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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,840 13 mei 2024 10:04
  • -0,040 (-0,17%) Dagrange 23,750 - 23,890
  • 148.396 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 2)

1.000 Posts
Pagina: «« 1 ... 3 4 5 6 7 ... 50 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 23 augustus 2011 16:50
    ArcelorMittal SA lost production at Newcastle mill

    It is reported that the renewed shutdown of ArcelorMittal SA's blast furnace at its Newcastle mill in KwaZulu Natal will chop 400000 tonnes off its annual steel production, with full production expected to be resumed only in November 2011.

    That amounts to 25% of the mill's annual 1.6 million tonnes of output, and follows a lengthy shutdown earlier this year, which caused severe shortages of steel reinforcing bar. About 80% of ArcelorMittal SA's long steel products are generated by Newcastle. The mill supplies the mining, engineering, automotive, building, construction and agricultural industries, and downstream producers are worried that the latest furnace outage will have severe knock on effects.

    Mr Rick Allen, the owner of Allens Meshco, said that "Basically the two main products of long steel are wire rod and rebar. ArcelorMittal SA is by far the largest long steel producer in SA. We are possibly one of their largest long steel customers and we have been, and will be, affected by the shutdown."

    Allens Meshco is one of SA’s biggest producers of wire and mesh products for construction, security fencing, agriculture, general industry and mining. The company is almost totally reliant on ArcelorMittal SA.

    Mr Allen said that "I have to say ArcelorMittal SA is making provision, and is in the process of sourcing steel from other local mills and their own overseas mills. But the whole thing is going to be a question of timing."

    According to the South African Reinforced Concrete Engineers' Association, it is difficult to quantify the damage but a further shortage of rebar will be another massive blow to the rebar industry and the construction industry as a whole.

    Mr Rod Mountford director of South African Reinforced Concrete Engineers' Association said that the expected three months required restoring the Newcastle works, means the South African construction industry will be plagued by steel shortages for the remainder of this year. He said that "This is an industry which has had to contend with ongoing shortages since the breakdown of the same plant at the beginning of 2011."

    With the closure of the Cape Town Iron & Steel Works mill late in 2010, there are only three mills left in the country.

    Mr Mountford said that "These three mills will simply not have sufficient capacity to meet the country’s rebar and wire rod manufacturing requirements, and this will subsequently result in delays to construction projects. Rebar can be imported but takes up to three months to arrive at the local rebar yards from the time of order, so it would seem that this option is not one that will solve the immediate problem."

    During the earlier Newcastle outage, Sarcea indicated rebar makers and value added distributors had begun defaulting on their contracts with construction companies.

    (Sourced from www.bdfm.co.za)
  2. forum rang 10 voda 24 augustus 2011 16:19
    ArcelorMittal SA shares touched a 5 year low on JSE

    BS reported that shares in ArcelorMittal SA touched a 5 year low on the Johannesburg Stock Exchange.

    As per report, ArcelorMittal SA shares touched a low of 5,617 cents, a level last seen in 2006, before regaining some ground to finish 1% higher at 5,830 cents.

    A trader described sentiment for ArcelorMittal SA as brittle, following news of serious production losses at its Newcastle plant, which was recently damaged when a dust catcher collapsed and seriously damaged the blast furnace.

    The market appears to be critically assessing the accident after ArcelorMittal SA suggested that damage to the Newcastle plant could cause around 4,00,000 tonnes of lost production. ArcelorMittal's production loss estimate was considerably higher than the initial 300,000 tonnes of lost production estimated by the market earlier this month.

    A loss of 400,000 tonnes of production is roughly equivalent to the Newcastle plants annual production of 1.6 million tonnes. ArcelorMittal SA also noted the financial impact of the accident would be substantial, an admission is likely to spook the market.

    (Sourced from www.business-standard.com)
  3. forum rang 10 voda 25 augustus 2011 16:20
    Steel prices likely to go up further in October - CMIE

    According to Centre for Monitoring Indian Economy’s monthly report, domestic steel majors are expected to hike prices further in October on the back of a likely upswing in industrial and infrastructure construction activities.

