Are you looking for an API that will provide you with the iron ore pricing information in USD? If that’s the case, you need to try this platform.
Metallic iron can be produced from iron ores, which are economically exploitable rocks and minerals. Iron oxides abound in the ores, which range in color from dark grey to bright yellow, deep purple, and rusty red. Steel is made primarily from iron ore (98 percent).
Paints, printing ink, polymers, and cosmetics all use powdered iron, and the remaining 2% is used for a variety of other things (e.g., eye shadow).
Iron blue, artist colors, laundry blue, paper dyeing, fertilizer, baked enamel coatings on autos and appliances, and industrial finishes—radioactive iron is used in medicine and as a tracer element in biochemical and metallurgical research.
The value of iron ore changes all the time, and several sources provide this information. As a result, you’ll need a program that meticulously provides you with real-time data from the most well-known organizations. In this way, if you want to know when the optimum time is to buy this metal, you need to employ an API.
What is an API?
An API is an interface that gives you information about almost anything you need almost instantly. Because an API allows two computers or apps to speak with each other, this happens.
The interface will react with the expected result when you send an API call, such as for metals price in US dollars. The majority of international websites employ this method because it is effective and time-saving.
When choosing an API to use for this purpose, keep in mind that not all APIs are created equal. However, there is one wonderful tool that you could find useful: Metals-API.
Why Metals-API?
One of the most exact and trustworthy API tools available is Metals-API. It collects data from about 15 trustworthy sources per minute. Banks and financial data companies are examples of these companies. As a result, you’ll have a precise estimate.
Bitcoin and Litecoin are only two of the over 170 currencies, commodities, and cryptocurrencies accepted. The JSON API (JavaScript Object Notation) replaces the requirement for each piece of software to write its specialized code to communicate with servers that utilize a certain format.
How to use it?
If you want to acquire the iron ore pricing in US dollars, you have to do the following:
- You may obtain an API key by visiting www.metals-API.com.
- Look up a list of iron ore symbols (IRON) and currency indicators on the internet to choose the one you want (USD).
- Once you’ve added metal and money to the list of symbols, make the API call.
- As far as coding languages go, you have the option of using JSON or PHP.
Also published on Medium.