Do you need to invest in steel rebar but do not find the official prices? You should read this post!
Reinforcement steel is a crucial component of concrete foundations, whether you’re constructing a driveway concrete slab or a 50-story office complex. It provides the tensile and compressive strength necessary.
Reinforcing steel (also known as rebar) is created using iron ore as basic material. Because concrete is weak in tension and steel is strong in tension and compression, it is utilized in concrete to enhance strength. As a result, steel and concrete are the greatest materials for your structures.
Steel and concrete, it turns out, has similar coefficients of thermal expansion, which means that when the temperature varies (through the day and night, season to season), the structure’s structural parts, such as beams, columns, and slabs, feel less charged.
You can find a lot of prices on the web. But, the official values are established by the London Metal Exchange. If you are investing in this metal, you need to know the information from reliable sources. Moreover, to make the best decisions for investments in the perfect moment, you should to stay update about the oficial prices in real-time.
For this objective, the best option is to use an API. It is an interface that connects two devices and sends information. The API that will help you to make the best investments in LME Steel Rebar Turkey is Metals-API because in it you can see live prices from the most famous financieral entities.
How to join Metals-API?
- To get an API key, go to www.metals-API.com.
- Choose the symbols in your preferred metal (STEEL-RE) and currencies
- Before connecting to the API with these symbols, add metal and currency to your list. You may also choose from a variety of programming languages and price levels.
- You must complete the objective by using the “run” button.
The API should look like this on your screen:
{
"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,
[...]
}
}
Why Metals-API?
It is updated every 60 seconds and offers a wide spectrum of metals. Metals-API access gives you access to the most recent market pricing. The previous price will also be considered. It offers a diverse selection of metals and currencies. It is compatible with a wide range of devices.
It collects metal’s prices information from the most important financial institutions and banks. Commercial sources, especially for major currencies and metals, are given a higher weighting since they better represent market exchange.