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<SEC-DOCUMENT>0001292814-11-000195.txt : 20110128
<SEC-HEADER>0001292814-11-000195.hdr.sgml : 20110128
<ACCEPTANCE-DATETIME>20110128115144
ACCESSION NUMBER:		0001292814-11-000195
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110331
FILED AS OF DATE:		20110128
DATE AS OF CHANGE:		20110128

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:		11554523

	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>sid20110128_6k.htm
<DESCRIPTION>MINUTES OF THE EXTRAORDINARY SHAREHOLDERS' 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 January, 2011</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>
<DIV align=center></DIV>
<P></P>
<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____
<P></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Publicly-held Company</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID (CNPJ/MF): 33.042.730/0001-04</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Corporate Registry (NIRE): 3330001159-5</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt; LETTER-SPACING: -0.15pt" 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; LINE-HEIGHT: normal" face="Times New Roman,serif">MINUTES OF THE EXTRAORDINARY SHAREHOLDERS&#146; MEETING OF COMPANHIA SIDER&#218;RGICA NACIONAL HELD ON JANUARY 28, 2011 AND DRAWN UP IN SUMMARY FORMAT</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt; LETTER-SPACING: -0.15pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 21.3pt; TEXT-INDENT: -21.3pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp; Date, time and venue:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> Extraordinary Shareholders&#146; Meeting held on January 28, 2011, at 11:00 am, at the Company&#146;s headquarters, at Rua S&#227;o Jos&#233;, 20, grupo 1602, parte, Centro, in the city and state of Rio de Janeiro.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 18.05pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Call Notices:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif" color=black>Call notices were published on January 13, 14 and 17, 2011 in the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif" color=black>Di&#225;rio Oficial do Estado do Rio de Janeiro</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif" color=black>, on pages 6, 5 and 3, respectively, and in </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif" color=black>Valor Econ&#244;mico</FONT></I><FONT lang=EN-US style="F
ONT-SIZE: 12pt" face="Times New Roman,serif" color=black> newspaper, on pages D3, D3 and C3, respectively. Said notices will be filed at the Company&#146;s headquarters.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 18.05pt; 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 18.05pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Attendance:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> Shareholders representing 55.86% of the Company&#146;s voting capital, as evidenced by the signatures in the Shareholders Attendance Book.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 21.3pt; TEXT-INDENT: -21.3pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 18.05pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">4.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Presiding:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> The Board Member Ant&#244;nio Francisco dos Santos chaired the Meeting, as appointed by the Chairman of the Board of Directors, and invited Mrs. Claudia Maria Sarti to act as secretary.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 18.05pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">5.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Agenda:&nbsp; (i)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> to examine, discuss and approve the Protocol and Justification of the Merger by Companhia Sider&#250;rgica Nacional ("CSN") of its subsidiary CSN A&#231;os Longos S.A., inscribed in the corporate roll of taxpayers (CNPJ/MF) under no. 05.023.529/0001-44 (&#147;CSN A&#231;os Longos&#148;); </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">(ii)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> to approve and ratify the hiring of KPMG Auditores Independentes, a specialized company responsible for drawing up the a
ccounting appraisal report of CSN A&#231;os Longos&#146; shareholders&#146; equity, to be transferred to CSN; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">(iii)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> to examine and approve the above-mentioned accounting appraisal report of CSN A&#231;os Longos&#146; shareholders&#146; equity on the reference date of&nbsp; December 31, 2010; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">(iv)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> to discuss and approve the merger of CSN A&#231;os Longos by CSN, pursuant to the terms and conditions established by the above-mentioned Protocol and Justification of Merger; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">(v)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> to grant power to the management of CSN to undertake all the a
cts necessary to implement the merger transaction to be resolved upon in the Shareholders&#146; Meeting referred to herein.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 21.3pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 15pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 18.05pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">6.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Resolutions:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> The following resolutions were taken by shareholders representing 55.86% of the Company&#146;s voting capital:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.55in; TEXT-INDENT: -0.3in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">6.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Authorization for drawing up these minutes in summary format and omitting the signatures of attending shareholders at the time of publication, as allowed by paragraphs 1 and 2, respectively, of article 130 of Law 6,404, as of November 15, 1976 ("Law 6404/76").</FONT></P>
