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Get Iron Ore Prices Historical Rates Using An API

Are you searching for an API for getting iron ore price historical? Then using an API is definitely the best option. We’ll show you how to use it here.

First, Iron ores are rocks and minerals that can be mined for metallic iron commercially. The ores, which range in color from dark grey to bright yellow to deep purple to rusty red, are rich in iron oxides. Iron ore is the primary source of iron for the global iron and steel industry.

Iron ore is the principal source of iron for the iron and steel industries around the world. It is thus necessary for the manufacturing of steel, which is necessary for the maintenance of a strong industrial basis. Almost all iron ore (98 percent) is utilized to make steel. There are over 50 countries that mine iron ore.

Canada was the world’s ninth-largest producer of iron ore in 2019. The top five iron ore-producing countries produced 81.3 percent of the world’s iron ore. In 2019, the world’s iron ore reserves totaled 168.6 billion tonnes.

Within it, it is shown how the metal has been leading the industry. That is why it is critical to stay current with information, and it is difficult to find a transparent pricing website that includes historical rates as well as real-time prices.

How To Get An API

Nowadays, to get the information in real-time it is using a system that’s called API which is an interface that gathers data from a location and provides it to the user who requested it. It’s that simple, and you’ll find it useful in a variety of scenarios. We recommend using Metals-API which is one the most complete tool and is free. Besides, this website provides a variety of metals in a range of currencies.

The APIs provide historical rates for a specific date and time, which is extremely useful for comparing the market and prices at that point in time.

You should follow these steps to get an API:

1. Go to www.metals-API.com to get your one-of-a-kind API key.

2. Look for the lead symbol and the currency sign you want to use in the website’s list.

3. Add metal and money to the list with these symbols, then make the API call. You can also choose from a variety of programming languages and rate types.

4. The historical rates of most currencies can be accessed all the way back to 2019. You can query the Metals-API API for historical rates by adding a date (format YYYY-MM-DD) to the basic URL.

This is how the request should be written:

https://metals-api.com/api/2013-12-24
? access_key = API_KEY
& base = GBP
& symbols = USD,CAD,EUR

And here’s the end result:

"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "GBP",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516

Also published on Medium.

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