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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001292814-06-002066.txt : 20060804
<SEC-HEADER>0001292814-06-002066.hdr.sgml : 20060804
<ACCEPTANCE-DATETIME>20060803192423
ACCESSION NUMBER:		0001292814-06-002066
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060930
FILED AS OF DATE:		20060804
DATE AS OF CHANGE:		20060803

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL STEEL CO
		CENTRAL INDEX KEY:			0001049659
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14732
		FILM NUMBER:		061003452

	BUSINESS ADDRESS:	
		STREET 1:		RUA LAURO MULLER
		STREET 2:		116 36 ANDAR
		CITY:			RIO DE JANEIRO RJ BR
		STATE:			D5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sid20060803_6k1.htm
<DESCRIPTION>PAYMENT OF DIVIDENDS
<TEXT>
<html><head><title>Provided By MZ Data Products</title>
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<BODY bgColor=#ffffff style="font-family:'Times New Roman, Times, serif'; font-size:12px; text-align:justify">

<HR SIZE="4" NOSHADE COLOR="#000000" ALIGN="left"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION
</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, D.C. 20549
</B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR align=center NOSHADE WIDTH="21%" COLOR="#000000"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>FORM 6-K </B></FONT></DIV> <DIV><FONT
SIZE="1">&nbsp;</FONT></DIV>  <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"
COLOR="#000000">Report of Foreign Private Issuer<BR>Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV> <DIV
ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">Securities Exchange Act of 1934</FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center">
  <div><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>


For the month of August, 2006</B></FONT></DIV>
  <p></p><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>


Commission File Number 1-14732


</B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR align=center NOSHADE WIDTH="21%" COLOR="#000000"><DIV><FONT
SIZE="1">&nbsp;</FONT></DIV>

<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>


COMPANHIA SIDER&#218;RGICA NACIONAL


</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Exact name of registrant
as specified in its charter) </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
</DIV><P></P><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>


National Steel Company


</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Translation of Registrant's
name into English)</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<P></P><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>


Av. Brigadeiro Faria Lima 3400, 20&#186; andar<BR>
S&#227;o Paulo, SP, Brazil<BR>
04538-132




</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Address of principal
executive office)</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<P><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">
Indicate by check mark whether the registrant files or will file annual reports<BR>under
cover Form 20-F or Form 40-F.&nbsp;</FONT><P></P>
         Form 20-F ___X___         Form 40-F _______
<P>&nbsp;<FONT FACE="Times New Roman, Times, Serif" SIZE=3>Indicate by check mark
whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934. </FONT>&nbsp;</P>
         Yes _______               No ___X____
<p></p>
</DIV>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_1"></A>

<P align="center">
<B>COMPANHIA SIDER&Uacute;RGICA NACIONAL </B><BR>
CNPJ n&ordm; 33.042.730/0001 -04 <BR>
NIRE 33300011595 <br>
<BR>
<B>NOTICE TO SHAREHOLDERS </B><br>
<BR>
<B>PAYMENT OF DIVIDENDS</B><BR>
</P>
<P>
Considering that the Board of Directors of Companhia Sider&uacute;rgica Nacional, according to Article 31 of the Company&#146;s Bylaws and according to Article 204 and its first and second paragraphs of Law # 6,404/76, approved on this date the
payment of dividends referring to revenue reserve &#150; investment, in the amount of R&#36;333,000,000.00, corresponding to the payment of R&#36;1.293638 per free-float share, excluding 14,654,500 voting shares held in treasury on this date and not
subject to withholding income tax &#150; IRRF, according to applicable legislation, we inform the shareholders that: </P>
<P>
1. Dividends will be available for shareholders domiciled in Brazil starting on August 09, 2006, without monetary adjustments, in their respective banks, according to data provided to the depositary bank, Ita&uacute; Corretora de Valores S.A </P>
<P>
2. Shareholders with fiduciary custodies will have their dividends credited in accordance to the procedures adopted by Stock Exchange.</P>
<P>
3. Shareholders with no taxpayers registry number (CPF/CNPJ) or with no &#147;Bank/Branch/Account Number&#148; registered will have their dividends credited within three (3) business days as of the regularization of their respective data in Banco Ita&uacute; S.A. branches, or through letter addressed to
&#147;Superintend&ecirc;ncia de Servi&ccedil;os a Acionistas da Ita&uacute; Corretora de Valores S.A.&#148;, located at Rua Boa Vista, 185 &#150; 6<SUP>th</SUP> floor &#150; S&atilde;o Paulo &#150; SP &#150; CEP: 01092-900.</P>
<P>
<B>Shareholders services sites: Banco Ita&uacute; S.A. branches, with shareholders services departments, during banking hours</B>. </P>
<P>
The amount to be paid will be calculated and credited based in the positions of shareholders domiciled in Brazil as of August 3, 2006, and are considered an anticipated payment of the minimum mandatory dividend. </P>
<P>
We point out that, as of  August 4, 2006, the trading prices of these shares in the Brazilian Stock Exchanges will be ex-dividend</P>
<P align="center">
Rio de Janeiro, August 3, 2006. <br>
<BR>
Companhia Sider&uacute;rgica Nacional <BR>
Benjamin Steinbruch <BR>
Investor Relations Executive Officer <BR>
</P>

<H5 align="left" style="page-break-before:always"></H5>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left"><p><FONT SIZE="1">&nbsp;</FONT></p>

<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>SIGNATURE </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="3"COLOR="#000000">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on
its behalf by the undersigned, thereunto duly authorized. </FONT></DIV>
<p></p>
<DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">


Date: August 03, 2006</FONT></DIV>
<p></p> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0">



<TR>
<TD VALIGN="top" COLSPAN="3" WIDTH="50%"> <DIV align=left><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">


COMPANHIA SIDER&#218;RGICA NACIONAL


</FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="16"> </TD> </TR>
<TR>
<TD VALIGN="top" WIDTH="5%"> <DIV align=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></DIV> </TD>
<TD VALIGN="bottom" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000">/<SMALL>S</SMALL>/&nbsp;Benjamin Steinbruch </FONT></DIV>
  <HR NOSHADE SIZE=1 COLOR="#000000" ALIGN="left"></TD> </TR>
<TR>
<TD> <FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" WIDTH="43%"> <DIV ALIGN=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>


Benjamin Steinbruch



</B></FONT></DIV>  <DIV ALIGN=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>


 Chief Executive Officer and

       <br>
Acting Chief Financial Officer       <br>
</B></FONT></DIV>  </TD> </TR>
 </TABLE> </DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<P>&nbsp;</P>
<P></P>

<DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"
COLOR="#000000"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
This press release may contain forward-looking statements.
These statements are statements that are not historical facts, and are based on
management's current view and estimates of future economic circumstances,
industry conditions, company performance and financial results. The words "anticipates", "believes",
"estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended
to identify forward-looking statements. Statements regarding the declaration or payment of dividends,
the implementation of principal operating and financing strategies and capital
expenditure plans, the direction of future operations and the
factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking
statements. Such statements reflect the current views of management and are subject to a
number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually
occur. The
statements are based on many assumptions and factors, including general economic and market conditions,
industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual
results to differ materially from current expectations.
 </FONT></P>


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