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How to Retrieve LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices using this API

How to Retrieve LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices using this API

How to Retrieve LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices using this API

How to Retrieve LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices using this API

In the rapidly evolving landscape of metal markets, the ability to access real-time and historical pricing data is crucial for developers and businesses alike. One of the most significant symbols in this domain is LME Steel Scrap CFR Turkey (STEEL-SC). This blog post will delve into how to retrieve historical prices for STEEL-SC using the Metals-API. We will explore the transformative potential of this API, its innovative features, and how it empowers developers to create next-generation applications that leverage real-time metals data.

Metals-API Information

About LME Steel Scrap CFR Turkey (STEEL-SC)

The LME Steel Scrap CFR Turkey symbol represents a critical component in the global steel market. As industries increasingly embrace digital transformation, the demand for accurate and timely data has surged. The integration of technological innovations and advancements in data analytics has enabled businesses to make informed decisions based on real-time insights. The Metals-API serves as a bridge to this wealth of information, allowing developers to harness the power of data analytics and smart technology integration.

With the Metals-API, users can access historical prices, track fluctuations, and analyze trends in the steel market. This capability is essential for businesses looking to optimize their operations, manage risks, and forecast future pricing trends. As we explore the various features of the Metals-API, we will see how it can be utilized to retrieve historical prices for STEEL-SC effectively.

API Description

The Metals-API is a robust platform that provides real-time and historical pricing data for various metals, including LME Steel Scrap CFR Turkey. It is designed with developers in mind, offering a range of endpoints that facilitate easy access to vital data. The API's capabilities extend beyond mere data retrieval; it empowers developers to build applications that can analyze trends, forecast prices, and provide insights into the metal markets.

For detailed information on how to use the API, developers can refer to the Metals-API Documentation. This resource provides comprehensive guidance on the various endpoints, their functionalities, and how to implement them effectively.

Key Features and Endpoints

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

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes, every 10 minutes, or even more frequently.
  • Historical Rates Endpoint: Users can access historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve historical pricing data for STEEL-SC.
  • Bid and Ask Endpoint: This feature allows users to obtain real-time bid and ask prices for metals, providing insights into market dynamics.
  • Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts between different metals or to/from USD.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, making it easier to analyze trends over time.
  • Fluctuation Endpoint: Users can track how prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
  • Lowest/Highest Price Endpoint: This feature enables users to query the API for the lowest and highest prices within a specified timeframe.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can retrieve OHLC data for a specific time period, which is essential for technical analysis.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008, allowing for extensive analysis of price trends.
  • API Key: Each user is assigned a unique API key, which must be included in the API requests to authenticate access.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them 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 understand the various metals available for querying.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective data retrieval. Below are examples of various API endpoints, including their expected JSON responses.

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals. Here is an example response:

{
    "success": true,
    "timestamp": 1745716094,
    "base": "USD",
    "date": "2025-04-27",
    "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 "rates" object contains the current exchange rates for various metals, with the base currency being USD.

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. Here is an example response:

{
    "success": true,
    "timestamp": 1745629694,
    "base": "USD",
    "date": "2025-04-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical rates for the specified date, allowing users to analyze past pricing trends.

Time-Series Endpoint

The Time-Series Endpoint enables users to retrieve exchange rates for a specific time period. Here is an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "base": "USD",
    "rates": {
        "2025-04-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily rates for the specified date range, allowing for trend analysis over time.

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. Here is an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745716094,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates the conversion result, showing how much of the target metal can be obtained for a specified amount of the base currency.

Fluctuation Endpoint

The Fluctuation Endpoint tracks rate fluctuations between two dates. Here is an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "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 the specified period, which is crucial for market analysis.

OHLC (Open/High/Low/Close) Endpoint

The OHLC Endpoint allows users to retrieve open, high, low, and close prices for a specific time period. Here is an example response:

{
    "success": true,
    "timestamp": 1745716094,
    "base": "USD",
    "date": "2025-04-27",
    "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 response provides a comprehensive view of price movements within the specified timeframe, which is essential for traders and analysts.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals. Here is an example response:

{
    "success": true,
    "timestamp": 1745716094,
    "base": "USD",
    "date": "2025-04-27",
    "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

In conclusion, the Metals-API offers a powerful suite of tools for developers looking to access real-time and historical pricing data for metals, including LME Steel Scrap CFR Turkey (STEEL-SC). By leveraging the various endpoints available, developers can create applications that provide valuable insights into market trends, fluctuations, and pricing strategies.

As the metal markets continue to evolve, the importance of accurate data and analytics cannot be overstated. The Metals-API stands at the forefront of this transformation, enabling businesses to harness the power of data to drive decision-making and optimize operations. For more information on how to get started, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation.

By understanding the capabilities of the Metals-API and how to effectively utilize its features, developers can unlock new possibilities in the metal markets and stay ahead in this competitive landscape.

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