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Get LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices with Metals-API

Get LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices with Metals-API

Get LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices with Metals-API

Introduction

In the rapidly evolving landscape of the metals market, staying informed about price fluctuations is crucial for businesses and investors alike. One of the key players in this field is the LME Steel Scrap CFR Turkey (STEEL-SC), which serves as a benchmark for steel scrap pricing in Turkey. To access historical prices and real-time data for STEEL-SC, developers can leverage the innovative capabilities of the Metals-API. This blog post will delve into how to obtain historical prices using Metals-API, exploring its features, endpoints, and the transformative potential of real-time metals data.

Metals-API Information

About LME Steel Scrap CFR Turkey (STEEL-SC)

The LME Steel Scrap CFR Turkey (STEEL-SC) is a vital indicator in the global steel market, reflecting the cost of scrap steel delivered to Turkey. As digital transformation continues to reshape the metal markets, the integration of technological innovations and advancements in data analytics is crucial. The Metals-API provides developers with the tools necessary to harness these changes, enabling them to create applications that can analyze market trends, forecast prices, and make informed decisions based on real-time data.

With the rise of smart technology integration, the ability to access and analyze historical price data has never been more critical. The Metals-API empowers developers to build next-generation applications that can utilize data analytics and insights to predict future trends and possibilities in the steel scrap market. By leveraging the API, developers can access a wealth of information that can enhance their understanding of market dynamics and improve their decision-making processes.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including LME Steel Scrap CFR Turkey. Its capabilities are designed to support developers in creating applications that require accurate and timely metals data. The API offers a range of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data dating back to 2008.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated at intervals depending on the subscription plan. This ensures that developers have access to the most current information, enabling them to make informed decisions based on the latest market conditions. Additionally, the API supports a variety of endpoints that allow users to query historical rates, track fluctuations, and convert between different metals and currencies.

Key Features and Endpoints

The Metals-API offers a comprehensive suite of endpoints that provide developers with the flexibility to access the data they need. Here are some of the key features:

  • 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 allows developers to access the most current pricing information for metals, including STEEL-SC.
  • Historical Rates Endpoint: Historical rates are available for most currencies dating back to 2019. Developers can query the Metals-API for historical rates by appending a specific date to the endpoint, allowing for in-depth analysis of price trends over time.
  • Bid And Ask Endpoint: This powerful feature enables developers to retrieve real-time Bid and Ask prices for metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: This endpoint allows developers to query the API for daily historical rates between two dates of their choice, facilitating comprehensive analysis of price movements over specific periods.
  • Fluctuation Endpoint: Using this endpoint, developers can retrieve information about how metals fluctuate on a day-to-day basis, providing valuable insights into market volatility.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is essential for businesses dealing in precious metals.
  • Lowest/Highest Price Endpoint: Developers can query the API to get the lowest and highest price for a specific date, which is crucial for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, enabling detailed analysis of market performance.
  • Historical LME Endpoint: This endpoint allows access to historical rates for LME symbols dating back to 2008, providing a rich dataset for analysis.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The API comes with a variety of endpoints, each providing different functionalities tailored to meet diverse user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metals, ensuring developers have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is essential for businesses operating in the Indian market.
  • News Endpoint: The Metals-API provides access to the latest news articles related to various metals, keeping users informed about market developments.

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. This resource is invaluable for developers looking to integrate specific metals into their applications.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for developers. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1744009216,
    "base": "USD",
    "date": "2025-04-07",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1743922816,
    "base": "USD",
    "date": "2025-04-06",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-31",
    "end_date": "2025-04-07",
    "base": "USD",
    "rates": {
        "2025-03-31": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-07": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

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": 1744009216,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-31",
    "end_date": "2025-04-07",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1744009216,
    "base": "USD",
    "date": "2025-04-07",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1744009216,
    "base": "USD",
    "date": "2025-04-07",
    "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"
}

Conclusion

In conclusion, the Metals-API provides a robust and flexible solution for developers seeking to access historical prices and real-time data for LME Steel Scrap CFR Turkey (STEEL-SC). By leveraging the various endpoints available, developers can create applications that not only track current market conditions but also analyze historical trends to make informed decisions. The integration of advanced data analytics and smart technology into the metals market is paving the way for innovative applications that can transform how businesses operate.

For more information on how to implement these features and access the full capabilities of the Metals-API, refer to the Metals-API Documentation. Additionally, explore the Metals-API Supported Symbols page for a comprehensive list of available metals and currencies. By utilizing the Metals-API, developers can stay ahead of the curve in the ever-changing metals market.

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