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<SEC-DOCUMENT>0001292814-07-001401.txt : 20070510
<SEC-HEADER>0001292814-07-001401.hdr.sgml : 20070510
<ACCEPTANCE-DATETIME>20070510121508
ACCESSION NUMBER:		0001292814-07-001401
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070630
FILED AS OF DATE:		20070510
DATE AS OF CHANGE:		20070510

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:		07835968

	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>sid20070510_6k.htm
<DESCRIPTION>MATERIAL FACT
<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 May, 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>
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<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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<P align="center">
<B>MATERIAL FACT <br>
</B>COMPANHIA SIDER&Uacute;RGICA NACIONAL<br>
Rua S&#227;o Jos&eacute;, 20, Grupo 1602 <br>
Rio de Janeiro/RJ <br>
Corporate Taxpayer&#146;s ID (CNPJ) 33.042.730/0001 -04 </P>
<P align="center">&nbsp;</P>
<P align="justify">
COMPANHIA SIDER&Uacute;RGICA NACIONAL (&#147;CSN&#148;), providing additional information to the Notice to the Market disclosed on May 9, 2007, in view of the information released by the press on this date, announces
the following: </P>
<P align="justify">
- - The National Treasury filed a tax foreclosure against CSN before the 6<SUP>th</SUP> Tax Foreclosure Federal Court of Rio de Janeiro requiring debit in the amount of R&#36;1,189,155,720.00 referring to IRPJ &#150; Corporate Income Tax, settled by
offset with IPI (excise tax) premium credit. </P>
<P align="justify">
- - To guarantee the foreclosure, CSN offered part of its industrial complex in the amount of R&#36;1,717,938,076.00; however, the National Treasury did not agree and informed that, in view of CSN would resolve at the Annual General Meeting to be held
on April 30, 2007 (&#147;AGO&#148;) on the payment of dividends to its shareholders in the amount of R&#36;685,262,000.00, it required the seizure of this amount and the remaining R&#36;503,893,720.00 would be guaranteed by means of seizure of the
Company&#146;s treasury shares; CSN, in turn, offered the guarantee insurance. </P>
<P align="justify">
- - Mr. Jos&eacute; Eduardo Nobre Matta, Honorable Federal Judge of the 6<SUP>th</SUP> Tax Foreclosure Federal Court accepted the National Treasury&#146;s motion and determined the deposit in court of the amounts corresponding to the dividends, as
well as the seizure of treasury shares. </P>
<P align="justify">
- - Then, CSN requested the entire debit to be guaranteed with treasury shares, and it resolved at the AGO held on April 30, 2007 on the payment of dividends on May 9, 2007. </P>
<P align="justify">
- - The National Treasury requested the online seizure in the amount corresponding to dividends and summoned Ita&uacute; Corretora not to credit any amount to shareholders. </P>
<P align="justify">
- - On May 4, 2007, Mr. Jos&eacute; Eduardo Nobre Matta, Honorable Federal Judge of the 6<SUP>th</SUP> Tax Foreclosure Federal Court of Rio de Janeiro, accepted the National Treasury&#146;s pleading and determined to stop payment by the BACEN JUD 2.0
system of the amount of R&#36;685,262,000.00 and summoned Ita&uacute; Corretora not to pay any dividend to shareholders. </P>
<P align="justify">
- - On this present date, the amount of R&#36;685,262,000.00 is already blocked, and the treasury shares in the amount of R&#36;503,893,720.00 are seized, as demonstrated to Mr. Jos&eacute; Eduardo Nobre Matta, Honorable Federal Judge of the
6<SUP>th</SUP> Federal Court of Rio de Janeiro. </P>
<P align="justify">
- - Mr. Jos&eacute; Eduardo Nobre Matta, Honorable Federal Judge of the 6<SUP>th</SUP> Federal Court of Rio de Janeiro, is examining CSN&#146;s request to release its </P>

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<P align="justify">
other accounts and financial investments, thus, enabling the payment of dividends to its shareholders. </P>
<P align="center">&nbsp;</P>
<P align="center">Rio de Janeiro, May 9, 2007 </P>
<P align="center">
COMPANHIA SIDER&Uacute;RGICA NACIONAL <br>
Benjamin Steinbruch <br>
Investor Relations Officer </P>
<P align="center">
2 </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: May 10, 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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