UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. __________)*
NATIONAL STEEL CORP
(Name of Issuer)
COMMON
(Name of Class of Securities)
637844309
(CUSIP Number)
Check the following box if a fee is being paid with this statement.(A fee
is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of
the Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DONALD SMITH & CO., INC
ID NO. 13-2807845
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) x
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
East 80 Route 4, Suite 360
Paramus, New Jersey 07652
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
5. SOLE VOTING POWER
2,692,400
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
2,692,400
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,692,400
10. CHECK BOX IF THE AGGRAGTE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
12. TYPE OF REPORTING PERSON
INVESTMENT ADVISER
(22,315) Item 1
(a)
NATIONAL STEEL CORP
Item 2
(b)
4100 Edison Lakes Parkway
Mishawaka, Indiana 46545-3440
(22,316)Item 2
(a)
Donald Smith & Co., Inc.
(b)
East 80 Route 4 - Suite 360
Paramus, New Jersey 07652
(c)
Not applicable
(d)
Common
(e)
CUSIP = 637844309
(22,317)Item 3
(e)
Investment Advisor registered under section 203 of the
Investment Advisers Act of 1940
(22,318)Item 4
(a)
2,692,400 shares owned
(b)
6.5% of class
(c)
(i)
2,692,400
(ii)
0 shares
(iii)
2,692,400
(iv)
0 shares
(22,319)Item 5
Not applicable
(22,320) Item 6
Not applicable
(22,321)Item 7
Not applicable
(22,322)Item 8
Not applicable
(22,323)Item 9
Not applicable
(22,324)Item 10
By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant
in any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Date:
February 9, 2000
Signature:
Name and Title:
Donald Smith
President
