How to Get Real-Time US Steel Coil Futures (STEEL-US) Prices with Metals-API

How to Get Real-Time US Steel Coil Futures (STEEL-US) Prices with Metals-API
Accessing real-time market prices for US Steel Coil Futures (STEEL-US) has never been easier, thanks to the innovative capabilities of the Metals-API. This powerful API provides developers with the tools necessary to integrate real-time data into their applications, enabling them to make informed decisions based on the latest market trends. In this blog post, we will explore how to access real-time STEEL-US prices using Metals-API, including step-by-step instructions and example API calls.
Understanding Metals-API
Metals-API is a comprehensive JSON API that offers real-time and historical data for various metals, including steel, gold, silver, platinum, and more. The API is designed to facilitate digital transformation in the metal markets by providing developers with access to accurate and timely data. With its advanced technological features, Metals-API empowers users to build next-generation applications that leverage data analytics and insights.
Key Features of Metals-API
Metals-API boasts 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 updated at intervals depending on your subscription plan. You can receive updates every 60 minutes, every 10 minutes, or even more frequently.
- Historical Rates Endpoint: Access historical rates dating back to 2019, allowing you to analyze trends over time. Simply append a date to your query to retrieve past data.
- Bid and Ask Endpoint: Retrieve real-time bid and ask prices for metals, which is crucial for traders looking to make informed buying and selling decisions.
- Convert Endpoint: This feature allows you to convert amounts between different metals or to/from USD, making it easier to work with various currencies.
- Time-Series Endpoint: Query daily historical rates between two dates of your choice, enabling you to analyze trends over specific periods.
- Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility.
- Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for specific time periods, which is essential for technical analysis.
- API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
- API Response: All data is returned in a structured JSON format, making it easy to parse and integrate into your applications.
- Supported Symbols Endpoint: Access a constantly updated list of all available symbols, ensuring you have the latest information at your fingertips.
Accessing Real-Time STEEL-US Prices
To access real-time prices for US Steel Coil Futures (STEEL-US), you will need to follow these steps:
Step 1: Sign Up for Metals-API
Begin by signing up for an account on the Metals-API Website. After registration, you will receive an API key that you will use to authenticate your requests.
Step 2: Make Your First API Call
Once you have your API key, you can make your first API call to retrieve the latest STEEL-US prices. The endpoint for the latest rates is structured as follows:
https://metals-api.com/api/latest?access_key=YOUR_API_KEY&symbols=STEEL-US
Replace YOUR_API_KEY
with your actual API key. This call will return the latest prices for STEEL-US along with other metals.
Step 3: Understanding the API Response
The response from the API will be in JSON format, providing you with the latest rates. Hereβs an example of what the response might look like:
{
"success": true,
"timestamp": 1758258116,
"base": "USD",
"date": "2025-09-19",
"rates": {
"STEEL-US": 0.000482
},
"unit": "per ton"
}
In this response:
- success: Indicates whether the API call was successful.
- timestamp: The time at which the data was retrieved.
- base: The base currency for the rates provided.
- date: The date for which the rates are applicable.
- rates: An object containing the latest rates for the requested symbols.
- unit: The unit of measurement for the rates.
Step 4: Implementing Further API Features
Beyond retrieving the latest prices, Metals-API offers a range of features that can enhance your application:
Historical Data Access
To access historical data for STEEL-US, you can use the Historical Rates Endpoint. The endpoint is structured as follows:
https://metals-api.com/api/historical?access_key=YOUR_API_KEY&date=YYYY-MM-DD&symbols=STEEL-US
This call will return the historical price for the specified date. The response will be similar to the latest rates response but will include data for the requested date.
Time-Series Data
If you want to analyze trends over a specific period, you can use the Time-Series Endpoint:
https://metals-api.com/api/timeseries?access_key=YOUR_API_KEY&start_date=YYYY-MM-DD&end_date=YYYY-MM-DD&symbols=STEEL-US
This will return daily rates for STEEL-US between the specified start and end dates, allowing for comprehensive trend analysis.
Bid and Ask Prices
For traders, accessing bid and ask prices is crucial. Use the Bid and Ask Endpoint:
https://metals-api.com/api/bidask?access_key=YOUR_API_KEY&symbols=STEEL-US
This will return the current bid and ask prices, which can help in making trading decisions.
Advanced Use Cases
Metals-API can be integrated into various applications, from trading platforms to market analysis tools. Here are some advanced use cases:
- Automated Trading Systems: Developers can create algorithms that automatically execute trades based on real-time STEEL-US prices and historical trends.
- Market Analysis Dashboards: By integrating multiple endpoints, developers can build dashboards that visualize price trends, fluctuations, and historical data.
- Risk Management Tools: Use fluctuation data to assess market volatility and develop strategies to mitigate risks associated with trading metals.
Conclusion
Accessing real-time US Steel Coil Futures (STEEL-US) prices through Metals-API is a straightforward process that opens up a world of possibilities for developers. With its robust features and comprehensive data offerings, Metals-API empowers users to build innovative applications that leverage real-time and historical metal prices. By following the steps outlined in this blog post, you can easily integrate STEEL-US pricing into your projects and take advantage of the transformative potential of real-time metals data.
For more information, be sure to check out the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available data. Embrace the future of metal market data with Metals-API and enhance your applications today!