Would you like to make your recycled metals investments more efficient? This is something you should read carefully!
Scrap steel or steel products that have been segregated for melting by composition and size are known as steel scrap.
There are three ways to choose from: Internal scrap is also known as reversion scrap or domestic scrap. It refers to the scrap metal generated during the steelmaking, casting, and finishing operations at the steel mill. The garbage created by the steel plant’s clients, the manufacturing sectors, during the product manufacturing process is known as prompt scrap or process scrap. Among the abandoned industrial and consumer products that are retrieved for outdated scrap are ships and refrigerators, as well as construction beams and cars.
As the world grows more industrialized, the number of abandoned consumer durables and worn-out industrial equipment increases. It produces more than 40% of all steel produced in the world. Each year, more than 500 million tons of steel are produced from scrap steel.
The scrap steel industry is the next big thing. The London Metal Exchange (LME) is in charge of its price, which is updated every day at 16:30 H, London time. Steel scrap is a relatively young sector with a burgeoning market. As a result, you must keep up with market prices to make the most optimizer investing choices. You should use an API for this purpose.
You may utilize an API (Application Programming Interface) to compare steel scrap turkey values over time if you’re seeking a tool to do so. It’s a communication interface that links two devices and allows them to share data. Metals-API, for example, is an API that aggregates all metals market values in all currencies from the world’s most major financial institutions and banks, in this case, the London Metal Exchange (LME).
But, Why Metals-API?
Metals-API can send live precious metals data to an API every 60 seconds with a 2 decimal point precision. Delivering Precious Metals exchange rates, converting single currencies, and providing Time-Series and Fluctuation data are just a few of the services available.
In this case, Metals-Api is an excellent option. In just a few easy clicks, you’ll be able to access the most user-friendly service for following live metals prices.
Sign up! It is very easy:
- Your API key may be generated at www.metals-API.com.
- Look for LME Steel Scrap Turkey (STEEL-SC) in your preferred currency.
- Use these symbols to add metal and money to the list before performing the API call. You may also choose a programming language and a budget range.
- Finally, you press the “run” button to finish the job. The API will appear on your screen like this:
{
"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,
[...]
}
}