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UNITED STATES
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): July 1, 1999 (June 30, 1999)
NATIONAL STEEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of 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 (NYSE: NS) and the United Steelworkers of America
(USWA) issued a press release on June 30, 1999 announcing that they began formal
collective bargaining talks on June 18, 1999 for a new Basic Labor Agreement. 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 June 30, 1999.
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: July 1, 1999 By: /s/ Glenn H. Gage
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Glenn H. Gage
Senior Vice President and Chief Financial Officer
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Exhibit 99.1
News Release
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Media Contact: Clarence Ehlers
(219) 273-7327
Analyst/Investor Contact: Joseph A. Rainis
(219) 273-7158
NATIONAL STEEL AND USWA ANNOUNCE TALKS
Mishawaka, IN, and Pittsburgh, PA, June 30, 1999 - National Steel Corporation
(NYSE: NS) and the United Steelworkers of America (USWA) today jointly announced
that they began formal collective bargaining talks on June 18 for a new Basic
Labor Agreement. The existing Basic Labor Agreement expires July 31, 1999.
Talks to date have centered primarily on local plant issues; however, certain
top level discussions have taken place. "It is anticipated that with the recent
announcement of a tentative agreement between U.S. Steel, Bethlehem Steel and
the United Steelworkers of America, the discussions between National and the
USWA may be expedited," said Leon Judd, Chief Negotiator for National Steel
Corporation.
"We are pleased that a tentative agreement has been reached between U.S. Steel,
Bethlehem Steel and the United Steelworkers of America. We are confident that
with this lead settlement being established and our progress to date, we should
be able to wrap this up quickly," said Harry Lester, Chairman of the Negotiating
Committee for the United Steelworkers of America with National Steel
Corporation.
Headquartered in Mishawaka, Indiana, National Steel Corporation is the nation's
fourth largest integrated steel company, with annual shipments of approximately
six million tons of flat-rolled products. National Steel employs approximately
9,200 employees. Visit National Steel's website at: www.nationalsteel.com.
