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<SEC-DOCUMENT>0001292814-10-001326.txt : 20100505
<SEC-HEADER>0001292814-10-001326.hdr.sgml : 20100505
<ACCEPTANCE-DATETIME>20100504185544
ACCESSION NUMBER:		0001292814-10-001326
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100630
FILED AS OF DATE:		20100505
DATE AS OF CHANGE:		20100504

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:		10798788

	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>sid20100504_6k1.htm
<DESCRIPTION>MINUTES OF THE ANNUAL SHAREHOLDERS' MEETING
<TEXT>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>FORM 6-K </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Exchange Act of 1934</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<DIV align=center>
<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of May, 2010</B></FONT></DIV>
<P></P>
<FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1-14732 </B></FONT></DIV>
<P></P>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>COMPANHIA SIDER&#218;RGICA NACIONAL </B></FONT></DIV>
<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>National Steel Company </B></FONT></DIV>
<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant's name into English)</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<P></P>
<P></P>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><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 color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">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 size=3 face="Times New Roman, Times, Serif">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____
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<P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=PT-BR face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B></P>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=PT-BR face="Times New Roman,serif">Publicly-held Company</FONT></P>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman,serif">Corporate Taxpayer&#146;s ID (CNPJ/MF): 33.042.730/0001-04</FONT></P>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman,serif">Corporate Registry (NIRE): 3330001159-5</FONT></P>
<P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">MINUTES OF THE ANNUAL SHAREHOLDERS&#146; MEETING OF COMPANHIA SIDER&#218;RGICA NACIONAL HELD ON APRIL 30, 2010 AND DRAWN UP IN SUMMARY FORMAT</FONT></B></P>
<P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0cm 0cm 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">1.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Date, time and venue:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> Annual Shareholders&#146; Meeting held on April 30, 2010, at 11:00 a.m., at the Company&#146;s headquarters, at Rua S&#227;o Jos&#233;, 20, grupo 1602, parte, Centro, in the city of Rio de Janeiro.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0cm 0cm 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">2.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Call Notices:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">Call notices were published on April 15, 16 and 19, 2010 in the </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> on page 18, 40 and 59, respectively, in </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">Valor Econ&#244;mico</FONT></I><FONT style="FONT-S
IZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> newspaper, on page B3, D3 and C3, respectively, said notices to be filed at the Company&#146;s headquarters.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0cm 0cm 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">3.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Attendance:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> Shareholders representing 57.42% of the Company&#146;s voting capital, as evidenced by the signatures in the Shareholders Attendance Book, as well as the representative of KPMG Auditores Independentes, Mrs. Carla Bellangero, and the Company&#146;s Executive Officer, Mr. Paulo Penido Pinto Marques.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0cm 0cm 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">4.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Presiding:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> The Board member Ant&#244;nio Francisco dos Santos chaired the meeting and invited Mr. Marcos Rodrigues Themudo Lessa to act as secretary.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0cm 0cm 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">5.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">Agenda:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">(i)</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> to appraise the management accounts, examine, discuss and vote the Financial Statements and the Management Report for the fiscal year ended December 31, 2009; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">(ii)</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> to resolve o
n the allocation of net income for the fiscal year ended December 31, 2009, payment of dividends and ratification of the payment of interest on equity approved by the Board of Directors in the meeting held on December 17, 2009, including the approval of the capital budget for the current fiscal year, in compliance with article 196 of Law 6,404/76; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">(iii)</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> to elect the members of the Board of Directors; and </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">(iv)</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"> to establish the management&#146;s total annual compensation for 2010.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0cm 0cm 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">6.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Resolutions:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> The following resolutions were taken by shareholders representing 57.42% of the Company&#146;s voting capital, with the abstention of those legally prevented from voting and other duly registered abstentions and the vote instructions filed at the Company&#146;s headquarters:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.1.