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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 26, 1999 (July 22, 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 issued a press release on July 22, 1999 announcing
that they have reached tentative agreement with the United Steelworkers of
America (USWA) on a new five-year 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 July 22, 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 26, 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 REACHES TENTATIVE AGREEMENT WITH USWA
Mishawaka, IN, and Pittsburgh, PA, July 22, 1999 National Steel Corporation
(NYSE: NS) and the United Steelworkers of America (USWA) today jointly
announced that they have reached tentative agreement on a new five-year Basic
Labor Agreement. The existing Basic Labor Agreement expires July 31, 1999.
Details of the tentative agreement are being withheld, pending approval by
National Steel's Board of Directors, the USWA's Basic Steel Industry Conference
Advisory Board, the USWA's executive board and ratification by the covered
membership.
The USWA represents about 6,900 employees at National's two integrated steel
mills, a finishing plant, an iron ore mine and its corporate headquarters.
National's facilities are located in Indiana, Illinois, Michigan and Minnesota.
"We are pleased that we were able to reach an agreement, thereby avoiding any
disruption of our operations. This tentative agreement is in the best interests
of both the company and its employees, as well as our customers, suppliers,
shareholders and the communities in which we have plants and offices," said Mr.
Yutaka Tanaka, Chairman and Chief Executive Officer of 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.