<P style="MARGIN: 0in 0in 0pt 21.3pt; TEXT-INDENT: -21.3pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.55in; TEXT-INDENT: -0.3in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">6.2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Copies of Call Notice publications, Appraisal Reports and Protocol and Justification of the Merger were available at the meeting. Attending shareholders unanimously waived the reading of said notices, as all of them were cognizant thereof.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.55in; 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 0.55in; TEXT-INDENT: -0.3in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">6.3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">By unanimous vote of attending shareholders, being the votes filed at the Company&#146;s headquarters, the following resolutions were taken:</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 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.1.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;Approval, with no restrictions or reservations, the Protocol and Justification of the Merger signed by the representatives of the Company and CSN A&#231;os Longos S.A., headquartered at Rod. </FONT><FONT lang=PT-BR style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>BR 393 - L&#250;cio Meira, KM 5,001, s/n&#186;, parte, Vila Sta. </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>Cec&#237;lia, in the city of Volta Redonda, state of Rio de Janeiro, inscribed in the corporate roll of taxpayers (CNPJ/MF) under no. 05.023.529/00
01-44. Said document, which is attached to these Minutes as Exhibit I, include all conditions and justifications set forth for the merger of CSN A&#231;os Longos by the Company.</FONT></P>
<P style="MARGIN: 0in 0in 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.2.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;Ratification of the hiring of the specialized company KPMG Auditores Independentes, company incorporated in the city of S&#227;o Paulo, at Rua Dr. Renato Paes de Barros, n&#186; 33, inscribed in the corporate roll of taxpayers (CNPJ/MF) under no. 57.755.217/0001-29, originally registered with the S&#227;o Paulo State Regional Accounting Council under no. 2SP014428/O-6, a specialized appraisal company responsible for drawing up the accounting appraisal report of CSN A&#231;os Longos&#146; shareholders&#146; equity.</FONT></P>
<P style="MARGIN: 0in 0in 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.3.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;The above mentioned Appraisal Report was read and approved, having the shareholders fully agreed with all terms and conditions described in said document, which is attached to these Minutes as Exhibit II.</FONT></P>
<P style="MARGIN: 0in 0in 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.4.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;The merger of CSN A&#231;&#245;s Longos S.A. by the Company was approved and the Company&#146;s Management is CSN is authorized to undertake all the acts necessary to make this resolution effective. As a result of the Merger, CSN will succeed CSN A&#231;os Longos to all its rights and obligations, assets and liabilities, and with no interruption in current activities, in accordance with article 227 of Law 6404/76.</FONT></P>
<P style="MARGIN: 0in 0in 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.5.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;To establish that any equity variation existing from the reference date and the Merger effective date will be automatically added to the Company&#146;s shareholders&#146; equity.&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.6.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;As a result of the approved merger, to approve the cancellation of all shares in the capital stock of CSN A&#231;os Longos held by the Company, pursuant to article 226, paragraph 1, of Law &#186; 6,404/76, &nbsp;as set forth in the Protocol and Justification of the Merger previously approved.</FONT></P>
<P style="MARGIN: 0in 0in 12pt 78pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>6.3.7.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="Times New Roman" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 16pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;Considering that CSN is the holder of all the shares of CSN A&#231;os Longos, in accordance with the terms of the Protocol and Justification of the Merger, CSN's capital stock will remain unaltered.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 27pt; TEXT-INDENT: -27pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">7.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Closure: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" 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 reopened and the minutes were read, found in compliance and signed by the Chairman, the Secretary and all attending shareholders.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 27pt; 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 27pt; TEXT-INDENT: -27pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">8.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">Filed Documents:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"> The Call Notice for this Extraordinary Shareholders&#146; Meeting, the Protocol and Justification of the Merger, dated January 12, 2011; and the Appraisal Report, dated January 11, 2011, are filed at the Company&#146;s headquarters</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; LINE-HEIGHT: 15pt" face="Times New Roman,serif">Rio de Janeiro, January 28, 2011.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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=EN-US style="FONT-SIZE: 12pt" 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="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Claudia Maria Sarti</FONT></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">Secretary of the Meeting</FONT></P>
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<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: January 28, 2011</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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<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>
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</B></FONT></DIV></TD></TR></TABLE></DIV>
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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>
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<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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