<SEC-DOCUMENT>0001292814-12-001324.txt : 20120510
<SEC-HEADER>0001292814-12-001324.hdr.sgml : 20120510
<ACCEPTANCE-DATETIME>20120510171559
ACCESSION NUMBER:		0001292814-12-001324
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120630
FILED AS OF DATE:		20120510
DATE AS OF CHANGE:		20120510

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:		12831325

	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>sid20120510_6k.htm
<DESCRIPTION>MINUTES OF THE 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>

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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>

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<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of May, 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>

<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>

<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="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=PT-BR face="times new roman">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=PT-BR face="times new roman">Publicly-held Company </FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="times new roman">Corporate Taxpayer&#8217;s ID (CNPJ/MF): 33.042.730/0001-04</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="times new roman">Corporate Registry (NIRE): 35300396090</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=EN-US face="times new roman">MINUTES OF THE COMPANHIA SIDER&#218;RGICA NACIONAL ANNUAL SHAREHOLDERS&#8217; MEETING HELD ON APRIL 27, 2012, AND DRAWN UP IN SUMMARY FORMAT</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 28.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">1.&nbsp;&nbsp;&nbsp; Date, time and venue:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> Annual Shareholders&#8217; Meeting held on April 27, 2012, at 11:00 a.m., at the Company&#8217;s headquarters, located at Av. Brig. Faria Lima n.&#186; 3400, 19&#186; e 20&#186; andar e 15&#186; andar &#8211; parte, in the city and state of S&#227;o Paulo. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 21.3pt"><FONT style="FONT-SIZE: 12pt" lang=PT-BR face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 18.05pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">2.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B><FONT dir=ltr>&nbsp;</FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Call Notices:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> Call notices were published on April 12, 13, and 17, 2012, in the Official Gazette of the State of S&#227;o Paulo on pages 42, 80 and 53, respectively, and in </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Valor Econ&#244;mico </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">newspaper on pages B11, A4 and D6, respectively, which will be filed at the Company&#8217;s headquarters.&nbsp;&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.15pt; MARGIN: 0in 0in 0pt 14.2pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">3.&nbsp;&nbsp;&nbsp; Attendance:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> Shareholders representing more than the majority of the Company&#8217;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&#8217;s Executive Officer, Mr. David Moise Salama. </FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 18.05pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">4.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B><FONT dir=ltr>&nbsp;</FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Presiding: </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Mr. David Moise Salama chaired the meeting and invited Mrs. Claudia Maria Sarti to act as secretary.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.95pt; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">5.</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Agenda: (i) </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">to&nbsp;</FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">appraise the Management&#8217;s Accounts, the Financial Statements and the Management Report related to the fiscal year ended December 31, 2011; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">(ii)&nbsp;</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> to resolve on the allocation of net income for the fiscal year ended on December 31, 2011, allocation of part of earnings reserves to capital increase and payment of dividends, 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">(iii)&nbsp;</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> 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">(iv)&nbsp;</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> to establish the management&#8217;s annual global compensation for 2012</FONT><FONT style="FONT-SIZE: 11.5pt" lang=EN-US color=black face="Times New Roman">.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.&nbsp;&nbsp;&nbsp; Resolutions:</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> The following resolutions were taken by shareholders representing more than the majority of the Company&#8217;s voting capital, with the abstention of those legally prevented from voting, with abstentions registered as the case may be and vote instructions filed at the Company&#8217;s headquarters: </FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face="Times New Roman">Companhia Sider&#250;rgica Nacional</FONT></B></FONT></FONT></B><B><FONT><FONT>&nbsp;</FONT></FONT></B></P></TD></TR>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.1.</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> Approval 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 of December 15, 1976 ("Law 6404/76").<BR><BR></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.2. </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">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&#8217; Report, as all attending shareholders are cognizant thereof.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=PT-BR face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.3. </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Approval, by the majority of attending shareholders, being the abstentions and contrary votes filed at the Company&#8217;s headquarters, with the abstention of those legally prevented from voting, of the Management&#8217;s Accounts, the Financial Statements and the Management Report related to the fiscal year ended December 31, 2011, as released on March 26, 2012 on the websites of the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;) and BM&amp;FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros (&#8220;BM&amp;FBOVESPA&#8221;) and published on April 18, 2012 in the </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Valor Econ&#244;mico</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> newspaper (pages 1 to 17) and in the Official Gazette of the State of S&#227;o Paulo (pages 11 to 27).