Methods to Get Iron Ore 58% Fe (IRON58) Historical Prices using this API

In the ever-evolving landscape of metal markets, the demand for accurate and real-time data has never been more critical. Iron Ore, particularly the 58% Fe grade, is a vital commodity in the global economy, and understanding its historical prices can provide invaluable insights for traders, analysts, and developers alike. This blog post will delve into the methods of obtaining historical prices for Iron Ore (IRON58) using the Metals-API, a powerful tool that leverages technological advancements to deliver real-time metals data.

About Iron Ore (IRON)

Iron Ore is one of the most significant raw materials in the production of steel, which is essential for various industries, including construction, automotive, and manufacturing. The digital transformation in metal markets has led to the integration of smart technologies and data analytics, enabling stakeholders to make informed decisions based on real-time data. The Metals-API provides a comprehensive solution for accessing historical prices, allowing users to analyze trends, forecast future prices, and optimize trading strategies.

Technological innovation has paved the way for advanced data analytics, which can uncover insights that were previously unattainable. By utilizing the Metals-API, developers can create applications that harness the power of real-time data, offering users a competitive edge in the market. The future of metal trading lies in the ability to integrate these insights into decision-making processes, and the Metals-API stands at the forefront of this transformation.

API Description

The Metals-API is a robust platform designed to provide developers with access to real-time and historical metal prices. With its user-friendly interface and comprehensive documentation, the API empowers developers to build next-generation applications that can analyze and visualize metal market data effectively. The API supports a wide range of endpoints, each tailored to meet specific data needs, from the latest rates to historical trends.

One of the standout features of the Metals-API is its ability to deliver real-time data updates. Depending on the subscription plan, users can receive updates every 60 minutes or even every 10 minutes, ensuring that they have the most current information at their fingertips. This capability is crucial for traders who need to react swiftly to market changes.

Key Features and Endpoints

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

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including Iron Ore. Users can access the latest prices and trends, which are updated frequently based on their subscription plan.
Historical Rates Endpoint: For those interested in analyzing past performance, the historical rates endpoint allows users to query data dating back to 2019. By appending a specific date to the API request, users can retrieve historical prices for Iron Ore and other metals.
Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The API includes a currency conversion feature, allowing users to convert amounts between different metals or to/from USD, facilitating easier analysis and reporting.
Time-Series Endpoint: Users can query the API for daily historical rates between two chosen dates, making it easier to analyze trends over specific periods.
Fluctuation Endpoint: This endpoint provides information on how metal prices fluctuate on a day-to-day basis, which is essential for understanding market volatility.
Open/High/Low/Close (OHLC) Price Endpoint: Users can access detailed OHLC data for specific time periods, which is crucial for technical analysis and trading strategies.
Historical LME Endpoint: For users interested in LME symbols, this endpoint provides historical rates dating back to 2008, offering a comprehensive view of market trends.
News Endpoint: The API also allows users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective data utilization. Here are some examples of the API responses for various endpoints:

Latest Rates Endpoint

{
"success": true,
"timestamp": 1768695471,
"base": "USD",
"date": "2026-01-18",
"rates": {
"IRON58": 0.000482,
"XAU": 0.000482,
"XAG": 0.03815
},
"unit": "per troy ounce"
}

This response indicates that the latest price for Iron Ore (IRON58) is 0.000482 per troy ounce, providing a snapshot of the current market conditions.

Historical Rates Endpoint

{
"success": true,
"timestamp": 1768609071,
"base": "USD",
"date": "2026-01-17",
"rates": {
"IRON58": 0.000485,
"XAU": 0.000485,
"XAG": 0.03825
},
"unit": "per troy ounce"
}

This historical data shows the price of Iron Ore on a specific date, allowing users to analyze trends over time.

Time-series Endpoint

{
"success": true,
"timeseries": true,
"start_date": "2026-01-11",
"end_date": "2026-01-18",
"base": "USD",
"rates": {
"2026-01-11": {
"IRON58": 0.000485
},
"2026-01-13": {
"IRON58": 0.000483
},
"2026-01-18": {
"IRON58": 0.000482
}
},
"unit": "per troy ounce"
}

This time-series data allows users to visualize price changes over a specified period, which is essential for identifying trends and making predictions.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into applications can significantly enhance data analysis capabilities. Here are some practical use cases:

Trading Platforms: Developers can create trading platforms that utilize real-time data from the Metals-API to provide users with up-to-date pricing information, enabling them to make informed trading decisions.
Market Analysis Tools: By leveraging historical data, analysts can build tools that analyze price trends and forecast future movements, helping investors strategize their investments.
Financial Reporting: Companies can integrate the API into their financial reporting systems to ensure that they are using the most current data for their reports, enhancing accuracy and reliability.

Conclusion

The Metals-API offers a comprehensive solution for accessing historical prices of Iron Ore (IRON58) and other metals. By leveraging its various endpoints, developers can create powerful applications that provide real-time insights and analytics. The integration of smart technology and data analytics into metal markets is transforming how stakeholders interact with market data, paving the way for more informed decision-making.

For those looking to dive deeper into the capabilities of the Metals-API, I encourage you to explore the Metals-API Documentation and familiarize yourself with the extensive range of supported symbols available on the Metals-API Supported Symbols page. The future of metal trading is here, and with the right tools, you can harness the power of real-time data to stay ahead in the market.

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Methods to Get Iron Ore 58% Fe (IRON58) Historical Prices using this API