NATIONAL STEEL CORP
8-K, 1999-08-12
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
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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): August 12, 1999
                               (August 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
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ITEM 5.  OTHER EVENTS


National Steel Corporation issued a press release on August 11, 1999 announcing
that its Board of Directors declared 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 August 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: August 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, August 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 September 9, 1999 to stockholders of record at the
close of business on August 25, 1999.

This is National Steel's seventh 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 employees.  Visit National Steel's website at: www.nationalsteel.com.


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