Obtain LME Steel Scrap CFR Turkey (STEEL-SC) Historical Prices from this API

Introduction

In the ever-evolving landscape of metal markets, the ability to access real-time and historical pricing data is crucial for developers and businesses alike. One such valuable resource is the LME Steel Scrap CFR Turkey (STEEL-SC) pricing data, which can be obtained through the Metals-API. This API not only provides historical prices but also empowers developers to create innovative applications that leverage real-time data analytics and insights. In this blog post, we will explore how to obtain historical prices for LME Steel Scrap CFR Turkey using the Metals-API, while also delving into the broader implications of digital transformation in the metal markets.

About LME Steel Scrap CFR Turkey (STEEL-SC)

The LME Steel Scrap CFR Turkey pricing is a vital indicator in the global metal market, reflecting the cost of steel scrap delivered to Turkey. As industries increasingly rely on data-driven decision-making, understanding the historical trends of this pricing can provide insights into market dynamics, supply chain management, and investment strategies. The integration of smart technology and data analytics into metal trading is revolutionizing how businesses operate, allowing for more informed decisions based on real-time data.

Digital Transformation in Metal Markets

The metal markets are undergoing a significant digital transformation, driven by advancements in technology and data analytics. The Metals-API serves as a bridge between raw data and actionable insights, enabling developers to harness the power of real-time information. By utilizing the API, businesses can track price fluctuations, analyze historical trends, and make predictions about future market movements. This transformation is not just about efficiency; it's about creating a more transparent and responsive market environment.

Technological Innovation and Advancement

Technological advancements have paved the way for innovative solutions in the metal industry. The Metals-API exemplifies this by offering a suite of endpoints that cater to various needs, from obtaining the latest rates to accessing historical data. Each endpoint is designed with the developer in mind, providing clear and concise data that can be easily integrated into applications. This level of accessibility allows for the development of sophisticated tools that can analyze market trends and provide insights that were previously difficult to obtain.

Data Analytics and Insights

Data analytics plays a crucial role in understanding market trends and making informed decisions. With the Metals-API, developers can access a wealth of historical data, enabling them to perform in-depth analyses. For instance, the Historical Rates Endpoint allows users to query historical prices dating back to 2019, providing a comprehensive view of market trends over time. This data can be invaluable for businesses looking to optimize their operations and make strategic decisions based on historical performance.

Smart Technology Integration

The integration of smart technology into the metal markets is enhancing the way businesses operate. By leveraging APIs like Metals-API, developers can create applications that provide real-time insights and automate processes. For example, the Convert Endpoint allows users to convert amounts from one metal to another, streamlining transactions and improving efficiency. This level of integration not only saves time but also reduces the potential for errors in financial calculations.

Future Trends and Possibilities

As the metal markets continue to evolve, the potential for innovation is vast. The Metals-API is at the forefront of this evolution, providing developers with the tools they need to create next-generation applications. Future trends may include enhanced predictive analytics, machine learning algorithms for price forecasting, and more sophisticated data visualization tools. By staying ahead of these trends, businesses can position themselves for success in an increasingly competitive market.

API Description

The Metals-API is a powerful tool that provides access to real-time and historical metals data. With a focus on innovation and technological advancement, this API empowers developers to build applications that can analyze and interpret market data effectively. The API offers a variety of endpoints, each designed to fulfill specific needs, from retrieving the latest rates to accessing historical data and performing currency conversions.

Key Features and Endpoints

The Metals-API boasts a range of features that cater to the diverse needs of developers:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes or 10 minutes. This feature is essential for applications that require up-to-the-minute pricing information.
• Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is crucial for trend analysis.
• Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices, allowing for more informed trading decisions.
• Convert Endpoint: Easily convert any amount from one currency to another, streamlining financial transactions and calculations.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, providing a comprehensive view of price movements over time.
• Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis, which can aid in understanding market volatility.
• Carat Endpoint: Access information about gold rates by carat, allowing for precise calculations in jewelry and investment sectors.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date range, which can be useful for identifying market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for a specific time period, which is essential for technical analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term perspective on market trends.
• API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
• API Response: Exchange rates are delivered relative to USD by default, with all data returned in a structured JSON format.
• Available Endpoints: The API includes 14 endpoints, each providing different functionalities to meet various developer needs.
• Supported Symbols Endpoint: Access a constantly updated list of all available currencies and their specifications.
• News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective integration. 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": 1761116442,
    "base": "USD",
    "date": "2025-10-22",
    "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": 1761030042,
    "base": "USD",
    "date": "2025-10-21",
    "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": "2025-10-15",
    "end_date": "2025-10-22",
    "base": "USD",
    "rates": {
        "2025-10-15": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-10-17": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-10-22": {
            "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": 1761116442,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-10-15",
    "end_date": "2025-10-22",
    "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": 1761116442,
    "base": "USD",
    "date": "2025-10-22",
    "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": 1761116442,
    "base": "USD",
    "date": "2025-10-22",
    "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, obtaining historical prices for LME Steel Scrap CFR Turkey through the Metals-API opens up a world of possibilities for developers and businesses in the metal markets. The API's robust features, including real-time data access, historical rates, and advanced analytics capabilities, empower users to make informed decisions based on comprehensive market insights. As the industry continues to embrace digital transformation, leveraging tools like the Metals-API will be essential for staying competitive and responsive to market changes.

For more information on how to utilize the Metals-API effectively, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metal symbols. By integrating these resources into your applications, you can unlock the full potential of real-time metals data and drive innovation in your business.