    The CMIE in its monthly review said that “We expect steel companies to hike prices in October-November once industrial and infrastructure construction activity gathers pace.”

    In FY’12, the agency expects finished steel prices to average 7% higher than in 2010-11. It also noted that steel prices have already risen nearly 15% in the first quarter of the fiscal. However, the CMIE has sharply scaled down its growth forecast for finished steel production for the fiscal from 12% to 9.5%.

    It said that “The downward revision is due to the lower than expected growth in demand for steel in the first quarter and a shortfall of iron ore likely to be faced by the steel units in Karnataka.”

    The report said that iron ore prices are ruling high due to the ban imposed by the Supreme Court on mining in Bellary and a huge demand for the commodity from China.

    (Sourced from BL)
  4. forum rang 10 voda 25 augustus 2011 17:04
    Negatief voor Arcelor?

    TATA Steel free to market new ultra high strength automotive steel

    A patent ruling has provided TATA Steel with a breakthrough in its plans to bring to market a new press hardened zinc coated boron steel sheet, called ZnX®.?? which is suitable for hot forming.

    The Board of Appeal of the European Patent Office in Munich on August 18 revoked a patent that relates to the hot forming of zinc coated boron steel and that TATA Steel, among others, had contested.??

    In order to produce safe, green vehicles, automotive manufacturers require ultra high strength steels that allow them to develop lightweight designs. There is consequently a growing trend towards the use of press hardened steels in automotive applications. Far and away the predominant process in this area is “direct” hot forming, where a blank (or sheet) of steel is heated and subsequently pressed and quenched, resulting in ultra strong components.??

    At present only uncoated and aluminized sheet steels are suitable for direct hot forming. However, TATA Steel is developing an innovative new zinc coated boron steel product, ZnX®, which offers the same ultra high strength benefits, with the added advantage of active corrosion protection.??

    Mr Jaap Piso TATA Steel’s Automotive Sales & Marketing Director said “This ruling is a milestone as it frees automotive customers to work with us on the use of ZnX®. Our aim is to be able to provide them with a new product that possesses the enhanced properties they want. Trials of ZnX® to date have proved extremely promising and we believe the product represents a significant step forward in our ambition to offer next-generation materials for car body engineering.”???
  5. forum rang 10 voda 26 augustus 2011 14:58
    ArcelorMittal H beam price for ASEAN shipment reaches USD 900 CNF

    According to a source familiar with the matter, ArcelorMittal's price of H beams for ASEAN seems to reach the USD 900 CNF mark for August 2011 shipment eventually. The company tried to increase its price by USD 100 for July shipment for the Middle East and ASEAN areas but failed to do so.

    After then, the company is believed to have succeeded a contract at the USD 850 CNF mark. It is said for the current price not to return to USD 850 CNF. As business negotiations are quiet in Middle East due to the Ramadan period, attention is focused whether its price is increased to what level of the USD 900 CNF mark after Ramadan.

    Price of H beams begins to increase slightly in the Asian area as well. The Chinese mills' prices for ASEAN for July and August shipment were USD 720 to USD 730 CNF for boron added H beams, USD 760 to USD 770 CNF for small sized H beams, and USD 820 to USD 830 CNF for middle sized H beams. Although the Chinese mills tried repeatedly to increase their prices by USD 30 to USD 40, they were rolled back, and have not attained to increase their prices. Although they proposed USD 15 increase, its price increase by USD 10 or so is said to have been confirmed and to have penetrated consequently. Prices of many sizes are rising, and in case of middle-sized H beams, even the USD 840 CNF level is said to be found.

    In Korea as well, prices of H beams seem to be rising. Hyundai Steel noticed to reduce a range of discount on H beams by KRW 30,000 for the domestic to each customer in late July 2011, and is entering negotiations. A suggested price by a mill was KRW 980,000 but a market price was reported to be KRW 960,000 till then. As most recently, its market price is said to be KRW 970,000, they succeeded in reducing a range of discount by KRW 20,000 and accordingly, they can be said to have succeeded in raising its price practically.

