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Get LME Steel Rebar FOB Turkey (STEEL-RE) Historical Prices using this API

Get LME Steel Rebar FOB Turkey (STEEL-RE) Historical Prices using this API

Get LME Steel Rebar FOB Turkey (STEEL-RE) Historical Prices using this API

Introduction

In the ever-evolving landscape of metal markets, the ability to access real-time and historical data is crucial for informed decision-making. One such vital resource is the LME Steel Rebar FOB Turkey (STEEL-RE), which serves as a benchmark for steel prices globally. With the help of the Metals-API, developers can seamlessly retrieve historical prices and other essential data related to this metal. This blog post will delve into the capabilities of the Metals-API, focusing on how to obtain historical prices for LME Steel Rebar and explore the broader implications of digital transformation in the metal markets.

About LME Steel Rebar FOB Turkey (STEEL-RE)

The LME Steel Rebar FOB Turkey is a critical indicator in the construction and manufacturing sectors. As the demand for steel continues to rise, understanding its price fluctuations becomes increasingly important. The digital transformation in metal markets has led to the integration of advanced technologies, enabling stakeholders to access real-time data and analytics. This shift not only enhances transparency but also empowers businesses to make data-driven decisions.

Technological Innovation and Advancement

Technological advancements have revolutionized how metal prices are tracked and analyzed. The Metals-API exemplifies this innovation by providing developers with a robust platform to access a wealth of data. By leveraging APIs, businesses can integrate real-time pricing into their applications, allowing for more agile responses to market changes. This capability is particularly beneficial for traders and manufacturers who rely on accurate pricing to optimize their operations.

Data Analytics and Insights

Data analytics plays a pivotal role in understanding market trends and price movements. With the Metals-API, users can access historical data dating back to 2008 for various metals, including LME Steel Rebar. This historical perspective allows businesses to analyze trends, forecast future prices, and make informed purchasing decisions. The ability to query historical rates by appending a specific date enhances the analytical capabilities of users, providing them with a comprehensive view of market dynamics.

Smart Technology Integration

Integrating smart technologies into metal trading platforms can significantly enhance operational efficiency. The Metals-API supports various endpoints that allow for real-time data retrieval, including the latest rates, historical rates, and time-series data. This integration enables developers to build applications that can automatically adjust pricing strategies based on real-time market conditions, thereby optimizing profitability.

Future Trends and Possibilities

As the metal markets continue to evolve, the future holds exciting possibilities for API-driven applications. The Metals-API is at the forefront of this transformation, offering features that can adapt to changing market conditions. For instance, the fluctuation endpoint allows users to track daily changes in metal prices, providing insights into volatility and helping businesses manage risk effectively.

API Description

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical metal pricing data. With its user-friendly interface and comprehensive documentation, the API empowers users to build next-generation applications that leverage real-time metals data. The API provides various endpoints, each with unique functionalities, allowing developers to tailor their applications to specific needs.

Key Features and Endpoints

The Metals-API offers a range of endpoints that cater to different data retrieval needs:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on the user's subscription plan. Users can access the latest rates every 60 minutes, every 10 minutes, or even more frequently, depending on their needs.
  • Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve historical pricing data, which is essential for trend analysis.
  • Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for various metals. Understanding these prices is crucial for traders looking to make informed buying or selling decisions.
  • 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 functionality is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates. This feature is invaluable for analyzing price trends over time.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and helping businesses manage risk.
  • Carat Endpoint: This endpoint provides information about gold rates by carat, allowing users to access detailed pricing information based on purity.
  • Lowest/Highest Price Endpoint: Users can query the API to retrieve the lowest and highest prices for a specified date, which is essential for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, offering a comprehensive view of daily price movements.
  • Historical LME Endpoint: This endpoint allows users to access historical rates for LME symbols dating back to 2008, providing a long-term perspective on price trends.
  • API Key: Each user is assigned a unique API key, which must be included in API requests to authenticate and authorize access.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The Metals-API offers a variety of endpoints, each designed to provide specific functionalities tailored to user needs.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, catering to regional market needs.
  • News Endpoint: The Metals-API provides access to the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

Latest Rates Endpoint

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

{
    "success": true,
    "timestamp": 1746846035,
    "base": "USD",
    "date": "2025-05-10",
    "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 success field indicates whether the request was successful. The timestamp provides the time of the response, while base indicates the base currency (USD in this case). The rates object contains the exchange rates for various metals, with each metal symbol as a key.

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": 1746759635,
    "base": "USD",
    "date": "2025-05-09",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical rates for the specified date. The date field indicates the date for which the rates are provided, and the rates object contains the exchange rates for each metal.

Time-Series Endpoint

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

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-03",
    "end_date": "2025-05-10",
    "base": "USD",
    "rates": {
        "2025-05-03": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-05": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-10": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of exchange rates between the specified start and end dates. Each date is a key in the rates object, with the corresponding exchange rates for each metal.

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": 1746846035,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the result of converting 1000 USD to gold (XAU). The result field indicates the converted amount, while the rate field shows the conversion rate at the time of the request.

Fluctuation Endpoint

The Fluctuation Endpoint allows users to track rate fluctuations between two dates. Here is an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-03",
    "end_date": "2025-05-10",
    "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 details on how the rates for each metal fluctuated between the specified dates. The change field indicates the absolute change in price, while change_pct shows the percentage change.

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

The OHLC Price Endpoint provides open, high, low, and close prices for a specific time period. Here is an example response:

{
    "success": true,
    "timestamp": 1746846035,
    "base": "USD",
    "date": "2025-05-10",
    "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 the price movements for each metal on the specified date, allowing users to analyze market behavior effectively.

Bid/Ask Endpoint

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

{
    "success": true,
    "timestamp": 1746846035,
    "base": "USD",
    "date": "2025-05-10",
    "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 the current bid and ask prices for each metal, along with the spread, which is essential for traders looking to execute transactions.

Conclusion

In conclusion, the Metals-API offers a comprehensive suite of tools for developers looking to access real-time and historical pricing data for metals, including LME Steel Rebar FOB Turkey (STEEL-RE). By leveraging the various endpoints available, businesses can gain valuable insights into market trends, optimize their operations, and make informed decisions. The API's capabilities, such as the latest rates, historical rates, and fluctuation tracking, empower users to build innovative applications that can adapt to the dynamic nature of the metal markets. For more information, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Embracing these technological advancements will undoubtedly pave the way for a more efficient and transparent future in the metal industry.

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