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<SEC-DOCUMENT>0001292814-10-001383.txt : 20100507
<SEC-HEADER>0001292814-10-001383.hdr.sgml : 20100507
<ACCEPTANCE-DATETIME>20100507135642
ACCESSION NUMBER:		0001292814-10-001383
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100630
FILED AS OF DATE:		20100507
DATE AS OF CHANGE:		20100507

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:		10811555

	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>sid20100507_6k1.htm
<DESCRIPTION>EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS MEETING
<TEXT>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=5><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><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 face="Times New Roman" color=#000000 size=5><B>FORM 6-K </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3>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" color=#000000 size=3>Securities Exchange Act of 1934</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center>
<DIV><FONT face="Times New Roman" color=#000000 size=3><B>For the month of May, 2010</B></FONT></DIV>
<P></P>
<FONT face="Times New Roman" color=#000000 size=3><B>Commission File Number 1-14732 </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 face="Times New Roman" color=#000000 size=5><B>COMPANHIA SIDER&#218;RGICA NACIONAL </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>(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 face="Times New Roman" color=#000000 size=5><B>National Steel Company </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>(Translation of Registrant's name into English)</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><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" color=#000000 size=2>(Address of principal executive office)</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3>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____
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<P style="MARGIN: 0in 0pt 0in 0in; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS MEETING OF COMPANHIA SIDER&#218;RGICA NACIONAL, HELD ON MAY 6, 2010, DRAWN UP IN SUMMARY FORMAT.</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Corporate Registry (NIRE): 33300011595</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; May 6, 2010.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05:00 p.m.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 35.45pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venue:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Av. </FONT><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Brigadeiro Faria Lima, n&#186; 3400 &#150; 20&#186; andar, </FONT></P>
<P style="MARGIN: 0in 0pt 0pt 35.45pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">in the city and state of S&#227;o Paulo</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Attendance:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> &nbsp; Benjamin Steinbruch, Antonio Francisco dos Santos, Yoshiaki Nakano, Dion&#237;sio Dias Carneiro, Gilberto Say&#227;o da Silva, Fernando Perrone (Board Members) and Marcos Rodrigues Themudo Lessa (Secretary of the Meeting). Some of the board members attended the meeting through conference call</FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agenda: 5.1 &#150; Company&#146;s Share Buyback Program - </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">The Board of Directors (&#147;Board&#148;) unanimously approved a new Share Buyback Program. Acquired shares will be held in treasury for subsequent sale or cancellation, in accordance with the provisions of article 3 of CVM Instruction 10/80, via transactions on Stock Exchange, using the following brokers: Ita&#250; Corretora de Valores S.A., located at Av. </FONT><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Engenheiro Armando de Arruda Pereira, 707 -15&#186; andar- in the city of S&#227;o Paulo, UBS Pactual Corretora de Mercadorias Ltda., located at Av. </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Brigadeiro Faria Lima, 3729 &#150; 10&#186; 
andar &#150; in the city of S&#227;o Paulo, and Ita&#250; USA Securities Inc., located at 540 Madison Avenue - 23rd Floor- in New York city. The program is limited to the acquisition of up to 28,874,810 shares issued by the Company. The effective period for the acquisition of shares starts on May 7, 2010 and ends on June 8, 2010, inclusively. The shares acquisition price shall not exceed their market price at the stock exchange. Pursuant to article 5 of CVM Instruction 10, of February 14, 1980, the company&#146;s free float is 812,639,230 shares. The Company&#146;s purpose is to maximize the creation of value to shareholders by means of an efficient capital structure management and the follow-up of market volatility. The Board of Directors entrust the Board of Executive Officers to implement the resolution taken herein, including the establishment of the most convenient date to start the share buyback program approved herein.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 35.4pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">This is a free translation of the original minutes filed at the Company&#146;s headquarters.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Marcos Rodrigues Themudo Lessa</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Secretary of the Meeting</FONT></P>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>SIGNATURE </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV style="TEXT-INDENT: 4%"><FONT face="Times New Roman" color=#000000 size=3>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 face="Times New Roman" color=#000000 size=3>Date: May 07, 2010</FONT></DIV>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=3>COMPANHIA SIDER&#218;RGICA NACIONAL </FONT></DIV></TD></TR>
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     <TD width="50%" colSpan=2 height=16></TD></TR>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>By:</FONT></DIV></TD>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>/<SMALL>S</SMALL>/&nbsp;Benjamin Steinbruch </FONT></DIV>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Benjamin Steinbruch </B></FONT></DIV>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Chief Executive Officer <BR>
<BR>
</B></FONT></DIV></TD></TR></TABLE></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P>&nbsp;</P>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>By:</FONT></DIV></TD>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>/<SMALL>S</SMALL>/&nbsp;Paulo Penido Pinto Marques </FONT></DIV>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Paulo Penido Pinto Marques </B></FONT></DIV>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Chief Financial Officer and Investor Relations Officer<BR>
<BR>
</B></FONT></DIV></TD></TR></TABLE></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P>&nbsp;</P>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><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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