    In early this quarter, prices of flat rolled products collapsed largely. There were many cases of price drop by as much as USD 200. Against this, prices of shapes and sections did not respond to price hike of steelmaking materials but on the other hand, price decrease of those items was below USD 100, and bottom prices can be said to be stable compared with those of flat rolled products. It has been observed that prices of shapes and sections do not increase unless price of steel scraps rises largely but prices of H beams now begin to go up without big increase of scarp price. In this regard, a market price increase is expected not only in Middle East but also in the ASEAN area subsequently.

    However, grounds for concern are also found. It is such movement that in China, construction of railway net works will delay significantly or cease. If construction of railways will delay, production of rails will be reduced naturally. As there are many mills in China which produce both rails and H beams, the mills are expected to shift emphasis of production from rails to H beams. A second of the case that as many cold rolling mills moved into production of non oriented electrical steel sheets coils, its price dropped from the level of 1,000 to that of 700 in dollar volume due to over production is concerned.

    Although increase of a market price of H beams is found, there is a feeling that the Japanese mills are left out of a market. It is because under the situation that an exchange rate of USD 1 is appreciated to above JPY 80, negotiations cannot be concluded unless USD 1,000 FOB is accepted. Fortunately, as the Japanese mills will carry out the periodic overhauling of their facilities and so on, there will be no mills to do selling from haste. Therefore, their attitude is to take plenty of time.

    (Sourced from TEX Report Limited)
  6. forum rang 10 voda 27 augustus 2011 15:10
    India may soon turn net steel exporter - Steel Secretary

    India could again turn a net exporter of steel over next couple of years as steel makers such as SAIL and TATA Steel are in the process of expanding their capacities.

    Mr PK Misra India’s steel secretary while speaking at the Steel Tube Summit 2011 said that current trend indicates that imports and exports will even out and eventually the country would become a net exporter over next few years.

    Mr Misra said that Indian steel capacity stood at 83 million tonnes as of July and is set to increase to 93 million tonnes by end of current financial year.

    (Sourced from BL)

    Till 2006-07, India was a net exporter of steel. However, with the domestic capacity not keeping pace with the demand, the country turned an importer. India remained a net importer of steel during 2010-11. Bit as per the latest data from JPC, during April to June 2011 quarter the gap between imports and exports narrowed down to just 26,000 tonnes per month as against 636,000 tonnes in A-J 2010.

    Under this changing scenario, the whole supply chain starting from a steel mill, international trading house, agents, importers, logistic players are looking to find direction as well as new partners to enhance the prospects of global trade as international steel trade is driven primarily by relations.

    In addition, as worries about the global economy have become more intense over the last few weeks, the outlook for global steel market remains gloomy for balance period of 2011 despite forecast of record crude steel production, thanks to China. After S&P’s downgrading its rating for US, Fitch Ratings affirmed the United States' top notch credit rating at AAA, giving the world's largest economy a reprieve. But the economic picture remains hazy in Europe as PIGS expands to PIGS IF, with crisis deepening in Italy and France. In addition MENA unrest still remains unabated. Despite all this, as far as demand for steel goes, a recession still seems highly unlikely. While a bit of a downturn is seen, many global steel companies are still forecasting strong fourth quarter earnings, despite the fact that the fourth quarter is typically very weak for the industry as a whole.
  7. forum rang 10 voda 28 augustus 2011 16:55
    Chinese steel sector to tap huge potential in special steel market

    According to steel industry 12th five year plan it specifies that special steel should focus on the fields of high speed rail, urban rail transport, marine engineering, offshore oil exploration, shipbuilding, energy saving vehicles, high voltage power grid etc.

    As estimated, the total investment may arrive at CNY 10 trillion in the fields of large aircraft, high speed rail, marine and other high end equipment etc.

    Data shows that about 35 million tonnes of special steel have been produced in 2009 accounting for only 5% of the total output which is much lower than that of developed countries. At present, our country special steel mainly aims at moderate and low end products, for high end special steel accounts for less than 7%, far below the line of 30% in Japan, therefore, the future of China high end special steel is quite prospective.

    High end equipment will become the driving force for the development of special steel. The four biggest special steel groups will benefit the most for they have their special steel technology and orders. Industry analysts suggest focusing on Fushun Special Steel and Taiyuan Stainless Steel.

