<SEC-DOCUMENT>0001292814-19-001196.txt : 20190408
<SEC-HEADER>0001292814-19-001196.hdr.sgml : 20190408
<ACCEPTANCE-DATETIME>20190408115419
ACCESSION NUMBER:		0001292814-19-001196
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190408
DATE AS OF CHANGE:		20190408

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:		19736877

	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
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<FILENAME>sid20190408_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 April, 2019</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: justify; MARGIN: 4.5pt 4.9pt 0pt 5.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS&#8217; MEETING OF COMPANHIA SIDER&#218;RGICA NACIONAL, HELD ON</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.8pt" face="Times New Roman"> AUGUST </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">29, 2018.</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt" face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 10.85pt 165.15pt 0pt 5.05pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Corporate Taxpayer (CNPJ/MF) No.: &nbsp;33.042.730/0001-04 State Registry No.: 35300396090<BR>&nbsp;</FONT></P>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><STRONG>1.</STRONG></P></TD>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><STRONG>Date: </STRONG>August 29, 2018.</P></TD></TR>

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   <P style="MARGIN-BOTTOM: 5pt" align=center><STRONG>2.&nbsp;</STRONG></P></TD>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><STRONG>Time: </STRONG><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">6:30 p.m.</FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 5pt" align=center><STRONG>3.</STRONG></P></TD>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><STRONG>Venue: </STRONG>Av. Brigadeiro Faria Lima, n&#186; 3400 &#8211; 20&#186; andar, S&#227;o Paulo &#8211;<FONT lang=PT-BR style="FONT-SIZE: 12pt; LETTER-SPACING: -0.15pt" face="Times New Roman"> </FONT><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman">SP</FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 5pt" align=center><STRONG>4.</STRONG></P></TD>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><STRONG>Call Notice: </STRONG>The call notice was sent pursuant to Article 15, Paragraph 5, of the Company&#8217;s Bylaws and all members of the Board of Directors attended the meeting.</P></TD></TR>

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   <P style="MARGIN-BOTTOM: 5pt" align=center><STRONG>5.</STRONG></P></TD>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><STRONG>Attendance: </STRONG>Benjamin Steinbruch, L&#233;o Steinbruch, Yoshiaki Nakano, Fabiam Franklin and Antonio Bernardo Vieira Maia &#8211; Board Members; Claudia Maria Sarti &#8211; General Secretary of the Board of Directors, with the meeting taking place pursuant to Article 15, Paragraph 2, of the Company&#8217;s Bylaws.</P></TD></TR>

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   <P style="MARGIN-BOTTOM: 5pt" align=center><STRONG>6.</STRONG></P></TD>

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   <P style="MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><STRONG>Agenda: Dividend distribution &#8211; </STRONG>The Board of Directors (&#8220;<U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Board</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&#8221;)</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.75pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">met in order to analyze the information and clarifications provided by the Executive Board regarding the supervening block of distribution of dividends (as declared at a meeting held on August 17), determined by an unexpected decision by 10th Federal Court of S&#227;o Paulo ("</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Decision</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">").</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.6pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Mr. Benjamin, assisted by Mr. Marcelo Ribeiro, the Finance and Investor Relations Officer, and Ricardo Cavallo, the Legal Officer, presented the clarifications on the tax execution and Decision, which caught the Company by surprise as the tax execution is duly guaranteed by the Company&#8217;s assets, already previously accepted by the court as a lien. He also recalled that the distribution of dividends was a condition for the rescheduling of the Company's debts ("</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Debt</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">"). He clarified that all possible alternatives were discussed with the law firms that advise CSN and according to all opinions, the cancelling dividends represented the lowest risk for the Company. Thus, this meeting was called on an emergency basis to decide the best action to be taken. The Executive Board presented to the members of the Board of Directors: (i) all facts and procedures that culminated in the legal blocking of the distribution of dividends; (ii) all measures taken by the Company to avoid such blocking (particularly the judicial challenge of the tax credit and the adequate court guarantee); and (iii) the impacts caused by the cancelation of the dividend distribution. The Executive Board clarified all the questions made by the Board members. Subsequently, the Board of Directors unanimously decided to cancel the dividend distribution that had been approved at a meeting held on August 17, and the Executive Board will take the necessary measures to ensure that undistributed resources are used, as much as possible, for the amortization of Debt, since the Decision jeopardizes the conclusion of rescheduling of maturity. The Executive Board will keep the market informed on the non-distribution of dividends and will continue to evaluate all measures to preserve the Company and its shareholders&#8217; best interests. The Board will be updated on the developments of this resolution.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN-LEFT: 5pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"><FONT style="FONT-FAMILY: Times New Roman">There being no further matters to discuss, the meeting was adjourned, and these minutes were written-up, read, approved and signed by the attending members.</FONT></FONT></P>

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

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=center><I><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">This is a free English translation of the original minutes filed at the Company&#8217;s headquarters.</FONT></I></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 125.35pt 0pt 120.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 125.4pt 0pt 120.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Claudia Maria Sarti</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 125.4pt 0pt 120.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">General Secretary of the Board of Directors</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;April 8, 2019</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;Marcelo Cunha Ribeiro </FONT></DIV>

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Marcelo Cunha Ribeiro </B></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Chief Financial 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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