Are you looking for a PHP API to access LME steel Rebar Turkey rates? This post will teach you all you need to know.
Rebar, also known as reinforcement steel, is a steel bar or a mesh of steel wires used to strengthen and keep concrete in tension in reinforced concrete and masonry constructions. To increase the quality of the concrete connection, the surface of the rebar is usually textured. Concrete is strong in compression but weak in tension, thus rebar is utilized to compensate. Because rebar is embedded in concrete, it can withstand tensile stress, increasing overall strength.
Official prices are regulated by the London Metal Exchange, however, there is a lot of unofficial pricing on the internet. They update the pricing since the market is so dynamic and expenditures change so frequently. If you want to invest in the construction sector, you must keep up to date to select the best moment to do so.
As a result, if you’re looking for a way to keep track of these rates in PHP, you should consider using an API. It’s software that connects two devices and transmits data between them. It is viewable on mobile phones and PCs.
What Is PHP
The term PHP stands for Hypertext Preprocessor. PHP is a server-side programming language for developing static, interactive, and web-based applications. PHP scripts can also only be executed on servers that have PHP installed. Client computers that access the PHP scripts just require a web browser.
PHP is not used by all APIs to convey information. As a result, we recommend Metals-API, one of the most well-known and comprehensive APIs for precious metals pricing, to help you improve your investments. This will display current and historical metal prices. Price fluctuation data may also be used to examine price fluctuations. The data is available in USD, Euro, and over 170 other currencies.
Complete the following steps to receive your API key:
- Visit www.metals-API.com.
- On the website’s list, look for the LME Steel Rebar Turkey symbols (LME- RE).
- Insert these metal and currency symbols into the list, then contact the API. You may also choose from a variety of programming languages and rate types, including historical and spot pricing.
- Finish by pressing the “Run” button.
The API will display the following:
// set API Endpoint and API key
$endpoint = 'latest';
$access_key = 'API_KEY';
// Initialize CURL:
$ch = curl_init('https://metals-api.com/api/'.$endpoint.'?access_key='.$access_key.'');
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates['rates']['GBP'];
Why Metals-API
Each day, a large number of developers, small businesses, and large companies visit Metals-API. This API is utilized by over 500 firms, including Barrick Gold, Chainlink, and Glencore. They may use this tool to quickly and easily obtain current international market rates for any metal.
Metals-API is the most reputable source for real-time precious metals rates since it gets data from roughly 15 credible data sources, such as financial institutions, every minute. Many programming languages, including JSON, Python, and PHP, may be used to create real-time apps and software from data.