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<SEC-DOCUMENT>0001292814-07-001278.txt : 20070501
<SEC-HEADER>0001292814-07-001278.hdr.sgml : 20070501
<ACCEPTANCE-DATETIME>20070430182403
ACCESSION NUMBER:		0001292814-07-001278
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070630
FILED AS OF DATE:		20070501
DATE AS OF CHANGE:		20070430

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:		07802485

	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>sid20070430_6k.htm
<DESCRIPTION>NOTICE TO SHAREHOLDERS
<TEXT>
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<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>
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<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 April, 2007</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>
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<A name="page_1"></A>

<P align="center">
  <font size="2"><B>COMPANHIA SIDER&Uacute;RGICA NACIONAL <br>
  </B>CORPORATE TAXPAYER&#146;S ID (CNPJ) 33.042.730/0001 -04 <br>
CORPORATE REGISTRY ID (NIRE) 33.3.001.159 5 <br>
  </font></P>
<P align="center">
  <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOTICE TO SHAREHOLDERS <br>
PAYMENT OF INTEREST ON SHARE CAPITAL<br>
AND DIVIDENDS</B> </font></P>
<P align="justify">
In view of Companhia Sider&uacute;rgica Nacional&#146;s Shareholders at the Annual General Meeting held on 4/30/2007 approved the payment of <B>(i) </B>one hundred, seventy-four million, four hundred twenty-eight thousand, three hundred and
sixty-three reais (R&#36;174,428,363.00), as interest on share capital; and <B>(ii)</B> five hundred, ten million, eight hundred, thirty-three thousand, seven hundred, sixty-nine reais and nineteen centavos (R&#36;510,833,769.19), as dividends, we
announce to Shareholders the following: </P>
<P align="justify">
<B>1. Interest on Share Capital and Income Tax:</B> the Shareholders registered at the Trustee as of 4/30/2007 are entitled to receive Interest on Share Capital in the gross amount of R&#36;0.680060<B> </B>per share, and except for the immune and
exempt shareholders, this amount is subject to a fifteen per cent (15%) withholding income tax, except for the application of this rate to the shareholders domiciled in country which does not levy income or levy it at a maximum rate lower than
twenty per cent (20%), in which case, are subject to a twenty-five per cent (25%) withholding income tax, pursuant to provision in article 8 of Law 9,779/99. Taking into account a 15% rate, the amount paid, net of income tax shall be R&#36;0.578051
per share. The immune or exempt entities, pursuant to articles 12 and 15 of Law 9,532/97, supported by legal process or court decision, determining the non-withholding and non-payment of said tax, specifically concerning the payment of interest on
share capital, shall submit again to CSN, up to May 4, 2007: (i) a copy thereof certified at the respective District Court Registry Office, as well as an updated certificate of purpose and status of the respective legal process; and (ii) a letter
addressed to CSN, in which they expressly assume the commitment to: (a) inform within 24 hours of acknowledgment, eventual amendment or annulment of said process or decision; and (b) reimburse CSN the tax and other charges to be eventually required,
as a result of said payment, within three (3) business days as from CSN&#146;s notification. The supplementary private pension entities, insurance companies and FAPI (Individual and Scheduled Fund and Retirement), as well as life insurance
containing survival coverage clause, as from January 1, 2005, are exempted from withholding and of separate payment of Income Tax levied on income and gains earned in their use of resources from provisions, technical reserves and benefit plans
funds, pursuant to article 5, <I>caput</I> and sole paragraph of Law 11,053/04, and these up to May 4, 2007, shall submit a letter addressed to CSN, in which they expressly declare and assume (a) that resources used fit into the terms of said legal
rule; (b) that they will immediately inform in writing, should resources used no longer fit into the terms of said legal rule; (c) that will reimburse the tax and other charges to be eventually required by CSN, lack of withholding of said tax,
within three (3) business days as from CSN&#146;s notification. </P>

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

<P align="justify">
<B>2. Dividends:</B> The Shareholders registered at the trustee as of 4/30/2007 are entitled to receive dividends at the ratio of R&#36;1.991634<B> </B>per share. </P>
<P align="justify">
<B>3. Instructions as to Credit of Interest and Dividends:</B> The Shareholders will have interest and dividends amounts available as from 5/9/2007, not including monetary restatement, at their bank addresses, such as those provided to the trustee,
Ita&uacute; Corretora de Valores S.A. The Shareholders, users of fiduciary custodies will have their interest and dividends credited as per procedures adopted by Stock Exchanges. The Shareholders, whose records do not mention the individual
taxpayer&#146;s register (CPF)/corporate taxpayer&#146;s ID (CNPJ) or indication of &#147;Bank/Branch/Checking account&#148;, will have their interest and dividends credited within three (3) business days, as from the due regularization of
respective records at the branches of Banco Ita&uacute; S.A., or by means of letter addressed to the Superintend&ecirc;ncia de Servi&ccedil;os a Acionistas (Shareholders Service Superintendence) of Ita&uacute; Corretora de Valores S.A., located at
Rua Boa Vista, 185 &#150; 6&ordm; andar &#150; S&atilde;o Paulo &#150; SP &#150; CEP: 01092-900. </P>
<P align="justify">
<B>4. Service Locations:</B> At the branches of Banco Ita&uacute; S.A., Shareholders service section, at banking hours. </P>
<P align="center">
Rio de Janeiro, April 30, 2007. </P>
<P align="center">
Benjamin Steinbruch </P>
<P align="center">
________________________________________<BR> Investor Relations Executive Officer </P>

<H5 align="left" style="page-break-before:always"></H5>
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<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: April 30, 2007</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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