</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.4. </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Approval, by the majority of attending shareholders, being the contrary vote filed at the Company&#8217;s headquarters, with the abstention of those legally prevented from voting, of the Management&#8217;s Accounts, the allocation of net income for the fiscal year ended on December 31, 2011, the allocation of part of earnings reserves to capital increase and payment of dividends, including the approval of the capital budget for the current fiscal year, in compliance with article 196 of Law 6,404/76, as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.</FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">4.1 &#8211; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">O</FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">ut of the net income for the fiscal year ended on December 31, 2011, at the amount of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">R$3,706,033,124.37, </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(i) </FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">R$926,508,281.09 will be allocated to the payment of dividends, corresponding to a gross amount of R$0.63548 per share; and </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(ii)&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> R$2,779,524,843.28 will be allocated to the Working Capital and Investments Statutory Reserve. As the maximum limit of the legal reserve has already been attained, no amount shall be allocated to such reserve.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.4.2 &#8211; </FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Out of the Unrealized Profit Reserve, at the total amount of R$3,779,355,506.24, </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(i)&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> R$273,491,718.91 will be allocated to payment of dividends, corresponding to a gross amount of R$0.18758 per share; </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(ii)&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> R$646,811,151.04 will be allocated to the Working Capital and Investments Statutory Reserve; and </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(iii)&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> R$2,859,052,636.29 will be allocated to capital increase, with no change in the number of shares.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 42.6pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">In light of above resolutions in items 6.4.1 and 6.4.2, the total amount of dividends to be paid by the Company will be R$1,200,000,000.00, corresponding to a gross amount of R$0.82306 per share, to be paid in Brazilian local currency as of June 29, 2012, with no monetary restatement.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.5. </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Approval, by the majority of attending shareholders, being the abstentions and contrary votes filed at the Company&#8217;s headquarters, of the election of the following members to compose the Company&#8217;s Board of Directors:</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">firstly, pursuant to article 13, paragraph 2 of the Company&#8217;s Bylaws, the shareholder </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Antonio Francisco Dos Santos</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, 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, was re-elected following appointment by CSN Investment Club; followed by the re-election of the shareholders </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Benjamin Steinbruch</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, 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">Jacks Rabinovich</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, 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">Fernando Perrone</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, Brazilian, married, attorney, identity card IFP 2.048.837, enrolled in the individual roll of 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">Yoshiaki Nakano</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, 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">Gilberto Say&#227;o Da Silva</FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, 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 elected Mr. </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Rubens dos Santos, </FONT></B></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Brazilian, married, accounting technician, identity card (RG) 11.686.686 and enrolled in the individual roll of taxpayers (CPF/MF) under no. 007.643.038-49. Thus, the Company&#8217;s Board of Directors comprises Messrs. Antonio Francisco dos Santos, Benjamin Steinbruch, Jacks Rabinovich, Fernando Perrone, Yoshiaki Nakano, Gilberto Say&#227;o da Silva and Rubens dos Santos, all of whom with a term of office until the 2013 Annual General Meeting.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 42.6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.6 </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Approval, by the majority of attending shareholders, being the abstentions and contrary votes filed at the Company&#8217;s headquarters, of the Management&#8217;s annual global compensation at a maximum of R$70,201,717.00.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">7.&nbsp;&nbsp;&nbsp; Closure: </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">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, the Secretary and all attending shareholders.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.3pt; MARGIN: 0in 0in 0pt 21.3pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">8.&nbsp;&nbsp;&nbsp; Documents Filed</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">: The Annual Shareholders&#8217; Meeting Call Notice, the Management Report, the Financial Statements and the Independent Public Accountants&#8217; Report, the Management Proposal, as well as the approved Capital Budget are filed at the Company&#8217;s headquarters.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=PT-BR face="times new roman">S&#227;o Paulo, April 27, 2012.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=PT-BR face="Times New Roman">Claudia Maria Sarti</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face="Times New Roman">Companhia Sider&#250;rgica Nacional</FONT></B></FONT></FONT></B><B><FONT><FONT>&nbsp;</FONT></FONT></B></P></TD></TR>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><BR>SIGNATURE </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 10, 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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