    The reasons are as follows

    1. The former one is relying on its big shareholder, China Northeast Special Steel Group, and supporting materials for defense and military industry. Its market shares of tool and die steel, gear steel, alloy bearing steel are 40%, 35% and 40% respectively.

    2. The latter one is the domestic leading stainless steel company and has become the greatest steel suppliers with the most completed stainless steel industry chain. Currently, the technology of special silicon steel has made a breakthrough, which means there is a huge potential for future development.

    (Sourced from MySteel.net)
    Visit www.Mysteel.net for real time access to China steel new
  8. forum rang 10 voda 28 augustus 2011 17:03
    ArcelorMittal Temirtau to launch billet caster in October

    It is reported that the largest metallurgical enterprise in Kazakhstan ArcelorMittal Temirtau plans to complete the construction of its new continuous casting billet mill No 1 in September.

    The capacity of the mill will be 1.2 million tonnes of 130mm x 130mm square billets per year. The supplier of the new mill is Italian plant maker Danieli. ArcelorMittal Temirtau plans to start commissioning in October and to produce the first lot of products in November.

    (Sourced from www.steelorbis.com)
    Visit www.steelorbis.com for more
  9. forum rang 10 voda 29 augustus 2011 16:24
    Severstal release its outlook for H1 2011

    In H1 2011, Severstal demonstrated that through its vertically integrated model and focus on high value added and high growth markets it is well placed to deliver strong performance throughout the cycle

    Severstal release said “In Q3 2011, we expect steel prices to stabilize. In Russia, Q3 is traditionally strong due to high levels of activity in the construction sector and the recovery of fixed capital investments. In addition, the delayed start of the construction season in Russia is expected to be fully realized in Q3 2011.”

    It added “In the US, demand remains strong in the automotive and export oriented machinery sectors which coupled with low inventories, create upside potential for prices. As for the export markets, we anticipate seasonal demand revival in the Middle East and East Asia after the removal of seasonal factors including the end of Ramadan and the monsoon season, and further decay of political turmoil’s as well as the end of the holiday season in the US and Europe.”

    It also said “High coking coal and iron ore price levels remain resilient, benefiting vertically integrated producers. Gold prices continue to beat historical highs on the back of economic uncertainties in the developed world.”
  10. forum rang 10 voda 30 augustus 2011 16:14
    Peabody ArcelorMittal and Macarthur board agree for takeover

    Peabody Energy and ArcelorMittal announced that PEAMCoal has agreed to terms with the Macarthur board for a cash takeover of all outstanding shares of Macarthur Coal for AUD 16 per share, valuing the equity in Macarthur at approximately AUD 4.8 billion and all participating members of the Macarthur Board recommend that Macarthur shareholders accept the new PEAMCoal offer.

    Mr Gregory H Boyce chairman & CEO of Peabody Energy said “This is a major step forward in our acquisition process. We are pleased to have Macarthur, Peabody and ArcelorMittal moving forward together to urge shareholders to accept this attractive premium. We now look forward to completing this transaction in a timely manner.”

    Mr Aditya Mittal CFO and Member of the Group Management Board at ArcelorMittal said "Our offer is the only offer before Macarthur shareholders, and we urge them to accept without delay and receive a substantial premium for their investment."

    PEAMCoal and Macarthur have entered into an implementation deed, which is available on PeabodyEnergy.com. The improved offer is subject to limited conditions as set out in section 11.7 of PEAMCoal's replacement bidder's statement dated 15 August 2011, including minimum 50.01% acceptances and final regulatory clearance or expiry of the relevant waiting period.

    The price to be received by Macarthur shareholders of AUD16 per share represents a substantial premium of
    1. 44% to AUD 11.08 per share, the closing price on July 11, the day Peabody and ArcelorMittal's initial approach was disclosed to the market
    2. 48% to AUD 10.82 per share, the one-month volume-weighted average price (VWAP) to July 11
    3. 41% to AUD 11.32 per share, the three month VWAP to July 11
    4. 33% to AUD 12.02 per share, the twelve-month VWAP to July 11

    Macarthur Coal is a leading producer of low volatile PCI metallurgical coal with production and development assets in the Bowen Basin, Australia, including the Coppabella and Moorvale Joint Venture, Middlemount and Codrilla. It holds total coal reserves of 270 million tonnes and total resources of approximately 2.3 billion tonnes.

