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<SEC-DOCUMENT>0001292814-06-002118.txt : 20060809
<SEC-HEADER>0001292814-06-002118.hdr.sgml : 20060809
<ACCEPTANCE-DATETIME>20060809065126
ACCESSION NUMBER:		0001292814-06-002118
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060930
FILED AS OF DATE:		20060809
DATE AS OF CHANGE:		20060809

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:		061015016

	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>sid20060809_6k1.htm
<DESCRIPTION>EXCERPT OF THE MINUTES OF ORDINARY MEETING
<TEXT>
<html><head><title>Provided By MZ Data Products</title>
</head>
<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="right">
<IMG src="logo_csn.gif" width="160" height="51" border=0></P>
<P>
<B>EXCERPT OF THE MINUTES OF ORDINARY MEETING OF THE BOARD OF DIRECTORS OF COMPANHIA SIDER&Uacute;RGICA NACIONAL, HELD ON AUGUST 08, 2006, DRAWN UP IN SUMMARIZED FORMAT. </B></P>
<P>
NIRE: 33300011595 </P>
<P>
<B>1.</B> <B>Date:</B>  August 08, 2006. </P>
<P>
<B>2. Time:</B>  2 p.m.. </P>
<P>
<B>3. Place: </B>Av. Brigadeiro Faria Lima, n&ordm; 3400 &#150; 20<SUP>th</SUP> floor. </P>
<P>
<B>4. Attendees: </B>Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Dion&iacute;sio Dias Carneiro Netto, Fernando Perrone, Darc Antonio da Luz Costa, Mauro Molchansky, Yoshiaki Nakano and Claudia Maria Sarti
(Secretary of the Meeting). </P>
<P>
<B>6.</B><B> </B><B>Agenda: 6.1 &#150; Reelection of Chairman and Vice-Chairman of Board of Directors &#150; </B>The Board of Directors approved in accordance with the provisions of Article 13, paragraph 1&ordm;, of the Company&#146;s Bylaws, the Board Member <B>BENJAMIN STEINBRUCH </B>and <B>JACKS RABINOVICH </B>as Chairman and vice-chairman, respectively;<B>
6.2 &#150; Election of Executive Officer</B> <B>&#150; </B>The Board of Directors approved, by unanimous vote of the presents, in accordance with Article 17, item III of the Company&#146;s Bylaws, the election of Mr. OT&Aacute;VIO DE GARCIA LAZCANO,
Brazilian, married, economist, ID # 07.354.194 -8 IFP/RJ, and individual taxpayer&#146;s # 002.035.707 -90, with corporate address at Av. Brig. Faria Lima n&ordm; 3400, 20<SUP>th</SUP> floor, in the City of  S&atilde;o Paulo, State of S&atilde;o
Paulo, for Executive Officer, responsible for financial department, with 2-year term, starting at this date. Resulting from Mr. Ot&aacute;vio&#146;s election, Mr. Benjamin Steinbruch, Chief Executive Officer, is dismissed from its attributions in
the financial department; <B>6.3 &#150; Reelection of the members of Audit Committee &#150; </B>The<B> </B>Board of Directors, in accordance with Article 29, of the Company&#146;s Bylaws, unanimously, appointed the members Yoshiaki Nakano, Dion&iacute;sio Dias Carneiro Netto
e Fernando Perrone for another term as members of the Audit Committee, up to the General Shareholders&#146; meeting in which financial statements for the period ended at December, 31<SUP>st</SUP> 2006 will be approved, extending the term up to the
appointment of their successors ; <B>6.9 &#150; Cement Project </B>&#150; The Board of Directors unanimously approved the revision of the Project Cement, encompassing the set up of grinding mill with 3 million tonnes capacity, in Volta Redonda/RJ,
and clinker furnace, with 825,000 tonnes capacity, in Argos/MG, therefore revising the total investments to USD 185 million. The allocation of these investments is subject to the appropriate funding conditions. The Board of Directors authorizes the
Executive Directory to take all required measures to carry out the investments herein approved; <B>6.10 Long-steel Project</B> - The Board of Directors unanimously approved investments totaling USD 113 million to set up rebar, wire-rod, and profile
mills, with 500,000 tonnes capacity, located in Volta Redonda. The project is expected to last 18 months starting on the contracting date. These investments are subject to the appropriate funding conditions. The Board of Directors authorizes the
Executive Officer to take all required measures to carry out investments herein approved; <B>6.18 &#150; Conselheiro Lafaiete Branch&#146;s Write-off</B> <B>- </B>The Board of Directors unanimously approved the closing of the branch located at Av.
Monsenhor Moreira, 555, in Conselheiro Lafaiete &#150; MG &#150; corporate taxpayers&#146; number 33.042.730/0009 -61. The Executive Officer is authorized to take all required measures to carry out the decision herein taken with the appropriate
authorities; <B>6.20 &#150; General Subjects</B> <B>&#150; 6.20.1</B> &#150; The Board of Directors rectified the minutes of the meeting held on August, 3<SUP>rd</SUP> 2006, to define August, 10<SUP>th</SUP> 2006 as the beginning date for dividends
payment in the amount of R$ 333,000,000.00 instead of August, 9<SUP>th</SUP> as stated in that minutes.<B> </B></P>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_2"></A>

<P>
I certify that the decisions herein drawn up are accurate copy of the original minutes filed in the Company&#146;s headquarters. </P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align="center">
COMPANHIA SIDER&Uacute;RGICA NACIONAL <br>
</P>
<P align="center">
Claudia Maria Sarti <br>
Secretary of the Board of Directors&#146; Meeting <B> </B></P>
<p Style='page-break-before:always'>

<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 09, 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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