Steel giant Nucor Corporation facing disruptions after cyberattack

A cybersecurity incident on Nucor Corporation's systems, the largest steel producer in the U.S., forced the company to take offline parts of its networks and implement containment measures. The incident caused the company to temporarily suspend production at multiple locations, although the full impact on Nucor’s business remains unclear. Nucor is a major steel producer in the U.S. and scrap recycler in the North America. It is a primary supplier of reinforcing bar that is used extensively in the country’s buildings, bridges, roads, and infrastructure. The company employs more than 32,000 people across numerous mills across the U.S., Mexico, and Canada, and reported a $7.83 billion revenue in the first quarter of the year. The cybersecurity incident was disclosed via an 8-K filing the firm submitted earlier today to the U.S. Securities and Exchange Commission (SEC). “Nucor Corporation recently identified a cybersecurity incident involving unauthorized third party access to certain ... Read full article.