LME Steel Scrap API: STEEL-SC Price as JSON

Introduction

In the rapidly evolving landscape of the metals market, the ability to access real-time data is crucial for developers and businesses alike. One of the most significant symbols in this market is the LME Steel Scrap CFR Turkey (STEEL-SC). This symbol represents a vital component of the steel industry, reflecting the prices of scrap steel imported into Turkey. With the advent of innovative technologies and data analytics, accessing this information has never been easier, thanks to the Metals-API. This blog post will delve into the intricacies of the STEEL-SC symbol, explore the transformative capabilities of the Metals-API, and provide a comprehensive overview of its features and endpoints.

Metals-API Information

About LME Steel Scrap CFR Turkey (STEEL-SC)

The LME Steel Scrap CFR Turkey (STEEL-SC) symbol is a critical indicator in the global steel market, particularly for those involved in the import and export of scrap metal. As the demand for steel continues to rise, understanding the pricing dynamics of scrap steel becomes essential for manufacturers, traders, and investors. The digital transformation in metal markets has paved the way for technological innovations that allow for real-time data access, enabling stakeholders to make informed decisions.

Technological advancements in data analytics and smart technology integration have revolutionized how market participants interact with pricing data. The Metals-API provides a robust platform that empowers developers to build applications that leverage real-time metals data, offering insights that were previously difficult to obtain. By utilizing this API, users can gain a competitive edge in the market, as they can track price fluctuations, analyze historical trends, and make data-driven decisions.

API Description

The Metals-API is a powerful tool designed for developers looking to integrate real-time metals pricing data into their applications. This API offers a wide range of functionalities, allowing users to access current and historical prices, perform currency conversions, and analyze market trends. The transformative potential of real-time metals data cannot be overstated, as it enables businesses to respond swiftly to market changes and optimize their operations.

For those interested in exploring the capabilities of the Metals-API, the Metals-API Documentation provides comprehensive guidance on how to implement and utilize the various endpoints effectively. Additionally, the Metals-API Supported Symbols page offers a complete list of available metal symbols, ensuring that developers can access the data they need.

Key Features and Endpoints

The Metals-API boasts several key features that enhance its usability and functionality. Below are some of the most notable endpoints and their applications:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Users can access the latest rates every 60 minutes, 10 minutes, or even more frequently, depending on their needs.
• Historical Rates Endpoint: Users can query historical rates dating back to 2019 by appending a specific date to the API request. This feature is invaluable for analyzing market trends and making informed decisions based on past performance.
• Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for various metals, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This feature is particularly useful for traders operating in multiple currencies.
• Time-Series Endpoint: Users can query the API for daily historical rates between two chosen dates, allowing for in-depth analysis of price movements over time.
• Fluctuation Endpoint: This endpoint provides information about how metal prices fluctuate on a day-to-day basis, helping users understand market volatility.
• Carat Endpoint: Users can retrieve information about gold rates by carat, which is essential for jewelers and gold traders.
• Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of metals over a specified period, providing insights into market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for a specific time period, which is crucial for technical analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for extensive market analysis.
• API Key: Each user is assigned a unique API key that must be included in the API requests to authenticate and authorize access.
• 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 offers a variety of endpoints, each designed to provide specific functionalities, ensuring that users have access to the data they require.
• Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, catering to a specific market segment.
• News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for effective integration. Below are examples of various endpoint responses, showcasing the data format and key fields.

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
"success": true,
"timestamp": 1743466072,
"base": "USD",
"date": "2025-04-01",
"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, the key fields include:

• 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.
• 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.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
"success": true,
"timestamp": 1743379672,
"base": "USD",
"date": "2025-03-31",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This response includes similar fields as the latest rates, with the addition of historical data for the specified date.

Time-series Endpoint

Get exchange rates for a specific time period.

{
"success": true,
"timeseries": true,
"start_date": "2025-03-25",
"end_date": "2025-04-01",
"base": "USD",
"rates": {
"2025-03-25": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-03-27": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-04-01": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

This response provides a time series of rates, allowing users to analyze trends over the specified period.

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": 1743466072,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This response illustrates how to convert a specified amount from one currency to another, providing the conversion rate and the result.

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
"success": true,
"fluctuation": true,
"start_date": "2025-03-25",
"end_date": "2025-04-01",
"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 prices have changed over a specified period, highlighting both absolute and percentage changes.

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

Get OHLC data for a specific time period.

{
"success": true,
"timestamp": 1743466072,
"base": "USD",
"date": "2025-04-01",
"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"
}

This endpoint provides critical data for traders and analysts looking to perform technical analysis on metal prices.

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
"success": true,
"timestamp": 1743466072,
"base": "USD",
"date": "2025-04-01",
"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 response provides insights into the current market conditions, allowing traders to make informed decisions based on bid and ask prices.

Conclusion

The LME Steel Scrap CFR Turkey (STEEL-SC) symbol is a vital component of the metals market, and understanding its dynamics is essential for stakeholders in the industry. The Metals-API offers a comprehensive suite of features that empower developers to access real-time and historical data, perform currency conversions, and analyze market trends. By leveraging the capabilities of the Metals-API, businesses can enhance their decision-making processes and gain a competitive edge in the market.

For more information on how to implement the Metals-API in your applications, refer to the Metals-API Documentation. To explore the full range of available symbols, visit the Metals-API Supported Symbols page. The Metals-API Website is also a valuable resource for staying updated on the latest developments in metals pricing and data analytics.