Do you want to get LME Steel Scrap Turkey rates in USD? You should try with an API!
Steel scrap is discarded steel or steel products that have been separated for melting by composition and size. The number of abandoned consumer durables and worn-out industrial equipment grows as the globe becomes more industrialized. It manufactures more than 40% of all steel produced worldwide. Scrap steel produces more than 500 million tons of steel each year.
Its price is set by the London Metal Exchange (LME), and it is updated every day at 16:30 H, London time. Steel scrap is a new industry with a rapidly growing demand. As a result, to make the best investment decisions, you must keep up with market pricing. Because the American dollar has a global pattern of change, you must be up to speed on this currency. For this purpose, an API is a tool that can help you.
But, what is an API?
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.
If you want to use an API that gives USD value information, Metals-API is a suitable choice. In just a few simple clicks, you’ll have access to the most user-friendly option for following live metals prices.
Why Metals-API?
It is refreshed every 60 seconds with a 0.2 decimal difference. It has a large selection of metals. It connects to a wide range of devices, including smartphones and computers.
It compiles data on metal prices from the world’s most prestigious financial institutions and banks (in this case, London Metals Exchange). Because commercial sources better represent market exchange values, they are given more weight, particularly for large currencies and products.
Subscribe to Metals-API:
- To get an API key, go to www.metals-API.com.
- As your working materials, choose metal -(STEEL-SC) and currency.
- Before connecting to the API with these symbols, add metal and currency to your list. There are a variety of programming languages and price points to choose from as well. (JSON; PHP)
- To complete the task, you must press the “run” button.
The API should look like this on your screen:
{
"success": true,
"timestamp": 1519296206,
"base": "STEEL-SC",
"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,
[...]
}
}