Get Steel Scrap HMS 1&2 (SCRAP-HM) prices using this API

In today's rapidly evolving digital landscape, the demand for real-time data in the metals market has never been greater. Developers and businesses alike are seeking innovative solutions to access accurate and timely information on metal prices, particularly for Steel Scrap HMS 1&2 (SCRAP-HM). The Metals-API offers a robust platform that empowers users to retrieve essential data, enabling informed decision-making and strategic planning.

Understanding Steel Scrap HMS 1&2 (SCRAP-HM) and Its Markets

Steel Scrap HMS 1&2 (SCRAP-HM) is a critical component in the recycling and manufacturing industries. As a blend of heavy melting steel scrap, it plays a vital role in producing new steel products, thereby contributing to sustainability and resource efficiency. The market for SCRAP-HM is influenced by various factors, including global demand for steel, fluctuations in raw material prices, and advancements in recycling technologies.

Digital transformation is reshaping the metal markets, with data analytics and smart technology integration driving efficiency and transparency. The Metals-API provides developers with the tools to harness this data, facilitating the creation of applications that can track market trends, analyze price movements, and optimize procurement strategies.

Technological Innovation and Advancement

The Metals-API stands out due to its commitment to technological innovation. By offering real-time data access, it allows users to stay ahead of market trends. The API's capabilities extend beyond mere price retrieval; it enables developers to build applications that can analyze historical data, track fluctuations, and even convert between different metal prices.

For instance, the Latest Rates Endpoint provides real-time exchange rate data, updated frequently based on the user's subscription plan. This feature is crucial for businesses that need to react quickly to market changes. The API's Historical Rates Endpoint allows users to access data dating back to 2019, providing a comprehensive view of price trends over time.

Data Analytics and Insights

Data analytics is at the heart of the Metals-API's functionality. By leveraging the API, developers can gain insights into market behavior, enabling them to make data-driven decisions. The Time-Series Endpoint allows users to query daily historical rates between two dates, offering a detailed perspective on price movements. This can be particularly useful for identifying patterns and forecasting future trends.

Moreover, the Fluctuation Endpoint provides valuable information on how metal prices fluctuate on a day-to-day basis. This feature is essential for traders and businesses that need to understand market volatility and adjust their strategies accordingly.

Smart Technology Integration

Integrating smart technology with the Metals-API can enhance operational efficiency. For example, the Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature simplifies transactions and helps businesses manage their finances more effectively.

Additionally, the Bid and Ask Endpoint provides real-time bid and ask prices, enabling users to make informed trading decisions. This level of integration ensures that businesses can operate in a fast-paced market without missing critical opportunities.

API Description and Key Features

The Metals-API is designed to provide comprehensive access to metal prices and currency conversion data. With a user-friendly interface and extensive documentation, developers can easily integrate the API into their applications. The API supports a wide range of functionalities, including:

Latest Rates Endpoint

This endpoint returns real-time exchange rate data for metals, updated according to the user's subscription plan. For example, a typical response might look like this:

{
"success": true,
"timestamp": 1769818256,
"base": "USD",
"date": "2026-01-31",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744,
"XCU": 0.294118,
"XAL": 0.434783,
"XNI": 0.142857,
"XZN": 0.344828
},
"unit": "per troy ounce"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999. This endpoint is invaluable for analyzing past market behavior. An example response might be:

{
"success": true,
"timestamp": 1769731856,
"base": "USD",
"date": "2026-01-30",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Time-Series Endpoint

This endpoint allows users to retrieve exchange rates for a specific time period, which is crucial for trend analysis. A typical response could look like this:

{
"success": true,
"timeseries": true,
"start_date": "2026-01-24",
"end_date": "2026-01-31",
"base": "USD",
"rates": {
"2026-01-24": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-26": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-31": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint is particularly useful for businesses that deal with multiple currencies. It allows users to convert amounts between different metals or to/from USD. An example response is as follows:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1769818256,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

This endpoint tracks rate fluctuations between two dates, providing insights into market volatility. A sample response might be:

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-24",
"end_date": "2026-01-31",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
},
"XAG": {
"start_rate": 0.03825,
"end_rate": 0.03815,
"change": -0.0001,
"change_pct": -0.26
},
"XPT": {
"start_rate": 0.000915,
"end_rate": 0.000912,
"change": -3.0e-6,
"change_pct": -0.33
}
},
"unit": "per troy ounce"
}

Open/High/Low/Close (OHLC) Price Endpoint

This endpoint provides OHLC data for a specific time period, which is essential for traders looking to analyze market trends. An example response is:

{
"success": true,
"timestamp": 1769818256,
"base": "USD",
"date": "2026-01-31",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
},
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
},
"XPT": {
"open": 0.000915,
"high": 0.000918,
"low": 0.00091,
"close": 0.000912
}
},
"unit": "per troy ounce"
}

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals, which is crucial for traders. A typical response might look like this:

{
"success": true,
"timestamp": 1769818256,
"base": "USD",
"date": "2026-01-31",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
},
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
},
"XPT": {
"bid": 0.000911,
"ask": 0.000913,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time data on Steel Scrap HMS 1&2 (SCRAP-HM) and other metals. By leveraging its extensive features, including the Latest Rates, Historical Rates, and various conversion endpoints, businesses can gain valuable insights into market trends and make informed decisions. The integration of smart technology and data analytics into the metals market is paving the way for a more efficient and transparent future.

For more information on how to utilize the Metals-API, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metal symbols. Embrace the future of metals trading with the Metals-API and unlock the potential of real-time data.