Are you looking for an API that allows you to get LME steel HRC China rates using JSON? You’ll find all you need to know in this article!
The most prevalent finished steel form in the global steel industry is a hot-rolled coil (HRC), which is the foundation for many steel-based industrial items. It’s perfect for applications that don’t require a lot of force or shape change. Pipelines, automobiles, railways, and shipyards are just a few examples. After being machined at a high temperature, steel is rolled into hot-rolled coils.
The global market is extremely competitive and China is one of HRC’s most significant markets. With this potential country on the top, prices are always fluctuating. HRC is a crucial metal that requires precise and speedy spot pricing and analysis due to its high liquidity and importance as a raw material for manufacturers. To determine the best moment to invest, you must keep current.
As a result, if you’re looking for a way to keep track of these rates in JSON, an API is the way to go. It is an Application Program Interface that connects two servers and sends data between them.
The majority of APIs utilize the JSON format. If you don’t know what this is, we’ll explain it to you. JSON (JavaScript Object Notation) is a schema-free text-based representation of structured data that uses ordered lists and key-value pairs. Although it is built on JavaScript, it is supported directly or through libraries by most major programming languages.
Why JSON?
Online servers, browsers, and mobile apps all employ JSON as a data communication format. Its straightforward architecture and versatility make it simple to read and comprehend, as well as to alter in most programming languages. Due to the lack of a set structure, the format can be more flexible.
How To Get An API?
So, you’re probably wondering how to get your hands on the API in JSON. There are a few software that has this feature, and they might be quite handy. However, not all of them work in the same way, so investigate before committing and wasting your money.
Metals-API is an excellent API that can offer you pricing for a wide range of metals like LME steel HRC in a variety of currencies with two decimal point precision. It also allows you to choose a variety of programming languages.
Follow the steps below to get it:
- At www.metals-API.com, you may create your API key.
- Look for LME Steel HRC China (LME-HR) as well as your preferred currency.
- Before performing the API request, use these symbols to add metal and currency to the list. You may also pick from many other programming languages.
- Then all you have to do is hit the “run” button and you’re done! The API will be displayed on your screen.
This is how the API will look:
{
"success": true,
"timestamp": 1519296206,
"base": "LME-HR",
"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,
[...]
}
}
Why Metals-API?
Metals-API is a lightweight Open-Source API that provided users with current and historical precious metals prices from banks. It gets data from the most reliable international sources.
These services include providing precious metals exchange rates, converting single currencies, providing Time-Series data, fluctuation data, and the day’s lowest and highest prices.