Do you need an API that gives you LME Steel HRC China hourly rates? You should read this post!
A hot-rolled coil (HRC) is the most prevalent completed steel form in the worldwide steel industry, and it serves as the foundation for many steel-based industrial items. Due to its high liquidity and importance as a raw material for manufacturers, HRC is a critical metal that needs precise and rapid spot pricing and analysis.
It’s perfect for applications that don’t require a lot of force or form change. Its applications include pipelines, cars, trains, and shipyards, to name a few. After being machined at a high temperature, steel is rolled into hot-rolled coils.
Manufacturers mostly employ current technology to prevent steel shrinkage during the cooling process, which might result in coil dimensional defects. Although hot-rolled coils don’t need to be aesthetically faultless to be utilized, this fact is taken into account when calculating hr coil cost.
The HRC Steel Market
End-user demand, production costs, competition with local and international suppliers, and national and worldwide financial situations all impact the pricing of materials used in the hot-rolled coil consuming sectors. Pricing limits vary by country, although offers are often offered in local currencies, with predicted values in EUR or US dollars if the country is an importer. As a consequence, it’s vital to keep an eye on costs regularly.
China is one of HRC’s most important markets. It is, however, difficult to locate their cost. As a result, an API is a better tool for getting the most out of your money. It’s a data-transfer gadget that links two devices. Metals-API is an API that allows you to track current and historical prices to make the most informed LME Steel HRC China investing decisions.
Why Metals-API?
Every 60 seconds, it’s refreshed with a variation of 0,2 decimals. It has a large assortment of metals to choose from. It works with a broad number of devices, including smartphones and PCs.
It gathers data on metal prices from some of the world’s most well-known financial organizations and banks (in this case, London Metals Exchange and Argus). Commercial sources are given more weight since they better represent market exchange rates, especially for major currencies and metals.
Become a member of Metals-API:
- Visit www.metals-API.com to obtain an API key.
- Choose metal and money to work with.
- Add metal and money to your list before connecting to the API with these symbols. You also have many programming languages and price options to pick from.
- You must press the “run” button to finish the mission.
On your screen, the API should appear like this:
{
"success": true,
"timestamp": 1519296206,
"base": "STEEL-HR",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}