Get Iron Ore (IRON) prices using this API

Get Iron Ore (IRON) Prices Using This API

In the rapidly evolving world of commodities trading, having access to real-time data is crucial for making informed decisions. One such commodity that plays a significant role in the global market is Iron Ore (IRON). In this blog post, we will explore the dynamics of Iron Ore markets, the transformative potential of the Metals-API, and how developers can leverage this API to access vital pricing information and insights.

Metals-API Information

About Iron Ore (IRON)

Iron Ore is a key raw material used in steel production, making it a critical component of the global economy. As industries continue to digitize and embrace technological advancements, the metal markets are undergoing a digital transformation. The integration of smart technologies and data analytics is reshaping how traders and businesses interact with these commodities.

With the rise of data-driven decision-making, the demand for accurate and timely information has never been higher. The Metals-API provides developers with the tools to access real-time and historical data on Iron Ore prices, enabling them to build applications that can analyze trends, forecast prices, and optimize trading strategies.

API Description

The Metals-API is a powerful tool that offers developers access to real-time metals data, including Iron Ore prices. This API is designed to empower developers to create next-generation applications that can harness the power of data analytics and insights. By providing a comprehensive suite of endpoints, the Metals-API allows users to retrieve the latest rates, historical data, and even perform conversions between different metals.

For more information on how to get started, visit the Metals-API Website or check out the Metals-API Documentation for detailed instructions on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for Iron Ore and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is essential for traders who need to stay updated on market fluctuations.

{
        "success": true,
        "timestamp": 1743303622,
        "base": "USD",
        "date": "2025-03-30",
        "rates": {
            "IRON": 0.000482
        },
        "unit": "per metric ton"
    }

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing market trends. The Historical Rates Endpoint allows users to query Iron Ore prices dating back to 2019. By appending a specific date to the request, developers can retrieve past pricing data to inform their trading strategies.

{
        "success": true,
        "timestamp": 1743217222,
        "base": "USD",
        "date": "2025-03-29",
        "rates": {
            "IRON": 0.000485
        },
        "unit": "per metric ton"
    }

Bid and Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for Iron Ore. This information is vital for traders looking to make quick decisions based on current market conditions.

{
        "success": true,
        "timestamp": 1743303622,
        "base": "USD",
        "date": "2025-03-30",
        "rates": {
            "IRON": {
                "bid": 0.000481,
                "ask": 0.000483,
                "spread": 2.0e-6
            }
        },
        "unit": "per metric ton"
    }

Convert Endpoint

The Convert Endpoint allows users to convert any amount of Iron Ore from one currency to another. This feature is particularly useful for international traders who deal with multiple currencies.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "IRON",
            "amount": 1000
        },
        "info": {
            "timestamp": 1743303622,
            "rate": 0.000482
        },
        "result": 0.482,
        "unit": "metric tons"
    }

Time-Series Endpoint

The Time-Series Endpoint allows users to query daily historical rates between two dates of their choice. This feature is essential for analyzing price movements over time and making informed predictions about future trends.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-03-23",
        "end_date": "2025-03-30",
        "base": "USD",
        "rates": {
            "2025-03-23": {
                "IRON": 0.000485
            },
            "2025-03-30": {
                "IRON": 0.000482
            }
        },
        "unit": "per metric ton"
    }

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how Iron Ore prices fluctuate on a day-to-day basis. This data is crucial for traders looking to understand market volatility and make strategic decisions.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-03-23",
        "end_date": "2025-03-30",
        "base": "USD",
        "rates": {
            "IRON": {
                "start_rate": 0.000485,
                "end_rate": 0.000482,
                "change": -3.0e-6,
                "change_pct": -0.62
            }
        },
        "unit": "per metric ton"
    }

Open/High/Low/Close (OHLC) Price Endpoint

The OHLC Price Endpoint allows users to retrieve the open, high, low, and close prices for Iron Ore over a specific time period. This data is essential for technical analysis and understanding market trends.

{
        "success": true,
        "timestamp": 1743303622,
        "base": "USD",
        "date": "2025-03-30",
        "rates": {
            "IRON": {
                "open": 0.000485,
                "high": 0.000487,
                "low": 0.000481,
                "close": 0.000482
            }
        },
        "unit": "per metric ton"
    }

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols, dating back to 2008. This endpoint is particularly useful for traders who need to analyze long-term trends in Iron Ore pricing.

{
        "success": true,
        "timestamp": 1743217222,
        "base": "USD",
        "date": "2025-03-29",
        "rates": {
            "IRON": 0.000485
        },
        "unit": "per metric ton"
    }

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

Conclusion

In conclusion, the Metals-API offers a robust solution for developers looking to access real-time and historical data on Iron Ore prices. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion options, this API empowers users to make data-driven decisions in the dynamic world of metal trading. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance trading strategies and provide valuable insights into market trends.

For more information on how to implement these features, visit the Metals-API Documentation for detailed guidance. Embrace the future of metal trading with the power of real-time data at your fingertips!