Do you need LME Steel Rebar Turkey rates in USD to run your business more efficiently? Then you should read this article!
Rebar, also known as reinforcement steel or reinforcing steel, is a steel bar or mesh of steel wires used in reinforced concrete and masonry projects to strengthen and hold the concrete in tension. The rebar’s surface is commonly textured to improve the quality of the concrete connection.
Concrete is strong in compression but weak in tension, which is why rebar is utilized to compensate for it. By being embedded in concrete, rebar may sustain tensile loads, increasing total strength.
Turkey has one of the world’s largest building rebar markets. Thei prices are established by The London Metal Exchange. However, there are many unofficial prices on the internet. Because the market is very dynamic and expenditures fluctuate so frequently, they modify the pricing. If you’re investing in the building industry, though, you’ll want to keep track of prior pricing to determine when the best moment to buy is.
Using an API is the simplest way to get this objective. It is a software interface that allows two apps to interact with one another is called an application programming interface (API). A mobile phone app connects to the Internet and sends information to a server when you use it. When the server receives this information, it analyzes it, validates its security, and then returns it to your phone. The computer then analyzes the data and presents it to you in an understandable manner.
Metals-API is a good alternative if you’re looking for an API that provides USD value information. You’ll have access to the most user-friendly choice for keeping track of live metals prices with just a few easy clicks.
Why Metals-API?
With a 0.2 decimal difference, it is updated every 60 seconds. It has a wide range of metals. It can communicate with a variety of devices, including cellphones and laptops. It gathers metal pricing information from some of the world’s most famous financial organizations and banks (in this case, London Metals Exchange). Commercial sources are given more weight since they better represent market exchange values, especially for major currencies and items.
Subscribing to Metals-API is simple:
- Visit www.metals-API.com to obtain an API key.
- Choose metal (STEEL-RE) and currency as your working supplies.
- Add metal and currency to your list before connecting to the API with these symbols. There are several programming languages to pick from, as well as a range of price ranges. (PHP; JSON)
- You must press the “run” button to finish the mission.
On your screen, the API should appear like this:
{
"success": true,
"timestamp": 1519296206,
"base": "STEEL-RE",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
See more: How To Get LME Steel Rebar Turkey Fluctuation Data With An API