NATIONAL STEEL CORP
8-K, 1999-05-12
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
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<PAGE>
 
                                 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):  May 12, 1999 (May 11, 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
<PAGE>
 
ITEM 5.  OTHER EVENTS


National Steel Corporation issued a press release on May 11, 1999 announcing a
common stock dividend. 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 May 11, 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:  May 12, 1999            By:  /s/Glenn H. Gage
                                    --------------------------------------------
                                    Glenn H. Gage
                               Senior Vice President and Chief Financial Officer

<PAGE>
 
News Release
- ------------
 
Media Contact:             Clarence Ehlers
                           (219) 273-7327
 
Analyst/Investor Contact:  Joseph A. Rainis
                           (219) 273-7158


                 NATIONAL STEEL DECLARES COMMON STOCK DIVIDEND
                                        

Mishawaka, IN, May 11, 1999 - National Steel Corporation (NYSE: NS) today
announced that its Board of Directors declared a cash dividend of $0.07 per
common share, payable on June 9, 1999 to stockholders of record at the close of
business on May 21, 1999.

This is National Steel's sixth consecutive quarterly dividend paid on common
shares.

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 people. Visit National Steel's website at: www.nationalsteel.com.


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