BSL 0.40% $19.96 bluescope steel limited

The whole company is not in heopardy just the US businesses that...

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    The whole company is not in heopardy just the US businesses that have been derailed by the Cyber attack.

    It is still up in the $10s see the SP at $10.20.

    https://www.cisomag.com/bluescope-cyber-incident/

    Cyberattack on BlueScope Steel Derails Australia Operations



    BlueScope Steel is one of the oldest steel product manufacturers in Australia and has partnerships with the Asian heavyweights of this industry like the Tata conglomerate and Nippon Steel. Their customer base and operations pan across the Pacific Rim from Asia, Australia, New Zealand, right to the west coast of North America. Thus, the cyberattack of any magnitude could have easily derailed its global operations.


    The company’s Chief Financial Officer, Tania Archibald,said, “The cyber incident in BlueScope Steel was detected in one of the company’s U.S. businesses and our team had acted promptly to respond to the incident. In the affected areas the company has reverted to manual operations wherever possible, while it fully assesses the impact and remediates as required, to return to normal operations at the earliest.” Archibald also confirmed that BlueScope’s North Star, Asian, and New Zealand businesses continued as normal with minor disruptions and latencies due to the impact from Australian operations.

    Last edited by JCoure: 21/05/20
 
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