
A sworker processes steel at Alliance Steel in Gary.
Great Lakes steel production ticked up by 5,000 tons last week but remains depressed by nearly a fifth so far this year, according to the American Iron and Steel Institute.
Steel mills in the Great Lakes region, clustered mainly in Northwest Indiana, made 531,000 tons of metal in the week that ended Oct. 3, up from 526,000 tons the previous week.
Steel production is down by 19.6% for the year, while steel capacity utilization has fallen more than 11 percentage points year over year, largely as a result of the coronavirus pandemic that greatly gutted demand for steel for much of the spring and early summer.
Overall, domestic steel mills in the United States made 1.484 million tons of steel last week, up 0.3% from 1.48 million tons the previous week and down 17.7% as compared to 1.803 million tons the same time a year prior.
Steel demand started plummeting in mid-March when automakers like Ford, General Motors, Honda and other automakers — some of the largest consumers of steel in North America — temporarily ceased production to curb the spread of COVID-19.
It forced Northwest Indiana steel mills to idle operations and temporarily lay off hundreds of workers.
Auto plants across the country have come back online and ramped back up production volume, leading local steel mills to restart blast furnaces at Gary Works, ArcelorMittal Indiana Harbor and ArcelorMittal Burns Harbor. The Region's steel mills have been calling steelworkers back to work.
So far this year, domestic steel mills in the United States have made 59.44 million tons of steel, a 19.6% decrease compared to the 73.9 million tons made during the same period in 2019.Â
U.S. steel mills have run at a capacity utilization rate of 66.2% through Oct. 3, down from 80.3% at the same point in 2019, according to the American Iron and Steel Institute.
Steel capacity utilization nationwide was 66.6% last week, which was up from 66.1% the previous week and down from 77.7% at the same time a year ago.
Steel production in the southern region, a wide geographic swath that encompasses many mini-mills and rivals the Great Lakes region in output, was 575,000 tons last week, down from 590,000 tons the week before. Volume in the rest of the Midwest rose to 168,000 tons, up from 163,000 tons the week prior.
NiSource CEO Joseph Hamrock

NiSource CEO Joseph Hamrock
Total compensation for 2019: $6,628,690
Salary: $1,000,000
Value of stock awards: $4,828,893
Non-equity incentive plan compensation: $720,000
All other compensation: $79,797
Times higher than median pay of NiSource employees: 60
ArcelorMittal CEO Lakshmi Mittal

ArcelorMittal CEO Lakshmi Mittal
Total compensation for 2019: $6.15 million
Base salary in 2019: $1,569,000
Short-term incentives: $3,198,000
Long-term incentives: $1,339,000
Other benefits: $47,000
Lear Corp. CEO Ray Scott

Lear Corp. CEO Ray Scott
Total: compensation for 2019: $13,718,257
Salary: $1,200,000
Value of stock awards: $10,596,388
Non-equity incentive plan compensation: $1,098,000
Change in pension value and deferred compensation earnings: $381,416
All other compensation: $442,453
Times more than the median Lear employee: 1,349
U.S. Steel CEO David Burritt

Total compensation for 2019: $13,318,357
Salary: $1,150,000
Value of stock awards: $8,000,006
Non-equity incentive plan compensation: $3,618,720
All other compensation: $549,631
Times more than the median employee at U.S. Steel: 185
Horizon Bank CEO Craig Dwight

Horizon Bank CEO Craig Dwight
Total compensation: $1,238,256
Salary: $558,900
Value of stock awards: $200,000
Value of option awards: $50,000
Non-equity incentive plan compensation: $363,285
All other compensation: $66,071
Times higher than the median Horizon Bank employee: 31
1st Source CEO Christopher Murphy

1st Source CEO Christopher Murphy
Total compensation for 2019: $1,769,152
Salary: $770,942
Value of stock awards: $235,258
Non-equity incentive plan compensation: $636,109
All other compensation: $126,843
Times higher than the median 1st Source employee: 34
First Merchants CEO Michael Rechin

First Merchants CEO Michael Rechin
Total compensation for 2019: $1,702,540
Salary: $565,120
Value of stock awards: $566,250
Non-equity incentive plan compensation: $322,119
All other compensation: $249,051
Times higher than median employee at First Merchants: 39
Peoples Bank CEO Ben Bochnowski

Peoples Bank CEO Ben Bochnowski:Â $482,632
Salary: $275,671
Stock awards: $44,827
Non-equity incentive plan compensation: $89,654
All other compensation: $72,480
Ford CEO James Hackett

Ford CEO James Hackett
Total compensation for 2019: $17,355,506
Salary: $1,800,000
Value of stock awards: $13,188,269
Non-equity incentive plan compensation: $1,749,600
All other compensation: $617,637
Times more than the median employee at Ford: 157
BP CEO Bernard Looney

BP CEO Bernard Looney
Base salary: $1.7 million in 2020
Total compensation: N/A, started as CEO in February
Sources: AFL-CIO Executive Paywatch, ArcelorMittal and BP remuneration reports, SEC filings
Compiled by Times Staff Writer Joseph S. Pete