Access Iron Ore (IRON) prices using this API for market research purposes

Access Iron Ore (IRON) Prices Using This API for Market Research Purposes

In the rapidly evolving landscape of metal markets, the ability to access real-time data is crucial for developers and analysts alike. Iron Ore (IRON) prices are a significant indicator of market trends and economic health. With the advent of advanced technologies and data analytics, accessing and utilizing this information has never been easier. The Metals-API provides a robust solution for retrieving Iron Ore prices and other metal data, enabling developers to create innovative applications for market research and analysis.

About Iron Ore (IRON)

Iron Ore is a critical raw material in the production of steel, which is fundamental to various industries, including construction, automotive, and manufacturing. The digital transformation in metal markets has led to a surge in technological innovations that facilitate better data analytics and insights. By integrating smart technology, stakeholders can leverage real-time data to make informed decisions.

As the demand for Iron Ore fluctuates due to global economic conditions, understanding its price dynamics becomes essential. The Metals-API offers a comprehensive suite of tools that empower developers to access and analyze Iron Ore prices effectively. This API not only provides current pricing but also historical data, allowing for extensive market research and trend analysis.

API Description

The Metals-API is designed to provide developers with real-time and historical data on various metals, including Iron Ore. This API stands out due to its innovative capabilities, enabling users to build next-generation applications that can analyze market trends, forecast prices, and integrate seamlessly with other data sources.

With the Metals-API, developers can access a variety of endpoints that cater to different data needs. For instance, the Latest Rates Endpoint allows users to retrieve real-time exchange rate data for Iron Ore and other metals. Depending on the subscription plan, this data can be updated every 60 minutes or even more frequently, ensuring that users have access to the most current information.

Moreover, the Historical Rates Endpoint provides access to historical pricing data dating back to 2019. This feature is invaluable for conducting in-depth market analysis and understanding price trends over time. By appending a specific date to the API request, developers can easily retrieve historical rates for Iron Ore.

Key Features and Endpoints

The Metals-API offers a wide range of features that cater to various market research needs. Here are some of the key endpoints and their functionalities:

Latest Rates Endpoint

The Latest Rates Endpoint is a powerful tool for accessing real-time exchange rates for Iron Ore and other metals. The response includes the latest prices, timestamp, and base currency. For example:

{
    "success": true,
    "timestamp": 1752274816,
    "base": "USD",
    "date": "2025-07-11",
    "rates": {
        "IRON": 0.000482
    },
    "unit": "per metric ton"
}

Historical Rates Endpoint

To analyze past market trends, the Historical Rates Endpoint allows users to access historical pricing data for Iron Ore. By specifying a date, developers can retrieve data that reflects the market conditions of that time. For instance:

{
    "success": true,
    "timestamp": 1752188416,
    "base": "USD",
    "date": "2025-07-10",
    "rates": {
        "IRON": 0.000485
    },
    "unit": "per metric ton"
}

Bid And Ask Endpoint

The Bid And Ask Endpoint provides real-time bid and ask prices for Iron Ore, which is essential for traders looking to make informed decisions. The response includes the current bid and ask prices along with the spread. For example:

{
    "success": true,
    "timestamp": 1752274816,
    "base": "USD",
    "date": "2025-07-11",
    "rates": {
        "IRON": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per metric ton"
}

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 analysts who need to compare prices across different metals. For instance:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "IRON",
        "amount": 1000
    },
    "info": {
        "timestamp": 1752274816,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "metric tons"
}

Time-Series Endpoint

The Time-Series Endpoint enables users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for understanding price movements over specific periods. For example:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-07-04",
    "end_date": "2025-07-11",
    "base": "USD",
    "rates": {
        "2025-07-04": {
            "IRON": 0.000485
        },
        "2025-07-11": {
            "IRON": 0.000482
        }
    },
    "unit": "per metric ton"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how Iron Ore prices fluctuate on a day-to-day basis. This information is crucial for traders and analysts looking to understand market volatility. For example:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-07-04",
    "end_date": "2025-07-11",
    "base": "USD",
    "rates": {
        "IRON": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per metric ton"
}

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

The OHLC Price Endpoint allows users to retrieve open, high, low, and close prices for Iron Ore over a specified time period. This data is essential for technical analysis and understanding market trends. For example:

{
    "success": true,
    "timestamp": 1752274816,
    "base": "USD",
    "date": "2025-07-11",
    "rates": {
        "IRON": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per metric ton"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols, dating back to 2008. This endpoint is particularly useful for users interested in long-term trends and historical analysis.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including Iron Ore. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

Conclusion

The Metals-API is a powerful tool for developers and analysts looking to access Iron Ore prices and other metal data for market research purposes. With its extensive range of endpoints, including real-time rates, historical data, and conversion capabilities, the API empowers users to make informed decisions based on accurate and timely information.

As the metal markets continue to evolve, leveraging advanced technologies and data analytics will be crucial for staying ahead of the competition. By utilizing the Metals-API, developers can create innovative applications that not only analyze current market conditions but also predict future trends.

For more information on how to implement the Metals-API in your projects, visit the Metals-API Documentation. Embrace the future of metal market analysis with the power of real-time data at your fingertips.