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): February 15, 2001 (February 13, 2001)

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 AND REGULATION FD DISCLOSURE

National Steel Corporation issued a press release on February 13, 2001 announcing new aggressive cost reduction activities. 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 February 13, 2001.

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: February 15, 2001	By:	/s/ Glenn H. Gage
		Glenn H. Gage
		Senior Vice President and Chief Financial Officer

EX-99

                                                                    Exhibit 99.1

                        [Letterhead of National Steel]



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

Media Contact:      Ronald B. Freeman
                    (219) 273-7559

Analyst and         William E. McDonough
Investor Contact:   (219) 273-7414


                    NATIONAL STEEL ANNOUNCES NEW AGGRESSIVE
                           COST REDUCTION ACTIVITIES


Mishawaka, IN, February 13, 2001 - National Steel Corporation (NYSE: NS) today
announced an additional and more aggressive set of cost reduction activities to
improve operating performance.

Key to today's announcement are initiatives in the area of work force
utilization and redeployment.  Work force reduction targets of 400 employees and
a 10% reduction of the salaried work force are currently in progress.  At the
end of January, National Steel had more than 370 employees on layoff status.  In
addition, overtime utilization has been drastically reduced by over 70% versus
year 2000 levels.  These new work force reduction initiatives are targeted to
achieve an annualized cost reduction of approximately $45 to $50 million.

Other aspects of the cost reduction program include: purchasing initiatives to
reduce the cost of purchased goods and services by approximately 10%;
operational improvements including the rationalization of certain high-cost
operating facilities such as the No. 6 Galvanizing Line at the Granite City
Division which was shut down in January; and working with the outside steel
processors to reduce supply chain costs.  The cumulative cost reduction from
these items is targeted at approximately $50 million.

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  (as amended) 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.