<SEC-DOCUMENT>0001292814-12-000235.txt : 20120206
<SEC-HEADER>0001292814-12-000235.hdr.sgml : 20120206
<ACCEPTANCE-DATETIME>20120206082412
ACCESSION NUMBER:		0001292814-12-000235
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120331
FILED AS OF DATE:		20120206
DATE AS OF CHANGE:		20120206

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:		12572053

	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>sid20120206_6k.htm
<DESCRIPTION>EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY
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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 align=center><FONT color=#000000 size=5 face="Times New Roman"><B>FORM 6-K </B></FONT></DIV>

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<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 February, 2012</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>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<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="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9.5pt" lang=PT-BR face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS MEETING OF COMPANHIA SIDER&#218;RGICA NACIONAL, HELD ON JANUARY 27, 2012, DRAWN UP IN SUMMARY FORMAT.</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Corporate Registry (NIRE): </FONT><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face="Times New Roman">35300396090&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Corporate Taxpayers&#8217; ID (CNPJ): 33.042.730/0001-04</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">January 27, 2012.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">05:00 p.m. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face="Times New Roman">3</FONT></B><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face="Times New Roman">Venue:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face="Times New Roman">Av. </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Brigadeiro Faria Lima, n&#186; 3400 &#8211; 20&#186; andar, in the city and state of S&#227;o Paulo.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attendance:</FONT></B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; Benjamin Steinbruch (Chairman</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">), Jacks Rabinovich, Fernando Perrone, Antonio Francisco dos Santos and Yoshiaki Nakano</FONT><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">&#8211; Board Members; and </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Claudia Maria Sarti </FONT><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">&#8211;&nbsp; General Secretary for the Board of Directors. The meeting was held through a conference call.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agenda:&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Board of Directors (&#8220;Board&#8221;), in compliance with the provisions of article 19, item XVI of the Bylaws, approved by unanimous vote of attending members, </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(i)&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">the acquisition, through </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">its wholly owned subsidiary CSN Steel S.L. (&#8220;CSN Steel&#8221;), of all the shares (&#8220;Shares) of the Spanish companies </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a) Dankerena Guip&#250;zcoa, S.L. (&#8220;Dankerena&#8221;) and Grupo Alfonso Gallardo Th&#252;ringen, S.L.U. (&#8220;Th&#252;ringen&#8221;), holding companies that together hold 100% of the capital stock of the German company Stahlwerk Th&#252;ringen GmbH (&#8220;SWT&#8221;), a manufacturer of long steel located in Unterwellenborn, Germany, specialized in the production of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">steel profiles with installed production capacity of 1.1 million tonnes per year; (b) </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gallardo Sections S.L.U. (&#8220;Gallardo Sections&#8221;), a trader of SWT&#8217;s products, all of them held by Grupo Alfonso Gallardo, S.L.U. (&#8220;Grupo AG&#8221;). The total amount of the transaction was EUR482.5 million, under the assumption of zero indebtedness. </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(ii)&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">the Company to sign a comfort letter (Sponsorship Letter) in behalf of the companies of the AG Group that act as sellers of the Shares, doing everything that is possible to ensure that CSN Steel complies with the obligations resulting from its agreement with the AG Group; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(iii)&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">the Company to contract a loan through CSN Steel with the following main features: (a) Total amount: EUR 120,000,000.00; (b) Lenders: Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Banco Espa&#241;ol de Cr&#233;dito, S.A., Bankia, S.A., Banco Popular Espa&#241;ol, S.A., Banco Caixa Geral, S.A., Caixa Banco de Investimento, S.A. Sucursal Financeira Exterior and Caixabank, S.A.; (c) Loan term: Up to eight years; (d) Allocation of funds: Partial financing of the acquisition mentioned in item (i) above and payment of the commissions agreed upon such financing; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(iv)&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">the provision of a guarantee by the Company in behalf of the Lenders to ensure that CSN Steel complies with its obligations resulting from the loan mentioned in item (iii) above; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=PT-BR face="Times New Roman">(v)&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=PT-BR face="Times New Roman"></FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">the appointment of Messrs. En&#233;as Garcia Diniz, Marcelo Martins da Fonseca and M&#225;rio Henrique Melillo as Managing Directors and Messrs. Jos&#233; Maria Lopes da Silva, Edgard Torres dos Reis Filho, Ubirat&#227; Teixeira de Lima and Ant&#237;dia Juncal dos Santos Ribeiro as members of the Supervisory Board of SWT and Messrs. En&#233;as Garcia Diniz, Marcelo Martins da Fonseca and M&#225;rio Henrique Melillo as Managing Directors of Gallardo Sections, Dankerena and Th&#252;ringen. The Company&#8217;s Executive Management is authorized to negotiate all the terms and perform all the acts necessary for the implementation of above-mentioned resolutions, as well as, in accordance with the provisions of the Bylaws, to sign all contracts, share transfer instruments and any other documents necessary or related to the acquisition, contracting of credit lines and guarantees approved hereby, as well as, to take all necessary measures before the proper authorities both in Brazil and Germany. Having no further business to be discussed, the meeting was closed and these minutes were drawn up, read, agreed and signed by all attending members. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">This is a free translation of the original minutes filed at the Company&#8217;s headquarters.</FONT></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" lang=EN-US color=black face="Times New Roman">Claudia Maria Sarti</FONT></H2>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">General Secretary for the Board of Directors</FONT></H3>

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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;February 06, 2012</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=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;David Moise Salama </FONT></DIV>

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>David Moise Salama </B></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Investor Relations Executive 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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