Are you looking for an API that provides you with LME steel HRCl in tonnes? Here, we’ll make a recommendation.
Steel demand has increased in recent months as global economies leave Covid-19 lockdowns and activity gradually returns to more normal levels. As a result, increased steel prices have contributed to greater output rates. In the most recent period, hot-rolled coil (HRC) reached $894/t on June 23, up from $438/t the previous year. HRC prices in the Midwest of the United States increased to $1,854.64/t from $545.09/t.
The anticipation of this business’s expansion motivates paying attention to the production quantity to choose the optimal time to invest. An API is the greatest instrument for obtaining information on this metal in real-time of this quantity.
What Is An API?
API is an acronym for Application Programming Interface. This is software that allows two devices to interact with one another, sending information. There are a lot of them on the internet, but not all of them provide the same data.
As a result, we strongly recommend Metals-API, which is quickly becoming one of the most comprehensive APIs for precious metal values. You can use many metals and currencies on your website if you use this program. It delivers real-time information on your favorite metal. You may also view historical statistics and the variation of production.
To obtain it, perform these steps:
- www.metals-API.com will supply you with an API key.
- Pick up the Steel HRC (STEEL-HR) as well as the money sign.
- Before concluding the API call, use these symbols to include metal and money in the list. You may choose from a variety of programming languages (PHP, Python, and JSON) and price levels.
- All you have to do now is hit the “run” button and you’re finished! The API will be displayed on your device.
- Keep in mind that the rates in this API are in troy ounces. Metals rate APIs are multiplied by 3.11035e-5 to calculate tonnes. Following that, you will be able to obtain the appropriate pricing.
Why Metals-API?
Metals-API began as a simple, lightweight Open-Source API that allowed banks to retrieve current and historical precious metals prices. This API offers real-time precious metals data to two decimal places with a refresh rate of 60 seconds.
Precious metals exchange rates, single currency switching, Time-Series data, volatility statistics, and the lowest and highest prices of the day are among the features available. The Metals-API can calculate exact precious metal exchange rates in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.