8-K

                                 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): September 13, 2000
                             (September 11, 2000)


                          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


ITEM 5.  OTHER EVENTS

National Steel Corporation issued a press release on September 11, 2000
commenting on its third quarter outlook. 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 September 11, 2000.


                                   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:  September 13, 2000            By: /s/Glenn H. Gage
                                         --------------------------
                                         Glenn H. Gage
                                         Senior Vice President and Chief
                                         Officer

EX-99.1

                                                                  Exhibit EX99.1


                  [LETTERHEAD OF NATIONAL STEEL CORPORATION]


NEWS RELEASE
- ------------

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

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




               NATIONAL STEEL COMMENTS ON THIRD QUARTER OUTLOOK


Mishawaka, IN, September 11, 2000 - National Steel Corporation (NYSE:  NS) today
announced that it expects third quarter shipments, revenues and earnings to be
lower compared to its most recent second quarter and the third quarter of last
year, as well as below the current analysts' estimates.  The net loss for the
quarter is now expected to be in the range of $1.50 to $1.60 per share as
compared to a current analyst consensus of a loss of $0.65 per share.

Shipments and revenues will be below earlier forecasts due to a continued
weakening in the demand for steel in the markets that we serve brought about by
high levels of steel imports into the U.S. and high inventory levels at many of
our customers.  This oversupply of steel has caused a dramatic decrease in the
spot market price for steel.  Costs in the current quarter have been impacted by
approximately $20 million for previously announced planned maintenance outages
including a blast furnace reline at the Great Lakes operations.

Final results for the third quarter are expected to be released on Wednesday,
October 25, 2000. This will be followed by an open conference call to discuss
the third quarter results and near term outlook.

All statements contained in this release, other than historical information, are
forward-looking statements. A variety of factors could cause business conditions
and the Company's actual results and experience to differ materially from those
expected by the Company or expressed in the Company's forward-looking
statements.  Additional information concerning these factors is available in the
Company's most recent Form 10-K for the year ended December 31, 1999.

Headquartered in Mishawaka, Indiana, National Steel Corporation is one of the
nation's largest producers of carbon flat-rolled steel products, with annual
shipments of approximately six million tons. National Steel employs
approximately 9,200 employees.  Visit National Steel's website at:
www.nationalsteel.com.