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): April 4, 2002 (April 3, 2002)




                           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:              574-273-7000



ITEM 5.    OTHER EVENTS AND REGULATION FD DISCLOSURE

National Steel Corporation issued a press release on April 3, 2002 announcing
Court approval on Permanent DIP Financing. 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 April 3, 2002.

                                    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:  April 4, 2002                     By:  /s/ Kirk A. Sobecki
                                            ------------------------------------
                                              Kirk A. Sobecki
                                              Senior Vice President and Chief
                                              Financial Officer

EX-99.1

                                                                    Exhibit 99.1

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

NEWS RELEASE
- ------------
Media Contact:    Anita-Marie Hill
                  Terry Fahn
                  Sitrick And Company
                  (310) 788-2850

                   National Steel Receives Court Approval on
                            Permanent DIP Financing

         Mishawaka, Indiana -- April 3, 2002--National Steel said today that it
has received final Court approval of the Company's $450 million
debtor-in-possession (DIP) financing agreement.

         The DIP agreement calls for the Company's existing senior secured bank
group, to provide $450 million in post-petition financing to National Steel to
purchase goods and services and fund the Company's ongoing operating needs
during its restructuring process. The Company filed its voluntary Chapter 11
petition in the U.S. Bankruptcy Court for the Northern District of Illinois on
March 6, 2002.

         "The DIP financing agreement will provide more than adequate financial
resources to fund our post-petition vendor and employee obligations and other
operating requirements as National moves forward in its restructuring," said
Hisashi Tanaka, chairman and chief executive officer. "We are greatly encouraged
by the support of our supplier community and appreciate the many suppliers who
are continuing to ship to us on normal terms. Their cooperation and support have
already contributed to improvements in our business in the short weeks since the
filing."

About National Steel:



                                                                    Exhibit 99.1

         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 8,400 employees. For more information about the company, its
products and its facilities, please visit the National Steel's web site at
www.nationalsteel.com.
- ---------------------


Safe harbor:
All statements contained in this release, other than historical information, are
forward-looking statements. A variety of factors, including factors affecting
the steel industry generally, 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 certain of these factors is available in the Company's
Form 10-K for the year ended December 31, 2001.

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