-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 K5vZE6li23I3ZI0QzzelPCoKvmqZvYB9PKH7szqEy+VU8hFMPqmkweWSFD0vIQwB
 dVkrBVuTfi6KMqaJOd5EZg==

<SEC-DOCUMENT>0000909518-06-001058.txt : 20061116
<SEC-HEADER>0000909518-06-001058.hdr.sgml : 20061116
<ACCEPTANCE-DATETIME>20061116152413
ACCESSION NUMBER:		0000909518-06-001058
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061116
FILED AS OF DATE:		20061116
DATE AS OF CHANGE:		20061116

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:		061222930

	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>mv11-16_6k.txt
<TEXT>
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 --------------

                                    FORM 6-K

                        Report of Foreign Private Issuer
                    Pursuant to Rule 13a-16 or 15d-16 of the
                         Securities Exchange Act of 1934

                         FOR THE MONTH OF NOVEMBER, 2006
                         COMMISSION FILE NUMBER 1-14732

                                 --------------

                         COMPANHIA SIDERURGICA NACIONAL
             (Exact name of registrant as specified in its charter)


                             NATIONAL STEEL COMPANY
                 (Translation of Registrant's name into English)


                    AV. BRIGADEIRO FARIA LIMA 3400, 20 ANDAR
                              SAO PAULO, SP, BRAZIL
                                    04538-132
                     (Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports
                       under cover Form 20-F or Form 40-F.

                      Form 20-F   X            Form 40-F
                                -----                    -----

  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.

                            Yes                 No   X
                                -----              -----

================================================================================
<PAGE>
         On November 16, 2006, Companhia Siderurgica Nacional ("CSN") issued a
press release in Brazil relating to the strategic alliance between CSN and WPC.
Attached hereto as Exhibit A is a translation of CSN's news release in Brazil.
The news release in Exhibit A contains forward-looking statements as discussed
more fully below.

- --------------------------------------------------------------------------------

FORWARD-LOOKING STATEMENTS CAUTIONARY LANGUAGE
- ----------------------------------------------

The information contained in this news release and announcement, other than
historical information, consists of forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act. In particular, statements containing estimates or projections of
future operating or financial performance are not historical facts, and only
represent a belief based on various assumptions, all of which are inherently
uncertain. Forward-looking statements reflect the current views of management
and are subject to a number of risks and uncertainties that could cause actual
results to differ materially from those described in such statements. These
risks and uncertainties include, among others, factors relating to (1) the risk
that the businesses of CSN Holdings and Wheeling-Pittsburgh will not be
integrated successfully or such integration may be more difficult,
time-consuming or costly than expected; (2) the ability of CSN, CSN Holdings and
Wheeling-Pittsburgh to realize the expected benefits from the proposed strategic
alliance, including expected operating efficiencies, synergies, cost savings and
increased productivity, and the timing of realization of any such expected
benefits; (3) lower than expected operating results for Wheeling-Pittsburgh for
the remainder of 2006 or for the strategic alliance; (4) the risk of unexpected
consequences resulting from the strategic alliance; (5) the risk of labor
disputes, including as a result of the proposed strategic alliance or the
failure to reach a satisfactory collective bargaining with the production
employees; (6) the ability of the strategic alliance to operate successfully
within a highly cyclical industry; (7) the extent and timing of the entry of
additional competition in the markets in which the strategic alliance will
operate; (8) the risk of decreasing prices for the strategic alliance's
products; (9) the risk of significant supply shortages and increases in the cost
of raw materials, especially carbon slab supply, and the impact of rising
natural gas prices; (10) rising worldwide transportation costs due to
historically high and volatile oil prices; (11) the ability of the strategic
alliance to complete, and the cost and timing of, capital improvement projects,
including upgrade and expansion of Wheeling-Pittsburgh's hot strip mill and
construction of an additional galvanizing line; (12) increased competition from
substitute materials, such as aluminum; (13) changes in environmental and other
laws and regulations to which the strategic alliance are subject; (14) adverse
changes in interest rates and other financial market conditions; (15) failure of
the convertible financing proposed to be provided by CSN to be converted to
equity; (16) changes in United States trade policy and governmental actions with
respect to imports, particularly with respect to restrictions or tariffs on the
importation of carbons slabs; and (17) political, legal and economic conditions
and developments in the United States and in foreign countries in which the
strategic alliance will operate. There is no guarantee that the expected events,
trends or results will actually occur. The statements are based on many
assumptions and factors, and any changes in such assumptions or factors could
cause actual results to differ materially from current expectations. CSN, CSN
Holdings and Wheeling-Pittsburgh assume no duty to update forward-looking
statements. Reference is made to a more complete discussion of forward-looking
statements and applicable risks contained in CSN's and Wheeling-Pittsburgh's
filings with the SEC.

