Summary of Non-Employee Director Compensation

Executive Compensation Plan Agreement

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Title: Summary of Non-Employee Director Compensation
Date: 2/28/2005
Industry: Iron and Steel

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Exhibit 10.20

Summary of Non-Employee Director Compensation

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Annual Retainer $60,000

Directors are encouraged to consider

acquiring more than minimum 25% of

fee in stock required under

Non-Employee Director Stock

Compensation Plan

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Meeting Fee $1,500

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Committee Meeting Fee $1,000

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Chair Annual Retainer F

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