Get Iron Ore (IRON) Historical Prices to Track Market Changes using this API
Get Iron Ore (IRON) Historical Prices to Track Market Changes using this API
In today's rapidly evolving digital landscape, the demand for real-time data has never been greater, especially in the metal markets. One of the most significant metals that investors and developers are keenly interested in is Iron Ore (IRON). With the advent of advanced technologies and data analytics, tracking historical prices of Iron Ore has become more accessible than ever through the Metals-API. This blog post will delve into the capabilities of the Metals-API, focusing on how to obtain historical prices and the transformative potential of real-time metals data.
About Iron Ore (IRON)
Iron Ore is a critical raw material used in steel production, making it a vital commodity in the global market. The digital transformation in metal markets has led to the integration of smart technologies and data analytics, enabling stakeholders to make informed decisions based on real-time data. As the demand for Iron Ore fluctuates due to various factors such as economic conditions, geopolitical events, and technological advancements, having access to historical price data is crucial for market analysis.
Technological innovations have paved the way for enhanced data analytics, allowing developers to build applications that can predict market trends and provide insights into price fluctuations. The Metals-API plays a pivotal role in this transformation by offering a comprehensive suite of endpoints that deliver real-time and historical data on various metals, including Iron Ore.
API Description
The Metals-API is a powerful tool that provides developers with the ability to access real-time and historical data for a wide range of metals. By leveraging this API, developers can create next-generation applications that utilize real-time data to inform investment strategies, market analysis, and trading decisions. The API's capabilities include retrieving the latest rates, historical prices, and even bid and ask prices for various metals.
For detailed information on how to use the API, developers can refer to the Metals-API Documentation, which provides comprehensive guidance on the available endpoints, parameters, and response formats. Additionally, the Metals-API Supported Symbols page lists all the metals available through the API, including Iron Ore.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes, ensuring that users have access to the most current market information.
- Historical Rates Endpoint: Users can access historical rates for Iron Ore dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is essential for trend analysis and market forecasting.
- Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for Iron Ore, providing insights into market liquidity and pricing dynamics.
- Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD, facilitating seamless transactions and calculations.
- Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates, making it easier to analyze price movements over time.
- Fluctuation Endpoint: Users can track how Iron Ore prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
- Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed price data, including the opening, highest, lowest, and closing prices for Iron Ore over a specified period.
- Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for Iron Ore on a given date, which is crucial for understanding market extremes.
- Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008, allowing for comprehensive market analysis.
- News Endpoint: The API also includes a news feature that retrieves the latest articles related to various metals, keeping users informed about market trends and developments.
API Endpoint Examples and Responses
Understanding how to interact with the Metals-API is essential for developers looking to leverage its capabilities. Below are examples of how to use various endpoints effectively.
Latest Rates Endpoint
To get real-time exchange rates for Iron Ore, you can use the following request:
{
"success": true,
"timestamp": 1771633319,
"base": "USD",
"date": "2026-02-21",
"rates": {
"IRON": 0.000482
},
"unit": "per troy ounce"
}
Historical Rates Endpoint
Accessing historical exchange rates for Iron Ore can be done with a simple request. For example:
{
"success": true,
"timestamp": 1771546919,
"base": "USD",
"date": "2026-02-20",
"rates": {
"IRON": 0.000485
},
"unit": "per troy ounce"
}
Time-Series Endpoint
To analyze price trends over a specific period, the time-series endpoint can be utilized:
{
"success": true,
"timeseries": true,
"start_date": "2026-02-14",
"end_date": "2026-02-21",
"base": "USD",
"rates": {
"2026-02-14": {
"IRON": 0.000485
},
"2026-02-21": {
"IRON": 0.000482
}
},
"unit": "per troy ounce"
}
Convert Endpoint
For converting amounts from one metal to another, the convert endpoint is invaluable:
{
"success": true,
"query": {
"from": "USD",
"to": "IRON",
"amount": 1000
},
"info": {
"timestamp": 1771633319,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
Fluctuation Endpoint
To track fluctuations in Iron Ore prices, you can use the fluctuation endpoint:
{
"success": true,
"fluctuation": true,
"start_date": "2026-02-14",
"end_date": "2026-02-21",
"base": "USD",
"rates": {
"IRON": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}
OHLC (Open/High/Low/Close) Price Endpoint
For detailed price data, the OHLC endpoint can be used:
{
"success": true,
"timestamp": 1771633319,
"base": "USD",
"date": "2026-02-21",
"rates": {
"IRON": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}
Bid/Ask Endpoint
To retrieve current bid and ask prices for Iron Ore, use the following request:
{
"success": true,
"timestamp": 1771633319,
"base": "USD",
"date": "2026-02-21",
"rates": {
"IRON": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}
Conclusion
The Metals-API provides a robust framework for accessing historical prices and real-time data for Iron Ore and other metals. By leveraging its various endpoints, developers can create applications that not only track market changes but also provide insights into price trends and fluctuations. The integration of smart technology and data analytics into the metal markets is transforming how stakeholders interact with these commodities.
As the demand for accurate and timely data continues to grow, utilizing APIs like Metals-API will be essential for developers looking to stay ahead in the competitive landscape of metal trading and investment. For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols to understand the full range of capabilities at your disposal.