    Zie ook de Arcelor site:

    www.arcelormittal.com/index.php?lang=...
  11. forum rang 10 voda 1 september 2011 16:20
    Production pruning - ArcelorMittal to shut Fontaine LEveque plant in Belgium

    Bloomberg reported that ArcelorMittal plans to close a steel wire plant at Fontaine L'Eveque in Belgium at the end of 2011.

    ArcelorMittal intends to limit production at several sites and may offer other posts or early retirement to some of the around 60 workers employed at the plant, which makes steel wires and cables used in construction.

    (Sourced from www.bloomberg.net)
  12. forum rang 10 voda 1 september 2011 16:38
    Kobe Steel unit develops new surface treatment process for metal moulds

    Nippon Koshuha Steel, a unit of Kobe Steel, has developed a better surface treatment process for the metal moulds used in the auto industry to press steel sheets.

    The treatment increases the durability of the moulds four to fivefold. This can help automakers boost productivity because they don't need to stop production as often to replace the moulds. Such moulds wear down on the assembly line because of heat and the impact with the steel sheets. The problem has become worse as automakers shift to higher strength steel to reduce weight and increase safety.

    In the new process, the surface of the mould is coated with a film made from a reformulated mixture of titanium and chromium compounds. The film is only 10 microns thick and can be baked at a temperature of only 450°C, more than 500 degrees cooler than required with film coatings used to date.

    The reformulated coating helps the mould better withstand contact with high strength steel, and because it is baked at a lower temperature there is less chance of the mould warping during processing. Several automakers have already decided to use the technology, including Toyota and Hino Motors.

    (Sourced from Nikkei News)
  13. forum rang 10 voda 2 september 2011 15:38
    Race for resources - Chinese companies pay USD 1 billion for CBMM stake

    Xinhua News reported without saying where it got the information that CITIC Group, Baosteel Group Corp and Taiyuan Iron and Steel Co jointly acquired a 15% stake in Brazilian niobium producer CBMM for USD 1.95 billion.

    According to the report the Chinese companies set up a joint venture, China Niobium Investment Holding Co to acquire the CBMM stake. Calls to Taiyuan Steel office in Shanxi province and CITIC Group in Beijing weren’t answered.

    The report follows the purchase of a similar sized stake in the closely held company whose full name is Companhia Brasileira de Metalurgia e Mineracao by a group of Japanese and Korean companies in March. The companies that bought that stake include Posco, South Korea National Pension Service, Nippon Steel Corp, JFE Holdings Inc, Sojitz Corp and Japan Oil, Gas and Metals National Corp.

    (Sourced from Xinhua)
  14. forum rang 10 voda 2 september 2011 15:50
    Global iron ore demand to almost double by 2019 - Rio Tinto

    Rio Tinto said that the world needs at least 100 million tonnes of additional iron ore supply each year for the next eight years to meet demand growth projections in steel making.

    At that rate, global iron ore production would almost double over the period, based on industry trade data largely covered in the early years at least by expansions underway among the major miners, including Rio Tinto.

    Mr David Joyce head of expansion projects for Rio Tinto's iron ore group, told an industry conference in Australia on mining in Africa said that "This represents a staggering increase in demand as markets like, China, India, Indonesia, Vietnam and countries in Africa and South America continue to industrialize and urbanize.”

    Emerging markets comprise 75% of global iron ore demand and 90% of that is Chinese demand.

    Rio Tinto, the world's second largest producer behind Brazil's Vale also said its Simandou iron ore joint venture with China's Chinalco in Guinea was on track to make its first shipment by mid-2015.

    Mr Joyce said that "We remain committed to ambitious timeframes of shipping our first tonnes of iron ore by mid 2015 adding that the company has invested USD 1.5 billion in the project to date.”

