Are you looking for a way to get LME steel HRC China rates in USD? Then check this API!
Hot-rolled coil (HRC) is the most common completed steel form in the worldwide steel industry, and it serves as the foundation for many steel-based industrial goods. It’s ideal for applications that don’t need a great deal of force or form change. Just a few examples are pipelines, automobiles, railways, and shipyards. Steel is rolled into hot-rolled coils after being machined at high temperatures.
HRC’s most significant market is China. Prices are always changing since the global market is so competitive. HRC is a crucial metal that requires precise and rapid spot pricing and analysis due to its high liquidity and importance as a raw material for manufacturers.
You must keep current in order to determine the best moment to invest. As a result, if you wish to keep track of these rates in PHP, an API is the way to go. It is an Application Program Interface (API) that connects and transmits data between two servers.
About APIs
APIs, or application programming interfaces, facilitate software development and innovation by allowing programs to exchange data and functions in a straightforward and secure manner. A programming interface (API) is a set of rules that control how computers and programs communicate with one another. APIs connect an application and a web server, allowing data to be transferred between the two.
Many of them are available on the internet, albeit not all of them provide the same information. As a result, in order to prevent wasting your time with a negative meeting, you must exercise prudence while making decisions.
As a result, we strongly recommend that you use Metals-API, which is gradually becoming one of the most popular and comprehensive APIs for precious metal values. This application may provide you a variety of metals and currencies to use on your website.
You must do the following to make advantage of it:
- At www.metals-API.com, you may generate your own API key.
- Look for the LME Steel HRC China (LME-HR) and matching currency symbols (USD).
- Before concluding the API call, use these symbols to add metal and money to the list. You may also choose a programming language and a price range.
- After that, you hit the “run” button. The rates will be shown in troy ounces by the program.
About This Tool
Metals-API began as a simple, lightweight Open-Source API that allowed banks to obtain current and historical precious metals values. Metals-API API can offer real-time precious metals data with an accuracy of 2 decimal points and a frequency of up to 60 seconds through API. Time-Series data, volatility statistics, and the day’s lowest and highest prices, as well as precious metals exchange rates and currency conversion, are among the features available. The Metals-API API delivers accurate precious metal exchange rate data in over 170 currencies worldwide, including Bitcoin and other major cryptocurrencies.
Also published on Medium.