Are you seeking for a API to retrieve LME Steel Scrap Turkey rates in Python? This post will tell you all you need to know!
Steel scrap means products that have been sorted for size and composition before melting. The number of rejected consumer products and worn-out industrial equipment grows as the globe becomes more industrialized. Scrap steel produces almost 500 million tons of steel each year. The country that has the majority of production is Turkey that produces more than 40% of all steel produced across the world.
The price is established by the London Metal Exchange (LME), and it is updated every day at 16:30 H, London time. Steel scrap is a relatively new industry with consistently rising demand. However, numerous unauthorized pricing may be found on the internet.
Because the market is so dynamic and expenditures change so quickly, they adjust the pricing. If you want to invest in the construction industry, you’ll need to stay current to select the optimum time to do so. As a result, if you’re searching for a solution to keep up with these rates in Python, you should use an API.
Why Python?
Python is an interpreted high-level general-purpose programming language. Its design philosophy prioritizes code readability by employing a large amount of indentation. Its language features and object-oriented approach are also intended to help programmers write clear, logical code for both small and big projects.
An API is an application programming interface that connects two computers or programs so that they may interact. You may get any sort of information with only a few simple clicks. APIs are used in a broad variety of applications, and almost every major platform supports them. You’ll need to look for and use tools that can assist you. Some other websites may help you with this, but you should pick wisely because not all of them work or provide the same information.
It’s simple to discover an API, but it’s more difficult to find one that provides LME Steel Scrap turkey rates in python. Metals-API is a great place to start because it’s one of the most popular and comprehensive precious metals APIs on the market. It can record a wide range of data and may be quite valuable to your company. To incorporate the API into your website or blog, use the plugins on the Metals-API main page.
You must do the following to take advantage of it:
- Create an account at www.metals-API.com to get your API key.
- Look for the LME Steel Scrap Turkey (STEEL-SC) and the desired currency symbol.
- Use these symbols to add metal and money to the list before making the API call.
- Finally, you press the “run” button to finish the job.
To acquire Python information, you should utilize the Request module.
This is how it should appear:
import requests
base_currency = 'USD'
symbol = 'STEEL-SC'
endpoint = 'latest'
access_key = 'API_KEY'
resp = requests.get(
'https://metals-api.com/api/'+endpoint+'?access_key='+access_key+'&base='+base_currency+'&symbols='+symbol)
if resp.status_code != 200:
# This means something went wrong.
raise ApiError('GET /'+endpoint+'/ {}'.format(resp.status_code))
print(resp.json())
Why Metals-API?
This API can generate precise exchange rates for precious metals as well as 170 different currencies, including Bitcoin and other major cryptocurrencies. API access to real-time precious metals data with an accuracy of 2 decimal points and a frequency of up to 60 seconds is also available.
Metals-API only provides midpoint exchange rate data. Midpoint rates are calculated using the average median rate of Bid and Ask during a certain period. Metals-API gathers data from some of the world’s most recognizable financial institutions.
See more: Try This API To Get LME Steel Scrap Turkey Rates In Euros