<SEC-DOCUMENT>0001292814-12-001464.txt : 20120525
<SEC-HEADER>0001292814-12-001464.hdr.sgml : 20120525
<ACCEPTANCE-DATETIME>20120525162216
ACCESSION NUMBER:		0001292814-12-001464
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120630
FILED AS OF DATE:		20120525
DATE AS OF CHANGE:		20120525

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:		12871528

	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>sid20120525_6k.htm
<DESCRIPTION>EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS' 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>

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

<DIV align=center>

<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>

<DIV align=center></DIV>

<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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<IMG border=0 src="logo.jpg">&nbsp;</FONT><FONT face=arial,sans-serif>&nbsp;</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0cm 0cm"><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS&#8217; MEETING OF COMPANHIA SIDER&#218;RGICA NACIONAL HELD ON MAY 10, 2012, DRAWN UP IN SUMMARY FORMAT. </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0cm 0cm"><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<H4 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0cm 0cm"><FONT style="FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Publicly-held Company</FONT></H4>

<H4 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0cm 0cm"><FONT style="FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Company Registry (NIRE): 35300396090</FONT></H4>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm"><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">1.</FONT></B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">Date:&nbsp;</FONT></B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;May 10, 2012</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm"><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time:</FONT></B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2:30 p.m.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm"><B><FONT style="FONT-SIZE: 11.5pt" lang=PT-BR face="Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venue:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><FONT style="FONT-SIZE: 11.5pt" lang=PT-BR face="Times New Roman">Av. Brigadeiro Faria Lima, n&#186; 3400 &#8211; 20&#186; andar.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm"><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; Benjamin Steinbruch, Antonio Francisco dos Santos, Fernando Perrone and Rubens dos Santos &#8211; Board Members and Cl&#225;udia Maria Sarti &#8211; General Secretary of the Board of Directors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0cm 0cm"><B><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face="Times New Roman"><BR>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matters Discussed:</FONT></B><FONT style="FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman"> </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.1 &#8211; Capital Stock Increase </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">&#8211; In light of the resolution approved at the Annual Shareholders&#8217; Meeting held on April 27, 2012, which allocated </FONT><FONT style="FONT-SIZE: 12.5pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">R$2,859,052,636.29 </FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">from the Unrealized Profit Reserve to capital stock increase, the Board, pursuant to the provisions of article 19, item VIII of the Bylaws, unanimously approved the increase of the Company&#8217;s capital stock, through the capitalization of part of the unrealized profit reserve, in the amount of </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">R$ 2,859,052,636.29, without issuing new shares. After the capitalization, the Company&#8217;s capital stock will increase from R$ 1,680,947,363.71 to R$ 4,540,000,000.00, maintaining the current equity interest of each shareholder, proceeding with the consequent amendment to article 5 of the Bylaws, which will be submitted to the approval of the next Extraordinary Shareholders&#8217; Meeting. </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.2 &#8211; Appointment</FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Chairman and Vice Chairman of the Board of Directors &#8211; </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">The Board of Directors, pursuant to the provisions of article 14, paragraph 1, of the Company&#8217;s Bylaws, appointed the board members Messrs. Benjamin Steinbruch and Jacks Rabinovich as Chairman and Vice Chairman of the Company&#8217;s Board of Directors, respectively; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">6.3 &#8211;Election of Audit Committee members &#8211; </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">The Board, pursuant to the provisions of article 29 of the Bylaws, unanimously reelected the board members Yoshiaki Nakano and Fernando Perrone for a new term of office as members of the Audit Committee, and ratified the appointment, made on April 27, 2012, of Mr. Antonio Francisco dos Santos as member of the Audit Committee. The term of office of the Audit Committee members will be effective until the Annual Shareholders&#8217; Meeting to be held in 2013, being extendable until the investiture of their successors. </FONT></P>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11.5pt" lang=PT-BR face="Times New Roman">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11.5pt" lang=PT-BR face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11.5pt" lang=PT-BR face="Times New Roman"></FONT>&nbsp;</P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" 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: 11.5pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">General Secretary of the Board of Directors</FONT></H3>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">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 25, 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>

   <TD vAlign=bottom width="45%" align=center>

   <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>&nbsp;</DIV></TD></TR>

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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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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
