<SEC-DOCUMENT>0001292814-11-001469.txt : 20110517
<SEC-HEADER>0001292814-11-001469.hdr.sgml : 20110517
<ACCEPTANCE-DATETIME>20110516201210
ACCESSION NUMBER:		0001292814-11-001469
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110630
FILED AS OF DATE:		20110517
DATE AS OF CHANGE:		20110516

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:		11849520

	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>sid20110516_6k3.htm
<DESCRIPTION>PROTOCOL AND JUSTIFICATION OF MERGER
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<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>

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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>

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<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of May, 2011</B></FONT></DIV><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1-14732 </B></FONT></DIV>

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<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>

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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>

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<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>

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<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> 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____ </DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>PROTOCOL AND JUSTIFICATION OF MERGER</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif> (hereinafter referred to as &#8220;Merging Company&#8221; or simply &#8220;CSN&#8221;), a corporation headquartered at Av. Brig. Faria Lima, 3400, 19<SUP>o</SUP> e 20<SUP>o</SUP> andares e 15<SUP>o</SUP> andar - parte, CEP 04538-132, in the City and State of S&#227;o Paulo, corporate taxpayer ID (CNPJ/MF) 33.042.730/0001-04, represented herein by its Bylaws; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>INAL NORDESTE S.A.</FONT></B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif> (hereinafter referred to as &#8220;Merged Company&#8221; or simply &#8220;Inal Nordeste&#8221;), a corporation headquartered at Rua do Alum&#237;nio, s/n<SUP>o</SUP> &#8211; Lotes I a VI, Quadra 2, - P&#243;lo de Apoio - Bairro Ponto Certo &#8211; Cama&#231;ari/BA &#8211; CEP 42.801-170, corporate taxpayer ID (CNPJ/MF) 00.904.638/0001-57, represented herein by its Bylaws;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>resolve, through the duly empowered bodies of their respective Managements to sign this Protocol and Justification of Merger, to clarify the terms, conditions and justifications that will govern the merger of Inal Nordeste into CSN, in accordance with and for the purposes of Law 6,404/76 of December 15, 1976, as amended, particularly for the purposes of Articles 224 and 225 thereof, as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>1 &#8211; JUSTIFICATION OF MERGER</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 10pt 35.45pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>1.1.</FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>Given that the Merging Company is the majority shareholder and parent company of the Merged Company, with an interest of 99.99%, and that the activities performed by both companies are similar, the incorporation of the assets of the Merged Company into the Merging Company will optimize processes and maximize results, concentrating all the commercial, operating and administrative activities of the two companies in a single organizational structure.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 10pt 35.45pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>1.2.</FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>The studies conducted on the performance of the economic activities of both Inal Nordeste and CSN were conclusive regarding the opportuneness of the merger, indicating that the current business phase of both companies recommends the centralization of their activities through the merger of Inal Nordeste into CSN.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 10pt 35.45pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>1.3.</FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>Based on the studies performed, said operation will result in substantial economies of scale due to the immediate reduction of expenses resulting from the consolidation, synergy gains, standardization and rationalization of operating and administrative activities and the related financial effects.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 10pt 35.45pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>1.4.</FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>The suggested merger was carefully examined at meetings of the technical departments, the Managements of the companies involved and their legal </FONT>

<font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">counsels, who did not find any factor leading them not to recommend
the materialization of the merger.</font></P>

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<p style="margin-bottom:10.0pt;margin-left:35.45pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-35.45pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">1.5.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">Therefore,
given (i) the interests of the Merging Company and the Merged Company to combine
permanently in order to, as a single entity, better perform the current business
activities of both companies, allowing for the centralization of activities
under a single Management, and (ii) the economic, financial and strategic
benefits that this combination of the activities of Inal Nordeste and CSN into a single entity will produce,
such as the reduction and streamlining of administrative costs, mainly
managerial costs, the Management bodies of both companies resolved to establish
the conditions for the merger of Inal Nordeste into CSN.</font></p>

