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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8 - K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 5, 1998
NATIONAL STEEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction incorporation)
1-983 25-0687210
(Commission File Number) (IRS Employer Identification No.)
4100 Edison Lakes Parkway, Mishawaka, IN 46545-3440
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 219-273-7000
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ITEM 5. OTHER EVENTS
National Steel Corporation issued a press release on February 5, 1998 announcing
that it has entered into a joint venture with Robinson Steel Co., Inc. A copy of
this press release is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1 Press release dated February 5, 1998.
SIGNATURE
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 hereunto duly authorized.
NATIONAL STEEL CORPORATION
Date: February 18, 1998 By: /s/John A. Maczuzak
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John A. Maczuzak
President and Chief Operating Officer
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Exhibit 99.1
News Release
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Media Contact: Leon L. Judd
(219) 273-7631
Analyst/Investor Contact: Joseph A. Rainis
(219) 273-7158
NATIONAL STEEL ENTERS INTO JOINT
VENTURE WITH ROBINSON STEEL Co., Inc.
Mishawaka, IN, February 5, 1998 -- National Steel Corporation (NYSE: NS) today
announced that it has entered into a joint venture with Robinson Steel Co., Inc.
National and Robinson will form a limited liability company named National
Robinson L.L.C. (the "JV Company")
National and Robinson will each own 50 percent of the JV Company. A new facility
is being considered for the Granite City, Illinois area that would be used by
the JV Company.
The JV Company will produce approximately 200,000 tons annually of RPS product,
which is of extremely high quality, with flatness and dimensional tolerances
that are the highest in the industry. National's Granite City Division will
supply the hot rolled product to the JV Company. Robinson will be responsible
for the day to day operations and provide the necessary labor to perform the
steel processing activities. National Steel will provide all Marketing and Sales
services required of the JV Company.
"This venture brings together the combined strengths of two companies. It is
consistent with our strategies to get closer to our end user customers in order
to improve customer satisfaction and generate more value added products. This
will improve our product mix and enhance profitability," said National Steel
Chairman and Chief Executive Officer Osamu Sawaragi.
Headquartered in Mishawaka, Indiana, National Steel is the nation's fourth
largest integrated steel company, with annual shipments of approximately six
million tons of flat rolled products. National employs approximately 9,400
people. Visit National Steel's website at: www.nationalsteel.com.
