How to retrieve LME Steel Rebar FOB Turkey (STEEL-RE) prices using this API

Introduction

In the rapidly evolving landscape of metal markets, the ability to access real-time data is crucial for developers and businesses alike. One such essential data point is the LME Steel Rebar FOB Turkey (STEEL-RE) prices. This blog post will explore how to retrieve these prices using the Metals-API, a powerful tool that provides comprehensive access to metal pricing data. We will delve into the significance of this API, its features, and how it can transform the way developers interact with metal market data.

Metals-API Information

About LME Steel Rebar FOB Turkey (STEEL-RE)

The LME Steel Rebar FOB Turkey is a critical benchmark in the global steel market, reflecting the price of steel rebar delivered free on board from Turkey. As digital transformation continues to reshape the metal markets, the integration of technological innovations and data analytics is becoming increasingly vital. The Metals-API offers developers the tools to harness this data effectively, enabling them to create applications that provide insights into market trends and pricing fluctuations.

Technological advancements in data analytics allow for smarter decision-making processes. By leveraging real-time data from the Metals-API, developers can build applications that not only track current prices but also analyze historical trends, providing users with a comprehensive understanding of market dynamics. The future of metal trading lies in the integration of smart technologies that can predict price movements and optimize trading strategies.

API Description

The Metals-API is designed to empower developers with real-time access to metal pricing data, including LME Steel Rebar FOB Turkey prices. This API is a game-changer for those looking to build next-generation applications that require accurate and timely data. With its user-friendly interface and extensive documentation, developers can easily integrate the API into their systems.

One of the standout features of the Metals-API is its ability to provide real-time exchange rate data updated at varying intervals, depending on the subscription plan. This flexibility allows developers to tailor their applications to meet specific needs, whether they require minute-by-minute updates or daily summaries.

For more detailed information, developers can refer to the Metals-API Documentation, which outlines all available endpoints and their functionalities.

Key Features and Endpoints

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

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, including LME Steel Rebar FOB Turkey. Depending on the subscription plan, updates can occur every 60 minutes or every 10 minutes, ensuring users have access to the most current pricing information.
• Historical Rates Endpoint: Developers can access historical rates dating back to 2019. By appending a specific date to the API request, users can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
• Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The Metals-API includes a currency conversion feature, enabling users to convert amounts between different metals or to/from USD. This is particularly useful for developers creating applications that require multi-currency support.
• Time-Series Endpoint: Users can query the API for daily historical rates between two specified dates, allowing for in-depth analysis of price movements over time.
• Fluctuation Endpoint: This endpoint provides information about how prices fluctuate on a day-to-day basis, helping users understand market volatility.
• Carat Endpoint: For those interested in precious metals, this feature allows users to retrieve gold rates by carat, catering to jewelers and investors alike.
• Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for a specified date, which is essential for identifying market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, offering a comprehensive view of market performance.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for extensive historical analysis.
• API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
• 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 comprehensive list of endpoints, each providing unique functionalities tailored to various user needs.
• Supported Symbols Endpoint: This endpoint returns all available metal symbols, ensuring users can easily find the data they need.
• Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to regional market needs.
• News Endpoint: Stay updated with the latest news articles related to various metals, helping users stay informed about market developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various API endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1747630827,
    "base": "USD",
    "date": "2025-05-19",
    "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": 1747544427,
    "base": "USD",
    "date": "2025-05-18",
    "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": "2025-05-12",
    "end_date": "2025-05-19",
    "base": "USD",
    "rates": {
        "2025-05-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-19": {
            "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": 1747630827,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-12",
    "end_date": "2025-05-19",
    "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": 1747630827,
    "base": "USD",
    "date": "2025-05-19",
    "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": 1747630827,
    "base": "USD",
    "date": "2025-05-19",
    "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

The Metals-API provides a robust framework for accessing real-time and historical pricing data for metals, including the LME Steel Rebar FOB Turkey prices. By leveraging this API, developers can create innovative applications that enhance decision-making processes and provide valuable insights into market trends. The comprehensive documentation available at the Metals-API Documentation ensures that developers can easily navigate the various endpoints and utilize the API effectively.

As the metal markets continue to evolve, the integration of advanced technologies and data analytics will play a pivotal role in shaping the future of trading and investment strategies. By utilizing the Metals-API, developers can stay ahead of the curve and harness the power of real-time data to drive their applications forward.

For a complete list of supported symbols, visit the Metals-API Supported Symbols page. Embrace the future of metal trading with the Metals-API and unlock the potential of real-time data.