<p style="margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">2</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:115%;"> </font></b><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8211; PROTOCOL OF MERGER</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:35.45pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-35.45pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.1.&#160;&#160;&#160;&#160;&#160; The
proposed operation consists of the merger of Inal Nordeste into CSN, with the
dissolution of Inal Nordeste and the transfer of the respective assets to CSN,
which will be its universal successor, in accordance with Article 227 of Law
6,404/76.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.2.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">The
Merging Company holds 99.99% of the capital stock of the Merged Company. As
agreed with the minority shareholders in a contract for sale executed on this
date, they will transfer and assign to the Merging Company, upon the merger,
their total interests in the Merged Company, with the Merging Company becoming
the holder of one hundred percent (100%) of the capital stock of the Merged
Company on the merger date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.3.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">The
shareholders&#8217; equity of Inal Nordeste to be transferred to CSN was appraised by
KPMG Auditores Independentes, headquartered in the City of S&#227;o Paulo, at Rua
Dr. Renato Paes de Barros, 33, corporate taxpayer ID (CNPJ/MF)
57.755.217/0001-29 and originally registered at the S&#227;o Paulo State Regional
Accounting Council under no. 2SP014428/O-6, a specialized appraisal company, whose
appointment will be subject to ratification by the Special Shareholders' Meetings
of Inal Nordeste and CSN. The appraisal will be based on the Special Balance
Sheet prepared drawn up on April 30, 2011 (&#8220;merger reference date&#8221;). Any equity
variations of the Merged Company as of the merger reference date until the merger
date of May 30, 2011, will be assumed by and, as such, booked by the Merging
Company.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.4.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">The
balances of the credit and debit accounts will be transferred to the accounting
books of the Merging Company, with the respective necessary adjustments. All
liabilities to be absorbed by CSN are recorded and the assets, rights and
obligations of the Merged Company comprising the shareholders&#8217; equity to be
transferred to CSN are those described in detail in the valuation report at
their book value.</font></p>


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<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.5.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">Having
been previously informed of their appointment as expert appraisers, subject to
approval by the shareholders of CSN and Inal Nordeste, the aforementioned
experts conducted their studies in advance and prepared the valuation report of
Inal Nordeste, and confirmed that there was no conflict or community of
interests, either real or potential, between the two companies regarding the
merger operation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.6.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">Since
the company to be merged, Inal Nordeste, is an investment of CSN, the Merging
Company, the merger of the shareholders' equity does not entail any increase in
the latter company's capital stock. Furthermore, as all the Merged Company&#8217;s
capital stock will be held by CSN on the merger date, there will be no minority
shareholders and therefore no need to prepare the valuation report at market
prices in order to comply with Article 264 of the Brazilian Corporation Law.
Similarly, the shares comprising the capital stock of Inal Nordeste will be
dissolved, based on Article 226, Paragraph 1 of Law 6,404 of December 15, 1976,
with the necessary adjustments and amendments made in the accounting books of
CSN.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.7.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">The
Merging Company will maintain its headquarters and current branches, and the
Merged Company's headquarters and all its branches were dissolved.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.8.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">The
Merging Company will be the universal successor to all of the Merged Company&#8217;s assets,
rights and obligations, in accordance with Article 227 of Law 6,404/76.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.9.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">Any
legal acts that due to previous commitments for administrative and/or
operational reasons still come to be practiced on behalf of the Merged Company between
the approval of this Protocol and Justification by the shareholders of the companies
signing this document and the registration of the respective corporate
documents at the Board of Trade of the State of S&#227;o Paulo, will be considered valid
for all legal purposes, and all ensuing rights and obligations will be held by
the Merging Company as the successor to the Merged Company, in accordance with
the </font><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">caput&nbsp;</font></i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;"> of Article 227 of Law 6,404/76.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.10.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">Once
approved the merger at the Shareholders' Meetings of CSN and Inal Nordeste, the
Merged Company will be considered dissolved and the Management of the Merging
Company will arrange the dissolution, registration, approval and all other acts
at the appropriate government agencies to complete the operation, in accordance
with Article 227, Paragraph 3 of Law 6,404/76.</font></p>

<p style="margin-bottom:12.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-36.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">2.11.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">The
expenses resulting from the asset valuation will be borne by the Merging
Company.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;">In accordance with the aforementioned Protocol and
Justification, both Companies have a relevant interest in the Merger operation.</font></p>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>In witness whereof, the Parties execute this Protocol and Justification of Merger along with two (2) witnesses, in six (6) counterparts of equal tenor and form to produce all legal effects, binding upon themselves and their heirs and successors by all the terms and conditions thereof.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 18pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif>S&#227;o Paulo, May 12, 2011</FONT></P>

