Are you seeking a PHP API that will allow you to access LME steel HRC China rates? This article will explain to you all you need to know.
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, vehicles, trains, and shipyards. Steel is rolled into hot-rolled coils after being machined at high temperatures.
China is one of HRC’s most important markets. Because the global market is so competitive, prices are always changing. Because of its high liquidity and importance as a raw material for manufacturers, HRC is a critical metal that needs precise and timely spot pricing and analysis.
You must stay current to choose the optimum time to invest. As a result, an API is a way to go if you want to keep track of these rates in PHP. It is an Application Program Interface (API) that links two servers and transfers data between them.
How Does PHP Work
PHP is a server-side programming language for developing static, interactive, and web-based applications. The term PHP stands for Hypertext Preprocessor. PHP scripts can only be executed on servers that have the PHP programming language installed. Client computers that access the PHP scripts just require a web browser.
PHP is not used by all APIs to convey information. As a result, we recommend Metals-API, one of the most well-known and comprehensive APIs for precious metals pricing, to help you improve your investments. This will display current and historical metal prices. Price fluctuation data may also be used to examine price fluctuations. The data is available in USD, Euro, and over 170 other currencies.
Complete the following steps to receive your one-of-a-kind API key:
- Visit www.metals-API.com.
- On the website’s list, look for the LME Steel HRC China (LME-HR) symbols.
- Incorporate these metal and currency symbols into the list, then contact the API. You may also choose from a variety of programming languages and rate types, including historical and spot pricing.
- Finish by pressing the “Run” button.
The API will display the following:
// set API Endpoint and API key
$endpoint = 'latest';
$access_key = 'API_KEY';
// Initialize CURL:
$ch = curl_init('https://metals-api.com/api/'.$endpoint.'?access_key='.$access_key.'');
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates['rates']['GBP'];
Why Metals-API
Metals-API is visited by a large number of developers, small businesses, and large organizations every day. Over 500 organizations, including Barrick Gold, Chainlink, and Glencore, use this API. They may use this tool to quickly and easily obtain current global market prices for any metal.
Metals-API is the most reliable source for real-time precious metals rates since it gets data from roughly 15 trusted data sources, such as financial institutions, every minute. Many programming languages, such as JSON, Python, and PHP, may be used to create real-time apps and software from data.