- --------------------------------------------------------------------------------

                                    SIGNATURE

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.

      Date: November 16, 2006

                                        COMPANHIA SIDERURGICA NACIONAL

                                        By: /s/ Benjamin Steinbruch
                                            ----------------------------------
                                                Benjamin Steinbruch
                                                Chief Executive Officer

                                       2
<PAGE>
                           FORWARD-LOOKING STATEMENTS

         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.

- --------------------------------------------------------------------------------
















                                       3
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>mv11-16_ex99.txt
<TEXT>
                                                                       EXHIBIT A
                                                                      ---------

                                              Rio de Janeiro, November 16, 2006
================================================================================
                                [GRAPHIC OMITTED]
================================================================================

- --------------------------------------     -------------------------------------
| CSN is a leading global steel       |   | CSN's process is based on the      |
| producer with operations in Latin   |   | integrated steelworks concept that |
| America, North America, and Europe. |   | uses the Company's own sources of  |
| The Company is a fully integrated   |   | iron ore, limestone and dolomite.  |
| steel producer, the largest coated  |   | Besides its captive mines, CSN     |
| steel producer in Brazil, with      |   | controls logistics assets -- ports |
| current capacity of 5.6 million tons|   | and railways -- which enable an    |
| of crude steel, 5.1 million tons of |   | extremely cost efficient operation.|
| rolled products and 2.9 million tons|   | This concept allows CSN to         |
| of coated steel capacity. Over 50%  |   | continueously capture important    |
| of CSN's steel products are high    |   | levels of sinergies, thus assuring |
| value added ones. CSN is also the   |   | its position as one of the most    |
| sole tin-plate producer in Brazil   |   | cost competitive steel producers   |
| and the fifth largest producer of   |   | in the world.                      |
| tin plate in the world.             |   |                                    |
- --------------------------------------     -------------------------------------


FOR IMMEDIATE RELEASE
- ---------------------

          CSN NAMES BOARD DESIGNEES FOR POST-MERGER WHEELING-PITTSBURGH
          -------------------------------------------------------------

Companhia Siderurgica Nacional ("CSN") (NYSE: SID) today announced the names of
its designees for the board of the new Wheeling-Pittsburgh, which would be
created after completion of the proposed merger of Wheeling-Pittsburgh
Corporation (NASDAQ: WPSC) with CSN's North American assets.

The Board of Directors of the new Wheeling-Pittsburgh will include a majority of
independent directors. In addition to those independent directors, CSN will
designate three directors, all of whom have extensive operational or management
experience in the steel industry, proven track records in the industry, and the
knowledge necessary to help integrate operations and realize the long term
potential of the combined company.

CSN's board designees are:

MARCOS MARINHO LUTZ, 36, is currently Executive Officer of Infrastructure &
Energy for CSN, which he joined in 2003. Lutz is in charge of the Hydroelectric
Plants, logistics, railways and port terminals, and has directed CSN's US
operations since 2005. Before joining CSN, he served at Ultrapar (NYSE-UGP) for
nine years, and ran the logistics division as COO for the last 2 years. He holds
an MBA from the Kellogg School of Business at Northwestern University in
Evanston, Illinois.

OTAVIO DE GARCIA LAZCANO, 37, was elected CSN's Chief Financial Officer in
August 2006. In that role, Lazcano heads up the Accounting, Treasury, Credit,
Insurance and Investment Departments at the company, which he joined in 1996. He
has performed many functions at CSN, including playing a critical role in
restructuring CSN's debt. Before joining CSN, Lazcano worked at Aracruz, one
of the largest Pulp and Paper companies in the world.

ENEAS GARCIA DINIZ, 46, is Executive Officer of Operations for CSN. Diniz is
responsible for all of CSN's steel operations worldwide. Prior to assuming this
role, he directed the hot end at the Volta Redonda Mill. He joined the company
in 1985. He holds an MBA from an internal program, which is administered by
Fundacao Dom Cabral.

<PAGE>
ABOUT WHEELING-PITTSBURGH
- -------------------------

Wheeling-Pittsburgh was organized as a Delaware corporation on June 27, 1920
under the name Wheeling Steel Corporation. Its headquarters is located in
Wheeling, WV, with major production facilities in the Upper Ohio and Monongahela
valleys. Wheeling-Pittsburgh is a holding company that, together with its
several subsidiaries and joint ventures, produces steel and steel products using
both integrated and electric arc furnace technology. The Company has slab making
production capacity of 2.8 million short tons and hot rolling capacity of 3.4
million short tons. Approximately 65 percent of its sales are comprised of high
value-added products.

