How to Get Real-Time LME Steel Scrap CFR Turkey (STEEL-SC) Prices for Market Analysis with Metals-API

In today's fast-paced financial landscape, having access to real-time market data is crucial for making informed decisions. For those involved in the metals market, understanding the current prices of LME Steel Scrap CFR Turkey (STEEL-SC) is essential for effective market analysis. This blog post will guide you through accessing real-time market prices using the Metals-API, providing step-by-step instructions and example API calls to help you leverage this powerful tool.

About LME Steel Scrap CFR Turkey (STEEL-SC)

The London Metal Exchange (LME) plays a pivotal role in the global metals market, providing a platform for trading various metals, including steel scrap. The LME Steel Scrap CFR Turkey price is particularly significant for traders and analysts focusing on the Turkish market. As digital transformation continues to reshape the financial landscape, the integration of technological innovations and data analytics is becoming increasingly vital. By utilizing real-time data from the Metals-API, developers can build next-generation applications that provide insights into market trends and fluctuations.

Technological advancements in data analytics allow for smarter decision-making processes, enabling stakeholders to react swiftly to market changes. The Metals-API empowers developers to access a wealth of information, including real-time prices, historical data, and analytical insights, all of which are crucial for understanding market dynamics.

API Description

The Metals-API is a comprehensive JSON API that provides real-time and historical metal prices, including LME Steel Scrap CFR Turkey. This API is designed to facilitate seamless integration into applications, enabling developers to access critical market data effortlessly. The API supports a variety of endpoints, each offering unique functionalities that cater to different analytical needs.

With the Metals-API, you can access:

Latest Rates Endpoint: Retrieve real-time exchange rate data updated based on your subscription plan.
Historical Rates Endpoint: Access historical rates dating back to 2019, allowing for in-depth market analysis.
Bid and Ask Endpoint: Get real-time bid and ask prices for metals, essential for trading strategies.
Convert Endpoint: Easily convert amounts between different metals or currencies.
Time-Series Endpoint: Query daily historical rates between two dates for trend analysis.
Fluctuation Endpoint: Track how prices fluctuate over time, providing insights into market volatility.
Lowest/Highest Price Endpoint: Identify the lowest and highest prices for specific dates.
Open/High/Low/Close (OHLC) Price Endpoint: Access detailed price data for specific time periods.
Historical LME Endpoint: Retrieve historical rates for LME symbols dating back to 2008.
News Endpoint: Stay updated with the latest news articles related to various metals.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different analytical needs. Below, we will explore some of the key features and their applications in detail.

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even more frequently. For example, a typical response might look like this:

{
"success": true,
"timestamp": 1765584431,
"base": "USD",
"date": "2025-12-13",
"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"
}

This response provides the current rates for various metals, allowing traders to make informed decisions based on the latest market data.

Historical Rates Endpoint

Accessing historical rates is crucial for understanding market trends over time. The Historical Rates Endpoint allows users to query rates for any date since 1999. An example response might look like this:

{
"success": true,
"timestamp": 1765498031,
"base": "USD",
"date": "2025-12-12",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This data is invaluable for analysts looking to identify historical price trends and make predictions about future movements.

Bid and Ask Endpoint

The Bid and Ask Endpoint provides real-time bid and ask prices for metals, which are essential for traders looking to execute buy and sell orders effectively. A sample response might look like this:

{
"success": true,
"timestamp": 1765584431,
"base": "USD",
"date": "2025-12-13",
"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"
}

Understanding the bid-ask spread is crucial for traders, as it indicates the liquidity of the market and potential transaction costs.

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who need to quickly assess the value of their holdings in different currencies. An example response might look like this:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1765584431,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This endpoint simplifies the process of currency conversion, enabling traders to make quick calculations based on current rates.

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This is particularly useful for trend analysis and understanding price movements over time. A sample response might look like this:

{
"success": true,
"timeseries": true,
"start_date": "2025-12-06",
"end_date": "2025-12-13",
"base": "USD",
"rates": {
"2025-12-06": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-12-08": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-13": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

This endpoint provides a comprehensive view of price changes over a specified period, allowing for in-depth analysis.

Fluctuation Endpoint

The Fluctuation Endpoint enables users to track rate fluctuations between two dates. This is particularly useful for understanding market volatility and making informed trading decisions. An example response might look like this:

{
"success": true,
"fluctuation": true,
"start_date": "2025-12-06",
"end_date": "2025-12-13",
"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 data is essential for traders looking to understand how prices are changing over time and to identify potential trading opportunities.

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

The OHLC Price Endpoint provides detailed price data for a specific time period, including the opening, high, low, and closing prices. This information is crucial for technical analysis and understanding market trends. A sample response might look like this:

{
"success": true,
"timestamp": 1765584431,
"base": "USD",
"date": "2025-12-13",
"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 is invaluable for traders looking to perform technical analysis and make predictions based on historical price movements.

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This is particularly useful for analysts looking to conduct long-term market studies. An example response might look like this:

{
"success": true,
"timestamp": 1765498031,
"base": "USD",
"date": "2025-12-12",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This endpoint allows for comprehensive analysis of historical trends, enabling traders to make data-driven decisions.

Authentication and API Key

To access the Metals-API, you will need an API key, which is a unique identifier that is passed into the API base URL's access_key parameter. This key is essential for authenticating your requests and ensuring secure access to the API's features. Make sure to keep your API key confidential to prevent unauthorized access.

Common Pitfalls and Troubleshooting

When working with APIs, developers may encounter common pitfalls that can hinder their ability to retrieve data effectively. Here are some troubleshooting tips:

Invalid API Key: Ensure that your API key is correctly entered and has not expired.
Rate Limiting: Be aware of the API's rate limits based on your subscription plan. Exceeding these limits may result in temporary access restrictions.
Incorrect Endpoint Usage: Double-check that you are using the correct endpoint for your desired data. Refer to the Metals-API Documentation for guidance.

Conclusion

Accessing real-time LME Steel Scrap CFR Turkey (STEEL-SC) prices is crucial for market analysis and informed decision-making in the metals industry. The Metals-API provides a robust and versatile solution for developers looking to integrate real-time and historical metal prices into their applications. By leveraging the various endpoints, including the Latest Rates, Historical Rates, and Bid and Ask endpoints, users can gain valuable insights into market trends and fluctuations.

As the digital transformation of the metals market continues, the importance of data analytics and smart technology integration cannot be overstated. The Metals-API empowers developers to build innovative applications that harness the power of real-time data, enabling them to stay ahead in a competitive landscape.

For more information and to explore the full range of features, visit the Metals-API Website and check out the Metals-API Supported Symbols for a comprehensive list of available metals. By utilizing these resources, you can unlock the full potential of the Metals-API and enhance your market analysis capabilities.

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How to Get Real-Time LME Steel Scrap CFR Turkey (STEEL-SC) Prices for Market Analysis with Metals-API