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 2, 2003
                                (March 31, 2003)




                           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 March 31, 2003 announcing
antitrust clearance of U. S. Steel proposal.

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 March 31, 2003.





                                    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 2, 2003     By:  /s/ Kirk A. Sobecki
                              -------------------------------------------------
                              Kirk A. Sobecki
                              Senior Vice President and Chief Financial Officer

EX-99.1

                                                                    Exhibit 99.1

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

News Release

                                        Contact:     Anita-Marie Hill
                                                     Romelia Martinez
                                                     Sitrick And Company
                                                     (310) 788-2850

                  NATIONAL STEEL ANNOUNCES ANTITRUST CLEARANCE
                         OF UNITED STATES STEEL PROPOSAL

     Mishawaka, IN - March 31, 2003 - National Steel Corporation today announced
that the Department of Justice has advised National Steel that it has closed its
investigation under the Hart-Scott-Rodino Antitrust Improvements Act ("HSR Act")
with respect to the previously announced proposal by United States Steel
Corporation to purchase substantially all of National Steel's principal
steelmaking and finishing assets and iron ore pellet operations. This action
satisfies one of the conditions to the potential transaction. As previously
announced, early termination of the waiting period under the HSR Act was granted
on February 26, 2003 with respect to the proposed sale of such assets to AK
Steel Corporation.

     On January 30, 2003, National Steel and AK Steel entered into an Asset
Purchase Agreement ("APA") relating to such assets for $1.125 billion,
consisting of $925 million in cash and the assumption of certain liabilities
approximating $200 million. As previously announced, on February 6, 2003, the
U.S. Bankruptcy Court for the Northern District of Illinois overseeing National
Steel's pending Chapter 11 cases approved bidding procedures granting AK Steel
priority "stalking horse" status. The APA is subject to higher and better offers
submitted in accordance with the bidding procedures. Under the bidding
procedures, as amended, the deadline for the submission of bids is April 10,
2003 and the date of the auction to be held in accordance with the bidding
procedures is April 16, 2003. The Bankruptcy Court hearing to



consider approval of the sale of substantially all of National Steel's assets is
scheduled for April 21, 2003.

     In addition to Bankruptcy Court approval, the sale of National Steel's
assets is subject to a number of conditions, including the execution and
ratification of a new collective bargaining agreement by the United Steelworkers
of America satisfactory to the purchaser for the National Steel employees who
will become employees of the purchaser.

     National Steel filed its voluntary petition in the U.S. Bankruptcy Court
for the Northern District of Illinois in Chicago on March 6, 2002.

     About National Steel:

     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 8,200 employees. For more information about the company, its
products and its facilities, please visit National Steel's website at
www.nationalsteel.com.

     All statements contained in this release, other than historical
information, are forward-looking statements. Completion of the potential
transaction described in this release is subject to various conditions, risks
and uncertainties, and there can be no assurance that the transaction will be
consummated. A variety of factors could cause business conditions and the
Company's actual results 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, 2002.

                                       ###