Are you searching for iron ore prices? Then probably using an API is the best choice. Here, we explain how to use this.
Iron ores are rocks and minerals that can be commercially mined for metallic iron. Iron oxides are abundant in the ores, which range in color from dark grey to bright yellow to deep purple to rusty red. Iron ore is the principal source of iron for the iron and steel industries around the world.
It is thus necessary for the manufacturing of steel, which is necessary for the maintenance of a strong industrial basis. Almost all iron ore (98 percent) is utilized to make steel. There are over 50 countries that mine iron ore. Demand for five major steel products, including rebar, wire rod, and hot-rolled coils, appears to have increased.
It has increased steel production, so staying up to date on iron ore prices is critical if you want to invest in it. Nowadays, finding a website, application, or software that provides this type of information in real-time. However, you can obtain it by using API which is an interface that gathers information from a location and then sends it to the user who requested it. It’s as easy as that, and it’ll come in handy in a variety of situations.
How To Get An API
You must use software that allows you to access this technology in order to have access to it. On the internet, you might be able to find a few. We’ll utilize Metals-API to show how it works in this example because we believe it’s the most complete.
To get iron ore prices, you have to:
1. Register at www.metals-API.com to receive your unique API key.
2. On the website’s list, look for the symbols for Iron Ore.
3. Using these symbols, add metal and money to the list, then contact the API. You can also select your preferred programming language and various rate kinds, such as historical and spot pricing.
4. The website will provide you with the API you requested right away.
What is Metals-API?
The website’s data can be used in a variety of locations, including spreadsheets, other websites, and mobile apps.
Metals-API collects data from over 15 reliable data sources per minute. Among them are banks and financial data providers. As a result, you’ll get extremely accurate pricing.
It accepts more than 170 currencies, commodities, and cryptocurrencies, including Bitcoin and Litecoin. Using the same API endpoints, any quantity can be converted from one currency to another, as well as from one metal to any metal and any currency to any currency.
Also published on Medium.