endpoint+'?access_key='+access_key+'&base='+base_currency+'&symbols='+symbol)
if resp.status_code != 200:
# This means something went wrong.
raise ApiError('GET /'+endpoint+'/ {}'.format(resp.status_code))
print(resp.json())
Why Metals-API?
This API can provide precise exchange rate information for precious metals and 170 different currencies, including Bitcoin and other major cryptocurrencies. It can also provide API access to real-time precious metals data with a 2 decimal point accuracy and a frequency of up to 60 seconds.
Metals-API only provides midpoint exchange rate data. Midpoint rates are calculated using the average median rate of Bid and Ask at a given time. Metals-API gathers data from the most well-known financial institutions.