Get LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices to Enhance Your Trading Strategy using this API

Introduction

In the ever-evolving landscape of metal trading, having access to accurate and timely data is crucial for making informed decisions. One of the key players in this domain is the LME Steel Scrap CFR Turkey (STEEL-SC), which serves as a benchmark for scrap metal prices in Turkey. To enhance your trading strategy, leveraging the Metals-API can provide you with historical prices and real-time data that can significantly impact your trading outcomes. This blog post will delve into how to obtain historical prices using the Metals-API, while also exploring the broader implications of digital transformation in metal markets.

About LME Steel Scrap CFR Turkey (STEEL-SC)

The LME Steel Scrap CFR Turkey (STEEL-SC) is a vital indicator for traders and investors in the metal market, particularly in the context of scrap metal trading. As the demand for steel continues to rise globally, understanding the price dynamics of scrap steel becomes essential. The integration of technology and data analytics in this sector has transformed how traders approach market analysis and decision-making.

Digital Transformation in Metal Markets

The metal markets are experiencing a digital transformation, driven by advancements in technology and data analytics. This transformation allows traders to access real-time data, analyze trends, and make informed decisions quickly. The Metals-API plays a pivotal role in this transformation by providing developers with the tools needed to create applications that can harness the power of real-time metals data.

Technological Innovation and Advancement

Technological innovations such as machine learning and artificial intelligence are reshaping the way traders analyze market data. By utilizing the Metals-API, developers can integrate these technologies into their applications, enabling predictive analytics and automated trading strategies. This not only enhances trading efficiency but also minimizes risks associated with market volatility.

Data Analytics and Insights

Data analytics is at the heart of modern trading strategies. The Metals-API offers various endpoints that provide access to historical prices, real-time rates, and fluctuations. By analyzing this data, traders can identify patterns and trends that inform their trading decisions. For instance, the Historical Rates Endpoint allows users to retrieve past prices, enabling them to conduct thorough analyses of market behavior over time.

Smart Technology Integration

Integrating smart technologies into trading platforms can significantly enhance user experience and decision-making capabilities. The Metals-API supports various endpoints that facilitate this integration, allowing developers to create applications that provide users with real-time insights and alerts based on market movements. This level of integration empowers traders to act swiftly in response to market changes.

Future Trends and Possibilities

As the metal markets continue to evolve, the future holds exciting possibilities for traders. The ongoing development of APIs like Metals-API will likely lead to even more sophisticated trading tools and applications. By staying ahead of these trends, traders can position themselves to capitalize on emerging opportunities in the market.

API Description

The Metals-API is a powerful tool that provides developers with access to a wide range of metal price data. With its user-friendly interface and comprehensive documentation, the API enables users to retrieve real-time and historical data effortlessly. The API's capabilities empower developers to build next-generation applications that can analyze and visualize metal prices, enhancing trading strategies.

Key Features and Endpoints

The Metals-API offers several key features that cater to the needs of traders and developers alike:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay updated on market fluctuations.
• Historical Rates Endpoint: Historical rates are available for most currencies dating back to 2019. By appending a specific date to the API request, users can access past prices and conduct in-depth analyses.
• Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time Bid and Ask prices, providing insights into market depth and liquidity.
• Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert any amount from one currency to another, facilitating seamless trading across different markets.
• Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice, allowing for comprehensive trend analysis.
• Fluctuation Endpoint: This endpoint provides information about how currencies fluctuate on a day-to-day basis, helping traders understand market volatility.
• Carat Endpoint: Users can retrieve information about Gold rates by Carat, which is particularly useful for jewelers and investors in precious metals.
• Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest price for a specified date, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can obtain the open, high, low, and close prices for a specific date, which are critical for technical analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for extensive historical analysis.
• API Key: The API Key is a unique identifier that must be included in API requests to authenticate users and manage access.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API features a comprehensive list of endpoints, each designed to fulfill specific data retrieval needs.
• Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
• Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional traders.
• News Endpoint: The Metals-API includes a news endpoint that allows users to access the latest news articles related to various metals, keeping traders informed about market developments.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Below are examples of various endpoint responses, along with explanations of each field:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1748224889,
    "base": "USD",
    "date": "2025-05-26",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

In this response:

• success: Indicates whether the API request was successful.
• timestamp: The time at which the data was retrieved.
• base: The base currency for the exchange rates (USD in this case).
• date: The date for which the rates are applicable.
• rates: An object containing the exchange rates for various metals.
• unit: The unit of measurement for the rates (per troy ounce).

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1748138489,
    "base": "USD",
    "date": "2025-05-25",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides similar fields as the Latest Rates Endpoint, but focuses on historical data, allowing traders to analyze past market behavior.

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-19",
    "end_date": "2025-05-26",
    "base": "USD",
    "rates": {
        "2025-05-19": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-21": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-26": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response allows users to track changes in metal prices over a specified period, providing valuable insights for trend analysis.

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748224889,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint is particularly useful for traders who need to convert values between different metals and currencies, facilitating seamless transactions.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-19",
    "end_date": "2025-05-26",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

This response provides insights into how metal prices have changed over time, which is essential for traders looking to capitalize on price movements.

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1748224889,
    "base": "USD",
    "date": "2025-05-26",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

OHLC data is crucial for technical analysis, allowing traders to assess market trends and make informed decisions based on price movements.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1748224889,
    "base": "USD",
    "date": "2025-05-26",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides insights into market liquidity and pricing, which are essential for traders looking to execute orders effectively.

Conclusion

In conclusion, the LME Steel Scrap CFR Turkey (STEEL-SC) is a critical component of the metal trading landscape, and leveraging the Metals-API can significantly enhance your trading strategy. By utilizing the various endpoints offered by the API, traders can access real-time and historical data, analyze trends, and make informed decisions. The integration of technology and data analytics in the metal markets is transforming how traders operate, and staying ahead of these trends is essential for success.

For more information on how to implement these features, refer to the Metals-API Documentation and explore the comprehensive list of supported symbols at the Metals-API Supported Symbols. By harnessing the power of real-time metals data, you can position yourself to thrive in the dynamic world of metal trading.