    The joint venture targets initial production from the Simandou mine of 70 million tonnes per year, with estimates for potential future output reaching up to 170 million tonnes.

    Mr Joyce also said Rio Tinto was on track to expand its iron ore production capacity in Western Australia to 333 million tonnes a year from about 225 million now.

    Rio Tinto last month moved up it’s the target date to reach the higher figure by six months to the first half of 2015.

    Anglo American expects to nearly double iron ore production to around 80 million tonnes by 2014 as it digs new mines in Brazil and South Africa.

    But that's still well below current production figures for others, including Vale, BHP Billiton and Fortescue Metals Group each of which has massive expansion plans in the works.

    BHP Billiton is proceeding with a USD 7.4 billion expansion of its Western Australia iron ore operations with its own share of the investment totaling USD 6.6 billion.

    (Sourced from Thomson Reuters)
  15. forum rang 10 voda 7 september 2011 21:13
    ArcelorMittal Poland publishes its first Corporate Responsibility Report

    ArcelorMittal Poland has published its first Corporate Responsibility Report. This report offers an interesting insight into the history of the Polish steel industry and focuses on the key achievements made in relation to ArcelorMittal’s corporate responsibility strategy.

    In particular, through investment, modernization and education, the company has made continuous improvements in Health and Safety, reducing the lost time accident frequency rate from 5.9 in 2004 to 1.5 in 2010.

  16. forum rang 10 voda 7 september 2011 21:17
    ArcelorMittal Kryvyi Rih crude steel output in Jan to Aug down by 10pct

    It is reported that in the January to August period of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal totalled 3.637 million tonnes down by 10%YoY.

    In addition, in the first eight months of the year, ArcelorMittal Kriviy Rih registered an 11% decrease YoY in its finished steel output to 3.139 million tonnes.

    During the period in question, coke production at ArcelorMittal Kriviy Rih decreased by 4%YoY to 1.715 million tonnes while its iron ore concentrate output increased by 6%YoY to 6.163 million tonnes.

    (Sourced from SteelOrbis)
    Visit www.steelorbis.com for more
  17. forum rang 10 voda 8 september 2011 20:34
    Downsizing deals - ArcelorMittal Poland may cut jobs - Report

    Polish media has reported that ArcelorMittal Poland may resort to downsizing its work force

    Mr Andrzej Wypych director personnel and board member of ArcelorMittal Poland told hutnictwo.wnp.pl that the work will lose no more than 300 people, certainly not 800.

    He told that trade unionists are concerned that due to the restructuring of employment to work could lose up to 800 people but there is no basis for such fears.

    He explained “In fact, only after restructuring is completed, you can specify the scale of changes in employment rates. But at this stage, I can assure you that the company will leave no more than about 300 people, certainly not the 800.”

    On the other hand Mr J Goinski head of ArcelorMittal Poland Solidarity said that the scale of redundancies will be greater than the claims of management.

    Trade unionists are worried that because of the restructuring of employment work at ArcelorMittal and its subsidiaries may lose up to 800 people.

    (Sourced from hutnictwo.wnp.pl)

  18. forum rang 10 voda 8 september 2011 20:36
    Citigroup analysts upgrade US Steel shares to Buy

    US Steel was upgraded by equities research analysts at Citigroup from a hold rating to a buy rating. They currently have a USD 44.00 price target on the company's shares.

    Separately, analysts at UBS AG initiated coverage on shares of US Steel in a research note to investors on August 11th 2011. They set a buy rating and a USD 38.00 price target on the stock. Also, analysts at Goldman Sachs downgraded shares of US Steel from a buy rating to a neutral rating in a research note to investors on April 27th 2011. They now have a USD 56.00 price target on the stock, down previously from USD 74.00.

    US Steel last announced its quarterly results on July 25th 2011. The company reported USD 1.33 earnings per share for the previous quarter, beating the Thomson Reuters consensus estimate of USD 1.21 EPS by USD 0.12. The company's quarterly revenue was up 9.4% YoY. On average, analysts predict that US Steel will post USD 0.55 EPS next quarter.

    (Sourced from www.localizedusa.com)
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