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   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=middle><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0px" width="100%" colSpan=3 align=middle><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>______________________________________________________</FONT><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD width="100%" colSpan=3 align=middle><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>COMPANHIA</FONT></B><B><FONT size=2 face=Calibri-Bold,Arial,Helvetica,sans-serif>&nbsp;</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>SIDER&#218;RGICA</FONT></B><B><FONT size=2 face=Calibri-Bold,Arial,Helvetica,sans-serif>&nbsp;</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>NACIONAL</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>&nbsp;</FONT></B>&nbsp;</TD></TR>

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   <TD width="49%" align=middle><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>En&#233;as</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Garcia</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Diniz</FONT></TD>

   <TD width="2%" align=middle>&nbsp;</TD>

   <TD width="49%" align=middle><FONT size=2 face=Calibri>Jos&#233;&nbsp;Taragano</FONT>&nbsp;</TD></TR>

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   <TD width="49%" align=middle><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Production</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Officer</FONT></TD>

   <TD width="2%" align=middle>&nbsp;</TD>

   <TD width="49%" align=middle><FONT size=2 face=Calibri>Executive&nbsp;Officer&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0px" width="49%" align=middle><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Companhia</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Sider&#250;rgica</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Nacional</FONT></TD>

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   <TD width="49%" align=middle>&nbsp;<FONT size=2 face=Calibri>Companhia&nbsp;Sider&#250;rgica&nbsp;Nacional&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD width="49%" align=left>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=middle><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD width="2%" align=left></TD>

   <TD width="49%" align=middle><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif></FONT></TD></TR>

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   <TD width="49%" align=left></TD>

   <TD width="2%" align=left></TD>

   <TD width="49%" align=middle><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0px" width="100%" colSpan=3 align=middle><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>______________________________________________________</FONT><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD width="100%" colSpan=3 align=middle><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>INAL</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>&nbsp;</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>NORDESTE</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>&nbsp;</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>S.A.</FONT></B><B><FONT size=3 face=Calibri-Bold,Arial,Helvetica,sans-serif>&nbsp;</FONT></B></TD></TR>

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   <TD width="49%" align=middle><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>F&#250;lvio</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Tomaselli</FONT></TD>

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   <TD width="49%" align=middle><FONT size=2 face=Calibri>Eneas&nbsp;Garcia&nbsp;Diniz</FONT></TD></TR>

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   <TD width="49%" align=middle><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Officer</FONT></TD>

   <TD width="2%" align=middle>&nbsp;</TD>

   <TD width="49%" align=middle><FONT size=2 face=Calibri>Executive&nbsp;Officer</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 5px" width="49%" align=left><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=left>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 5px" width="49%" align=left><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=left>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 5px" width="49%" align=left><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>Witnesses:</FONT><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 5px" width="49%" align=left><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>_____________________________</FONT><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT size=3 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=left>&nbsp;<FONT face=Calibri>________________________________</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0px" width="49%" align=left><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Name:</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Aline</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Ribeiro</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>da</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Silva</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>

   <TD width="2%" align=middle><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD width="49%" align=left><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Name:</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Rodrigo</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>M.</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Doreto</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0px" width="49%" align=left><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>Individual</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>taxpayer</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>register</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>(CPF):</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>368.774.858</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif> </FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>82</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT size=2 face=Calibri,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=left><FONT size=2 face=Calibri>Individual&nbsp;taxpayer&nbsp;register&nbsp;(CPF):&nbsp;347.331.618 08</FONT></TD></TR>

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   <TD width="2%" align=left>&nbsp;</TD>

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   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="49%" align=left>&nbsp;</TD></TR></TABLE>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>SIGNATURE </B></FONT></DIV>

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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>

<DIV style="TEXT-INDENT: 4%"><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;May 16, 2011</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><BR></B></FONT></DIV></TD></TR></TABLE></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><BR></B></FONT></DIV></TD></TR></TABLE></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<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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