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): December 11, 2001
                               (December 9, 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 December 9, 2001 announcing
that it is engaged in consolidation discussions with United States Steel LLC. 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 December 9, 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:  December 11, 2001          By:  /s/ Kirk A. Sobecki
                                     -------------------------------------------
                                       Kirk A. Sobecki
                                       Vice President and Corporate Controller

EX-99.1

                                                                    Exhibit 99.1


                                                      [LOGO OF NATIONAL STEEL]

- --------------------------------------------------------------------------------
                                                      National Steel Corporation
                                                      4100 Edison Lakes Parkway
                                                      Mishawaka, IN  46545-3440

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

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

           NATIONAL STEEL AND U.S. STEEL IN CONSOLIDATION DISCUSSIONS

MISHAWAKA, INDIANA, December 9, 2001 -- National Steel Corporation (NYSE: NS)
today confirmed that it is engaged in discussions with United States Steel LLC
(NYSE: X) regarding a possible business combination involving United States
Steel and National Steel. The transaction would be part of the recently
announced goal of achieving significant consolidation in the domestic integrated
steel industry.

The Company indicated that discussions were continuing and that no agreements
relating to the transaction have been signed by the parties. There are many
conditions that must be satisfied before this transaction could be concluded,
and there is no assurance that this can be accomplished.

All statements contained in this release, other than historical information, are
forward-looking statements. Completion of the possible transaction described in
this release is subject to significant risks and uncertainties and there can be
no assurance that a definitive agreement will be entered into or that the
transaction will be completed. In addition, a variety of factors, including
factors affecting the steel industry generally, are expected to affect the
Company's future business operations, prospects and financial condition.
Additional information concerning certain of these factors is available in the
Company's Form 10-K for the year ended December 31, 2000.

Headquartered in Mishawaka, Indiana, National Steel 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 8,400
employees. Please visit the Company's website at www.nationalsteel.com for more
information on the Company and its products and facilities.