ABOUT COMPANHIA SIDERURGICA NACIONAL
- ------------------------------------

CSN is a leading global steel producer with operations in Latin America, North
America, and Europe. CSN is a fully integrated steel producer, the largest
coated steel producer in Brazil, with current capacity of 21.5 million tons of
iron ore, 5.6 million tons of crude steel, 5.1 million tons of rolled products
and 2.9 million tons of coated steel capacity.

CSN's process is based on the integrated steelworks concept that uses its own
sources of iron ore and electrical power supply. In addition, CSN controls
logistics assets - ports and railways - that enable an extremely cost efficient
and reliable loading and unloading of slabs and ore for deep sea vessels. This
integrated steelworks concept allows CSN to be one of the most cost competitive
steel producers in the world.

CSN has had operations in the United States since 2001 through its wholly-owned
subsidiary CSN LLC (formerly known as Heartland Steel) located at Terre Haute,
Indiana. CSN LLC has an annual production capacity of 1 million tons of
cold-rolled, galvanized and hot rolled products.

CSN shares are traded on the New York (NYSE) and Sao Paulo (BOVESPA) stock
exchanges.


CONTACTS
- --------

FOR CSN:
- --------
JOSE MARCOS TREIGER (INVESTORS)
+55-11-3049-7511

FOR WHEELING-PITTSBURGH CORPORATION:
- ------------------------------------
DENNIS HALPIN (INVESTORS)
304-234-2421


CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTS
- --------------------------------------------------------

The information contained in this news release and the investor presentation,
other than historical information, consists of forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act. In particular, statements containing estimates or
projections of future operating or financial performance are not historical
facts, and only represent a belief based on various assumptions, all of which
are inherently uncertain. Forward-looking statements reflect the current views
of management and are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those described in such
statements. These risks and uncertainties include, among others, factors
relating to (1) the risk that the businesses of CSN Holdings Corp. and
Wheeling-Pittsburgh will not be integrated successfully or such integration may
be more difficult, time-consuming or costly than expected; (2) the ability of
CSN, CSN Holdings Corp. and Wheeling-Pittsburgh to realize the expected benefits
from the proposed strategic alliance, including expected operating efficiencies,
synergies, cost savings and increased productivity, and the timing of
realization of any such expected benefits; (3) lower than expected operating
results for Wheeling-Pittsburgh for the remainder of 2006 or for the strategic
alliance; (4) the risk of unexpected consequences resulting from the strategic
alliance; (5) the risk of labor disputes, including as a result of the proposed
strategic alliance or the failure to reach a satisfactory collective bargaining
with the production employees; (6) the ability of the strategic alliance to
operate successfully within a highly cyclical industry; (7) the extent and
timing of the entry of additional competition in the markets in which the
strategic alliance will operate; (8) the risk of decreasing prices for the
strategic alliance's products; (9) the risk of significant supply shortages and
increases in the cost of raw materials, especially carbon slab supply, and the
impact of rising natural gas prices; (10) rising worldwide transportation costs
due to historically high and volatile oil prices; (11) the ability of the
strategic alliance to complete, and the cost and timing of, capital improvement
projects, including upgrade and expansion of Wheeling-Pittsburgh's hot strip
mill and construction of an additional galvanizing line; (12) increased
competition from substitute materials, such as aluminum; (13) changes in
environmental and other laws and regulations to which the strategic alliance are
subject; (14) adverse changes in interest rates and other financial market
conditions; (15) failure of the convertible financing proposed to be provided by
CSN to be converted to equity; (16) changes in United States trade policy and
governmental actions with respect to imports, particularly with respect to
restrictions or tariffs on the importation of carbons slabs; and (17) political,
legal and economic conditions and developments in the United States and in
foreign countries in which the strategic alliance will operate. There is no
guarantee that the expected events, trends or results will actually occur. The
statements are based on many assumptions and factors, and any changes in such
assumptions or factors could cause actual results to differ materially from
current expectations. CSN, CSN Holdings Corp. and Wheeling-Pittsburgh assume no
duty to update forward-looking statements. Reference is made to a more complete
discussion of forward-looking statements and applicable risks contained in CSN's
and Wheeling-Pittsburgh's filings with the SEC.

================================================================================
                               [GRAPHIC OMITTED]
================================================================================
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
