EXHIBIT 23

                        CONSENT OF INDEPENDENT AUDITORS

   We consent to the incorporation by reference in the following Registration
Statements:

  .  Form S-8 No. 33-51991 pertaining to the 1994 and 1995 Stock Grants to
     Union Employees,

  .  Form S-8 No. 33-51081 pertaining to the 1993 National Steel Corporation
     Long Term Incentive Plan,

  .  Form S-8 No. 33-51083 pertaining to the 1993 National Steel Corporation
     Non-Employee Director's Stock Option Plan, and

  .  Form S-8 No. 33-61087 pertaining to the National Steel Retirement
     Savings Plan and National Steel Represented Employee Retirement Savings
     Plan;

of our report dated January 25, 2000, except for Note 2, as to which the date is
January 24, 2001, with respect to the consolidated financial statements of
National Steel Corporation and subsidiaries, as restated, included in the Annual
Report (Form 10-K/A) for the year ended December 31, 1999.

Indianapolis, Indiana
January 24, 2001