<SEC-DOCUMENT>0001292814-19-001490.txt : 20190426
<SEC-HEADER>0001292814-19-001490.hdr.sgml : 20190426
<ACCEPTANCE-DATETIME>20190426172620
ACCESSION NUMBER:		0001292814-19-001490
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190426
DATE AS OF CHANGE:		20190426

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:		19772956

	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>sid20190426_6k.htm
<DESCRIPTION>FORM 6-K
<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 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>

<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>

<P></P>

<P></P>

<P></P>

<P></P>

<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" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" 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" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Company Registry (NIRE): 35300396090</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Publicly-held Company</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Early Results of Cash Tender Offers of 2019 Notes and 2020 Notes by CSN Resources S.A.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">S&#227;o Paulo, April 26, 2019 &#8211; Companhia Sider&#250;rgica Nacional </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">CSN</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;) (NYSE: SID)</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">announced today the early results of the previously announced cash tender offers by its subsidiary, CSN Resources S.A. (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">CSN Resources</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;), for:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 42.55pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">(1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any and all of the outstanding 6.875% Senior Unsecured Guaranteed Notes due 2019 (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2019 Notes</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;) (144A CUSIP / ISIN Nos. 12642KAA2 / US12642KAA25 and Reg S CUSIP / ISIN Nos. G2583XAA9 / USG2583XAA93) issued by CSN Islands XI Corp., a finance subsidiary of CSN (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2019 Notes Tender Offer</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;); and </FONT></P>

<P style="MARGIN: 0in 0in 0pt 42.55pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 42.55pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">(2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50% Senior Unsecured Guaranteed Notes due 2020 (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2020 Notes</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221; and, together with the 2019 Notes, the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Notes</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;) (144A CUSIP / ISIN Nos. 12644VAA6 / US12644VAA61 and Reg S CUSIP / ISIN Nos. L21779AA8 / USL21779AA88) issued by CSN Resources in an aggregate principal amount such that the aggregate principal amount of 2020 Notes accepted for purchase does not exceed (A) U.S.$1 billion </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">less </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">(B) the aggregate principal amount of 2019 Notes validly tendered and accepted for purchase pursuant to the 2019 Notes Tender Offer (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2020 Notes Maximum Tender Amount</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;) (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2020 Notes Tender Offer</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221; and, together with the 2019 Notes Tender Offer, the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Tender Offers</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;). </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">The Tender Offers are being made on the terms and are subject to the conditions described in the Offer to Purchase and the related Letter of Transmittal, each dated&nbsp;April 5, 2019, as amended on April 9, 2019.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">The 2019 Notes Tender Offer will expire at 11:59 p.m., New York City time, on May 3, 2019, unless extended by CSN Resources (such time and date, as it may be extended, the &#8220;</FONT><U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2019 Notes Expiration Date</FONT></U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;). As of 5:00 p.m., New York City time, on April 25, 2019 (the &#8220;</FONT><U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2019 Notes Early Tender Date</FONT></U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;), according to D.F. King &amp; Co., Inc., the tender agent and information agent (the &#8220;</FONT><U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Tender Agent and Information Agent</FONT></U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;) for the Tender Offers, tenders were received (and not validly withdrawn) from holders of 2019 Notes representing approximately U.S.$404.4 million in aggregate principal amount of 2019 Notes. Subject to the terms and conditions of the 2019 Notes Tender Offer, holders who validly tendered their 2019 Notes at or prior to the 2019 Notes Early Tender Date are eligible to receive U.S.$1,016&nbsp;for each U.S.$1,000 principal amount of 2019 Notes validly tendered (and not validly withdrawn), which includes an early tender payment equal to U.S.$30, plus accrued interest. Holders of 2019 Notes who validly tender 2019 Notes after the 2019 Notes Early Tender Date but at or prior to the 2019 Notes Expiration Date and whose 2019 Notes are accepted for purchase will be entitled to receive, for each U.S.$1,000&nbsp;principal amount of 2019 Notes accepted for purchase, U.S.$986, plus accrued interest.</FONT></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Pursuant to the terms of the 2019 Notes Tender Offer, CSN Resources has elected to accept for purchase all 2019 Notes validly tendered at or prior to the 2019 Notes Early Tender Date and will pay for such early tendered 2019 Notes on April 29, 2019 (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2019 Notes Initial Settlement Date</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;). </FONT></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">The 2020 Notes Tender Offer will expire at 11:59 p.m., New York City time, on May 3, 2019, unless extended by CSN Resources (such time and date, as it may be extended, the &#8220;</FONT><U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2020 Notes Expiration Date</FONT></U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;). As of 5:00 p.m., New York City time, on April 25, 2019 (the &#8220;</FONT><U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">2020 Notes Early Tender Date</FONT></U><FONT lang=EN-GB style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&#8221;), according to the Tender Agent and Information Agent, tenders were received (and not validly withdrawn) from holders of 2020 Notes representing approximately U.S.$671.6 million in aggregate principal amount of 2020 Notes. Subject to the terms and conditions of the 2020 Notes Tender Offer, including the 2020 Notes Maximum Tender Amount, holders who validly tendered their 2020 Notes at or prior to the 2020 Notes Early Tender Date and whose 2020 Notes are accepted for purchase are eligible to receive U.S.$1,020 for each U.S.$1,000 principal amount of 2020 Notes validly tendered (and not validly withdrawn), which includes an early tender payment equal to U.S.$30, plus accrued interest. Holders of 2020 Notes who validly tender 2020 Notes after the 2020 Notes Early Tender Date but at or prior to the 2020 Notes </FONT>