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Approval for drawing up these minutes in summary format and their publication without the signatures of those attending shareholders, as permitted by paragraphs 1 and 2 of article 130 of Law 6,404 of November 15, 1976 ("Law 6404/76"), respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 39.6pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.2.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Approval, by unanimous vote of attending shareholders, of the waiving of the reading of the Financial Statements, the Management Report and the Independent Public Accountants&#146; Report, as all attending shareholders are cognizant thereof.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 39.6pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.3.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Approval, by the majority of attending shareholders, being the abstentions filed at the Company&#146;s headquarters, with the abstention of those legally prevented from voting, of the Management Accounts, the Financial Statements and the Management Report related to the fiscal year ended December 31, 2009, as released on February 25, 2010 on the websites of the Brazilian Securities and Exchange Commission (&#147;CVM&#148;) and BM&amp;FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros (&#147;BM&amp;FBOVESPA&#148;) and published on March 11, 2010 in the </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Valor Econ&#244;mico </FONT
></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">newspaper</FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> (</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">page A29 to A44) a</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">nd </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">&nbsp;in the </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(page 90 to 108) and made available for shareholders on March 30, 2010, in accordance with the Notice to Shareholders published on March 30, 31, 2010 and on April 1, 2010 &nbsp;in the</FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> Valor Econ&#244;mico </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">n
ewspaper</FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(page C-3, B-15 and C-3, respectively) and on March 31, 2010 and April 5 and 6, 2010 in the </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(page 101, 25 and 41, respectively.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.4.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Approval, by unanimous vote of attending shareholders, of the allocation of net income for the fiscal year ended on December 31, 2009&nbsp; in the amount of R$ R$ 2,568,577,150.28, </FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">adjusted by (a) the addition of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">R$ 269,173.04 and R$ 36,023.62</FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> deriving from dividends and interest on equity assigned, respectively and (b) exchange rate variation in 2008, as provided for in </FONT><FONT styl
e="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">CVM Resolution 624/2010, in the amount of R$ 1,098,604,034.56</FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">deriving from adjustments of Law 11,638/2007</FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, amounting to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">R$3,667,486,381.50 </FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">to be allocated as follows: </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(i)</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> ratify the payment of R$ 320,000,000.00, paid in advance as Interest on Equity, corresponding to the gross amount of R$ 0.43
8967 per share, and except for the immune and exempted shareholders, this amount is subject to a fifteen per cent (15%) withholding income tax, and this rate shall be applied to the shareholders domiciled in the country who do not assess income or assess it at the maximum rate lower than twenty per cent (20%), which in this case, they are subject to a twenty-five per cent (25%) withholding income tax, as provided for by Article 8 of Law 9,779/99; </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(ii) </FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">payment of dividends in the amount of R$1,500,000,000.00, corresponding to the gross amount of R$1.028828 per share to be paid by the Company in Brazilian local currency as of June 25, 2010, with no monetary restatement; </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(iii)</FONT></B><FONT style="LAYO
UT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> allocate R$561,622,434.13 for the constitution of an investment reserve to meet the investments projects covered by the Capital Budget for the current year, approved herein, in compliance with the provisions of article 196 of Law 6,404/76; and </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">(iv)</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif"> constitute a reserve for Earnings to be Recognized over the non-mandatory dividend, in the amount of R$1,285,863,947.37. Considering that the maximum limit of the legal reserve has already been attained, no amount shall be allocated to such reserve.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.5.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Approval, by the majority of attending shareholders, being the abstentions and contrary votes filed at the Company&#146;s headquarters, that the Board of Directors is composed of 7 (seven) members.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.6.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Pursuant to article 13, paragraph 2 of the Company&#146;s Bylaws, the following board members were elected to compose the Company&#146;s Board of Directors:&nbsp; firstly, </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Antonio Francisco dos Santos</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, Brazilian, married, business administrator, identity card IFP 1.307.360, enrolled in the individual roll of taxpayers (CPF/MF) under no. 112.375.706-20, appointed by CSN Investment Club; followed by the re-election of </FONT><FONT style="FONT-VARIANT: small-cap
