Steel Mills
Stelco Operations Hit by Cyberattack
Written by Sandy Williams
October 26, 2020
A cybersecurity attack at Canadian steel producer Stelco is a reminder to all in the steel industry to secure and protect their data and operations.
Stelco announced Monday that it was the victim of a criminal attack on its information systems. Immediate countermeasures were implemented that limited the scope of the attack, but certain operations, including steel production, were temporarily paused as a precautionary measure. Operations have since resumed.
“Stelco’s team, in conjunction with industry-leading cybersecurity specialists and other advisors, continues to investigate the incident and extent of the impact on its systems,” said the company in a press release. “Stelco is implementing its back-up and recovery plans to fully re-establish its systems as quickly as possible, and some business functions may be adversely affected during this recovery process.”
Cyberattacks have become increasing prevalent at large and small businesses and organizations. A ransomware attack in March shut down EVRAZ NA information systems across the U.S. and Canada, resulting in the temporary layoff of employees and disruption to freight flows.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Algoma fires up EAF steelmaking with first arc
Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.
Nucor holds HR list price at $910/ton
Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.