<font face="times new roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Expiration Date and whose 2020 Notes are accepted for
purchase will be entitled to receive, for each U.S.$1,000 principal amount of
2020 Notes accepted for purchase, U.S.$990.</font></P></DIV>

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<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Subject to the 2020 Notes Maximum Tender Amount, CSN
Resources intends to accept for purchase on a date that is expected to be
within three business days following the 2020 Notes Expiration Date or as
promptly as practicable thereafter all 2020 Notes validly tendered at or prior
to the 2020 Notes Expiration Date (and not validly withdrawn prior to the 2020
Notes Early Tender Date).&nbsp;In such case, holders of 2020 Notes who validly
tender their 2020 Notes at or prior to the 2020 Notes Expiration Date may be
subject to proration (as described in the Offer to Purchase) if the aggregate
principal amount of 2020 Notes validly tendered as of the 2020 Notes Expiration
Date (and not validly withdrawn prior to the 2020 Notes Early Tender Date)
exceeds the 2020 Notes Maximum Tender Amount. There is no &#8220;early settlement
date&#8221; with respect to the 2020 Notes regardless of whether such 2020 Notes were
tendered at or prior to the 2020 Notes Early Tender Date. </font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Withdrawal
rights with respect to each of the Tender Offers expired at 5:00 p.m., New York
City time, on April 25, 2019. Accordingly, Notes tendered (in the past or the
future) in the Tender Offers may no longer be withdrawn, except as required by
applicable law (as determined by CSN Resources). </font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CSN Resources reserves the absolute right to amend
or terminate either or both Tender Offers in its sole discretion, subject to
disclosure and other requirements as required by applicable law. In the event
of termination of a Tender Offer, any applicable Notes tendered and not
accepted for purchase pursuant to the applicable Tender Offer will be promptly
returned to the tendering holders</font><font face="times new roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">.&nbsp;CSN Resources is making the
Tender Offers only in those jurisdictions where it is legal to do so.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CSN
Resources has engaged Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated,
BB Securities Limited, Banco Bradesco BBI S.A., J.P. Morgan Securities LLC,
Morgan Stanley &amp; Co. LLC and Natixis Securities Americas LLC to act as the
dealer managers (the &#8220;</font><u><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Dealer Managers</font></u><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;) in connection with the Tender
Offers. Questions regarding the terms of the Tender Offers may be directed to
Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated by telephone at +1 (888)
292-0070 (U.S. toll free) or +1 (646) 855-8988 (collect), BB Securities Limited
at +44 (207) 367 5800, Banco Bradesco BBI S.A. at +55 (11) 3847-5219, J.P. Morgan
Securities LLC at +1 (866) 846-2874 (U.S. toll free) or +1 (212) 834-7279
(collect), Morgan Stanley &amp; Co. LLC at +1 (800) 624-1808 (U.S. toll free)
or +1 (212) 761-1057 (collect) and Natixis Securities Americas LLC at +1 (212)
698-3049 (collect).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Disclaimer
</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">None
of CSN, CSN Resources, CSN Islands XI Corp., the Dealer Managers, the Tender
and Information Agent, the trustee for the 2019 Notes or the trustee for the
2020 Notes, or any of their respective affiliates, is making any recommendation
as to whether holders should or should not tender any Notes in response to the
Tender Offers or expressing any opinion as to whether the terms of the Tender
Offers are fair to any holder. Holders must make their own decision as to
whether to tender any of their Notes and, if so, the principal amount of Notes
to tender. Please refer to the Offer to Purchase for a description of the offer
terms, conditions, disclaimers and other information applicable to each Tender
Offer.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This
press release is for informational purposes only and does not constitute an
offer to purchase or the solicitation of an offer to sell any securities. Each
Tender Offer is being made solely by means of the Offer to Purchase and the
related Letter of Transmittal. The Tender Offers are not being made to holders
of Notes in any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of such
jurisdiction. In those jurisdictions where the securities, blue sky or other
laws require any tender offer to be made by a licensed broker or dealer, the
Tender Offers will be deemed to be made on behalf of CSN Resources by the
Dealer Managers or one or more registered brokers or dealers licensed under the
laws of such jurisdiction.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This
release may contain forward-looking statements within the meaning of Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, including those related to the
Tender Offers. Forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future, and, accordingly, such results may differ from those expressed in any
forward-looking statements. </font></p>


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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">S&#227;o Paulo, April 26, 2019</FONT></B></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">COMPANHIA SIDER&#218;RGICA NACIONAL</FONT></B></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Marcelo Cunha Ribeiro</FONT></B></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Chief Financial and Investor Relations Officer</FONT></B></P>

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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 26, 2019</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;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>

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<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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