s"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Benjamin Steinbruch</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, Brazilian, married, industrialist, identity card SSP/SP 3.627.815-4, enrolled in the individual roll of taxpayers (CPF/MF) under no. 618.266.778-87; </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Jacks Rabinovich</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, Brazilian, married, industrialist, identity card SSP/SP 1.179.678, enrolled in the individual roll of taxpayers (CPF/MF) under no. 011.495.638-34; </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Fernando Perrone</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, Brazilian, married, attorney, identity card IFP 2.048.837, enrolled in the individual roll o
f taxpayers (CPF/MF) under no. 181.062.347-20; </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Dion&#237;sio Dias Carneiro Netto</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, Brazilian, legally separated, economist, identity card IFP/RJ 1.887.610, enrolled in the individual roll of taxpayers (CPF/MF) under no. 060.011.061-34; </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Yoshiaki Nakano</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">, Brazilian, married, business administrator, identity card (RG) 5.157.491-3 and enrolled in the individual roll of taxpayers (CPF/MF) under no. 049.414.548-04, and </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Gilberto Say&#227;o da Silva</FONT></B></FONT><FONT style="FONT-SIZE: 12pt"
 lang=EN-US face="Times New Roman,serif">, Brazilian, married, businessman, identity card (IFP/RJ) 04.625.996-6, enrolled in the individual roll of taxpayers (CPF/MF) under no. 016.792.777-90 and enrolled in the individual roll of taxpayers (CPF/MF) under no.&nbsp; 016.792.777-90, all of them domiciled in the city and state of Rio de Janeiro at Rua S&#227;o Jos&#233;, 20, grupo, 1602, 16&#186; andar. Thus, the Company&#146;s Board of Directors comprises Messrs. Antonio Francisco dos Santos, Benjamin Steinbruch, Jacks Rabinovich, Fernando Perrone, Dion&#237;sio Dias Carneiro Netto,&nbsp; Yoshiaki Nakano and Gilberto Say&#227;o da Silva, all of whom with a term of office until the 2011 Annual General Meeting.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.6pt; MARGIN: 0cm 0cm 0pt 39.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">6.7.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Approval, by the majority of attending shareholders, of the Management&#146;s total annual compensation at a maximum of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman,serif">R$60,000,000.00 (sixty million Reais</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">), being the abstentions filed at the Company&#146;s headquarters.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">7.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Closure: </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">There being no further business to be discussed, the meeting was adjourned for the time necessary to draw up these Minutes. The meeting was resumed and these minutes were read, found in compliance and signed by the Chairman and Secretary and all attending shareholders.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">8.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">Documents Filed</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">: The Notice to Shareholders informing that the documents referred to in article 133 of Law 6,404/1976 were available for consultation, the Annual Shareholders&#146; Meeting Call Notice, the Management Report, the Financial Statements and the Independent Public Accountants&#146; Report, as well as the approved Capital Budget are filed at the Company&#146;s headquarters.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">This is a free translation of the original minutes, drawn up in the proper book.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=PT-BR face="Times New Roman,serif">Rio de Janeiro, April 30, 2010.</FONT></P>
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<P style="TEXT-ALIGN: center; LINE-HEIGHT: 14pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">President of the Meeting &#150; Antonio Francisco dos Santos</FONT></P>
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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; LINE-HEIGHT: 14pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman,serif">Secretary of the Meeting &#150; Marcos Rodrigues Themudo Lessa</FONT></H1>
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<DIV style="TEXT-INDENT: 4%"><FONT color=#000000 size=3 face="Times New Roman">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>
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<DIV style="TEXT-INDENT: 4%"><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;May 04, 2010</FONT></DIV>
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<DIV align=left><FONT color=#000000 size=3 face="Times New Roman">COMPANHIA SIDER&#218;RGICA NACIONAL </FONT></DIV></TD></TR>
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<DIV align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></DIV></TD>
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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Benjamin Steinbruch </FONT></DIV>
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<DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Benjamin Steinbruch </B></FONT></DIV>
<DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Chief Executive Officer <BR>
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</B></FONT></DIV></TD>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<P>&nbsp;</P>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<DIV align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></DIV></TD>
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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Paulo Penido Pinto Marques </FONT></DIV>
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<DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Paulo Penido Pinto Marques </B></FONT></DIV>
<DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Chief Financial Officer and Investor Relations Officer<BR>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>
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<P align=justify><FONT size=2 face="Times New Roman, Times, Serif">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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