Are you looking for an API that provides you LME Steel Rebar Turkey information in tonnes? Here we’ll recommend you the better one.
This recycled steel is used in many industries. In recent years, residential and commercial building activities are being driven by increasing urbanization, population, and disposable income levels of people, resulting in industry expansion. Product demand is being bolstered by rapid infrastructure development and the installation of new industrial units in emerging economies such as India and China.
Steel Rebar Market is expected to develop at a CAGR of roughly 4% from 2021 to 2027, with a market value of USD 99.48 billion in 2020. The expectation of growth of this business incites paying attention to the production amount to decide the best moment to invest. To acquire information about this metal in real-time of this amount, the best tool is an API.
But, What Is An API
API is the abbreviation for Application Programming Interface. This is software that enables two applications to communicate with one another. On the internet, there are many of them, but not all of them supply the same information.
As a result, we strongly suggest Metals-API, which is rapidly establishing itself as one of the most complete APIs for precious metal values. If you utilize this application, you could be able to use a variety of metals and currencies on your website. It provides information about your preferred metal in real-time. You can also access historical data and the production’s fluctuation.
To get it, follow these instructions:
- An API key will be provided by www.metals-API.com.
- Pick up the Steel Rebar (STEEL-RE) as well as the currency symbol you’ll be using.
- Utilize these symbols to include metal and currency in the list before finishing the API call. You have many programming languages (PHP, Python, and JSON) and pricing ranges to pick from.
- Now all you have to do is press the “run” button, and you’re done! On your device, the API will be presented.
- The rates in this API are in troy ounces, so keep that in mind. To calculate tonnes, multiply metals-rate APIs by 3.11035e-5. After that, you’ll be able to get the required price.
Which Are The Benefits Of Metals-API
Metals-API started as a basic, lightweight Open-Source API allowing banks to obtain current and historical precious metals values. With a 60-second refresh rate, this API provides real-time precious metals data to two decimal places.
Among the features accessible are precious metals exchange rates, single currency switching, Time-Series data, volatility statistics, and the day’s lowest and highest prices. The Metals-API can compute precise precious metal exchange rates in more than 170 currencies worldwide, including Bitcoin and other major cryptocurrencies.