Do you want to compare steel rebar prices along the time to optimize your business? Then, you must read this post!
Rebar, also known as reinforcement steel or reinforcing steel, is a steel bar or mesh of steel wires used to strengthen and keep concrete in tension in reinforced concrete and masonry constructions. The surface of the rebar is frequently textured to increase the quality of the connection with the concrete.
Rebar is used to compensating for the problem that concrete is strong in compression but weak in tension. Rebar may carry tensile loads and hence boost overall strength by being placed into concrete.
Uses:
- Primary reinforcement: This is used to give resistance to design loads.
- Secondary reinforcement: Provides localized resistance to cracking and temperature-induced strains for durability and aesthetic objectives.
- Distribute resistance to concentrated loads across a larger region.
- Hold other steel bars in the proper position to help them accommodate their loads.
- External steel tie bars are used to limit and strengthen masonry constructions and are occasionally used to conserve buildings.
- Reinforced masonry has gaps in some masonry blocks and bricks to permit rebar to handle tensile stresses. Grout is used to holding the rebar in place.
This illustrates all of the applications steel rebar has. Businessmen are investing all the time in this market because construction is one of the most important industries in the world.
Turkey is one of the biggest construction rebar markets in the world and their official values are set by the London Metal Exchange. But, you can find a lot of not official prices on the internet. If you’re investing in the construction sector, you need to get the official values to make investments. Also, is important that you compare the variation of the prices across the time. This will serve to you to decide the best moment to invest.
The easiest approach to achieve this goal is to use an API. It’s a gadget that transfers data and links two devices. Metals-API is an API that allows you to watch current prices and price variations over time to help you make the best LME Steel Rebar Turkey investments.
How do I sign up for Metals-API?
- Visit www.metals-API.com to obtain an API key.
- Choose your metal (STEEL-RE) and currency.
- Add metal and currency to your list before connecting to the API with these symbols. You may also pick from several other programming languages and price ranges.
- You must press the “run” button to finish the mission.
This is the API request:
https://www.metals-api.com/api/fluctuation ? access_key = API_KEY & start_date = 2015-12-01 & end_date = 2015-12-24
And this is the response:
{
"success":true,
"fluctuation":true,
"start_date":"2018-02-25",
"end_date":"2018-02-26",
"base":"STEEL-RE",
"rates":{
"USD":{
"start_rate":1.228952,
"end_rate":1.232735,
"change":0.0038,
"change_pct":0.3078
},
"JPY":{
"start_rate":131.587611,
"end_rate":131.651142,
"change":0.0635,
"change_pct":0.0483
},
[...]
}
}
Why Metals-API?
It’s updated every 60 seconds and has a large range of metals to choose from. The Metals-API system provides you with the most up-to-date market price. It has a wide range of metals and currencies to choose from. It works with a broad variety of devices. It gives historical, fluctuation data, and live prices to compare and optimize your business decisions.
It gathers metal price data from the world’s most prestigious financial organizations and banks. Commercial sources are given a larger weighting since they better reflect market exchange, especially for major currencies and metals.