<SEC-DOCUMENT>0001292814-15-000484.txt : 20150312
<SEC-HEADER>0001292814-15-000484.hdr.sgml : 20150312
<ACCEPTANCE-DATETIME>20150311193723
ACCESSION NUMBER:		0001292814-15-000484
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150331
FILED AS OF DATE:		20150312
DATE AS OF CHANGE:		20150311

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:		15694111

	BUSINESS ADDRESS:	
		STREET 1:		RUA LAURO MULLER
		STREET 2:		116 36 ANDAR
		CITY:			RIO DE JANEIRO RJ BR
		STATE:			D5
		ZIP:			00000
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>sid20150311_6k.htm
<DESCRIPTION>FORM 6-K
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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 March 11, 2015</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: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT><FONT face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">COMPANHIA SIDER&#218;RGICA NACIONAL </FONT></B></FONT></FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">Publicly-held Company</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">Corporate Taxpayer&#8217;s ID (CNPJ/MF): 33.042.730/0001-04</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">Company Registry (NIRE): 35300396090</FONT></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.4pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">Dear Shareholders,</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.4pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">We present below management&#8217;s proposal which will be submitted to the approval of the Extraordinary Shareholders&#8217; Meeting of March 26, 2015. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.4pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">(i) to approve the amendment of article 5 of the Company&#8217;s Bylaws to reflect the new capital stock, due to the cancellation of shares held in treasury approved by the board of directors:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.4pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">In accordance with article 11 of CVM Instruction 481/2009, Management details below the proposed amendment, the origin and justification of said amendment, as well as analyzes the legal and economic effects of the proposed amendment:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><B><FONT style="FONT-SIZE: 12pt" face="times new roman">Amended article</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><B><FONT style="FONT-SIZE: 12pt" face="times new roman">Justification and analysis</FONT></B></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><B><FONT style="FONT-SIZE: 12pt" face="times new roman">Art. 5&#186; -</FONT></B><FONT style="FONT-SIZE: 12pt" face="times new roman"> The capital stock of the Company, fully subscribed and paid in, is R$4,540,000,000.00 (four billion, five hundred and forty million reais), divided into </FONT><FONT style="FONT-SIZE: 12pt" color=#002060 face="times new roman">1,387,524,047 (one billion, three hundred eighty seven million, five hundred twenty four thousand and forty seven)</FONT><FONT style="FONT-SIZE: 12pt" face="times new roman"> <FONT style="LINE-HEIGHT: 115%" color=red face="times new roman"><STRIKE><FONT lang=EN-US style="FONT-SIZE: 12pt" color=red face="times new roman">1,397,970,108 (one billion, three hundred ninety seven million, five hundred twenty four thousand and forty seven)</FONT></STRIKE></FONT>&nbsp;</FONT><FONT style="FONT-SIZE: 12pt" face="times new roman">common and book-entry shares with no par value.</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><B><FONT style="FONT-SIZE: 12pt" face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 5.05pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT style="FONT-SIZE: 12pt" face="times new roman">This amendment has the purpose of updating the number of shares into which the Company&#8217;s capital stock is divided, in accordance with article 5 of the Bylaws, to reflect the cancellation of 60,000,000 (sixty million) and 10,446,061 (ten million, four hundred forty-six thousand and sixty one) shares, approved respectively on July 18, 2014 and August 19, 2014 by the Company&#8217;s Board of Directors. The proposed amendment will not generate any legal or economic effect.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">The copy of the bylaws including the highlighted suggested amendment is attached herein ("Attachment I").</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">(ii) to approve the consolidation of the Bylaws:</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">Due to the amendment proposed above, we propose the consolidation of the Company&#8217;s Bylaws as per the reading in Attachment I.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: 16pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: 16pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="times new roman">S&#227;o Paulo, March 11, 2015.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: 16pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="times new roman">Management</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: 16pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="times new roman">Companhia Sider&#250;rgica Nacional</FONT></P></DIV>

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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;March 11, 2015</FONT></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;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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