<SEC-DOCUMENT>0001292814-22-000163.txt : 20220120
<SEC-HEADER>0001292814-22-000163.hdr.sgml : 20220120
<ACCEPTANCE-DATETIME>20220120160812
ACCESSION NUMBER:		0001292814-22-000163
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220120
DATE AS OF CHANGE:		20220120

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:		22542398

	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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<DESCRIPTION>6-K
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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 December, 2021</B></FONT></DIV><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1-14732 </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>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>

<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>

<P></P>


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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 8pt; text-align: center"></P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center"><B>COMPANHIA SIDER&Uacute;RGICA NACIONAL </B></P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center"><B>Publicly-Held Company </B></P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">Corporate Taxpayer&rsquo;s ID (CNPJ/MF): 33.042.730/0001-04</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">Company Registry (NIRE): 35-3.0039609.0</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center"><B>MATERIAL FACT </B></P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">Companhia Sider&uacute;rgica Nacional (&ldquo;CSN&rdquo; or &ldquo;Company&rdquo;)
hereby announces to its shareholders and the market in general projections adjustments, as follow:</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(i)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Achieving a leverage projection, measured by the indicator Net Debt/Adjusted
EBITDA, of below 1.00x in the end of the balance sheet of 2021.</B></FONT></TD></TR>
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  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(ii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Projection of maintaining the same indicator of Net Debt/Adjusted EBITDA
bellow 1.00x in the end of the finance balance sheet of 2022.</B></FONT></TD></TR>
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<TD STYLE="width: 4%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 12pt"><B>(iii)</B></FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Maintenance of the Net Debt projection of approximately R$ 15 billion
at the end of the annual balance sheet in 2021.</B></FONT></TD></TR></TABLE>

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  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(iv)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Projection of production volume and purchases of third-party ores from
36-37Mton in 2021 and of 39-41Mton in 2022.</B></FONT></TD></TR>
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<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(v)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Mining cash cost projection of approximately $19/ton in 2021 and $18/ton
in 2022.</B></FONT></TD></TR>
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  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(vi)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Capex projection of mining expansion of approximately R$ 560 million
in 2021 and approximately R$ 12 billion in the period 202-2026, related to phase 1 of the project&sup1; of capacity addition. </B></FONT></TD></TR>
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  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(vii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Projection of steel sales volume of 5,158kton in 2021 and 5,104kton in
2022.</B></FONT></TD></TR>
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  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(viii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt"></FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Steel Capex projection of approximately R$1 billion in 2021 and of R$6.3
billion between the years 2022-2026.</B></FONT></TD></TR>
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  <TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Arial,sans-serif"><B>(ix)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;</FONT></B></TD>
  <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Consolidated CAPEX projection of R$ 2.8 billion in 2021 and R$4.1 billion
in 2022.</B></FONT></TD></TR>
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<P STYLE="font: 11pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">These projections will be included, as applicable, in section 11
of the Company&rsquo;s Reference Form and will be available on the website of the CVM (http://www.cvm.gov.br/) and the Company (http://ri.csn.com.br/)
within the legal term.</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">CSN points out that the information disclosed in this document
represents an estimate and involves market factors beyond CSN&rsquo;s control. Therefore, it does not constitute a promise of performance
by the Company and/or its Management and may be subject to change.</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">S&atilde;o Paulo, December 08, 2021.</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">Marcelo Cunha Ribeiro</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: center">Chief Financial and Investor Relations Officer</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 8pt; text-align: center"></P>



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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

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<DIV ALIGN="CENTER"><FONT color=#000000 size=3 face="Times New Roman">SIGNATURE </FONT></DIV>

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

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

<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;December 9, 2021</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>

<P>&nbsp;</P>

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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;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>

<DIV>&nbsp;</DIV>

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<P>&nbsp;</P>

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

<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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