NATIONAL STEEL CORP
8-K, 1999-11-09
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):
                      November 9, 1999 (November 8, 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)


Registrants telephone number, Including area code:   219-273-7000


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ITEM 5. OTHER EVENTS


National Steel Corporation issued a press release an November 8, 1999 declaring
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 November 8, 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: November 9, 1999          By: /s/ Glenn H. Gage
                                    -----------------------------------------
                                    Glenn H. Gage
                                    Senior Vice President and Chief Financial
                                    Officer

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                                                    (LOGO)
- -------------------------------------------------------------------------------
NEWS RELEASE
- ------------

                                                    National Steel Corporation
                                                    4100 Edison Lakes Parkway
                                                    Mishawaka, IN 46545
                                                    (219) 273-7000

Media Contact:                 Clarence J. Ehlers
                               (219)273-7327

Analyst and Investor Contact:  Joseph A. Rainis
                               (219)273-7158


                 NATIONAL STEEL DECLARES COMMON STOCK DIVIDEND

Mishawaka, IN, November 8, 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 December 9, 1999 to stockholders of record at the
close of business on November 24, 1999.

This is National Steel's eighth consecutive quarterly dividend paid an 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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