SC 13D/A 1 s576601.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) National Steel Corporation ---------------------------------------------------------- (Name of Issuer) Class B Common Stock, par value $.01 per share ----------------------------------------------------------- (Title of Class and Securities) 637844-30-9 ----------------------------------------------------------- (CUSIP Number) Edmund C. Duffy, Esq. Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, New York 10036 (212) 735-3950 ------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 9, 2001 ------------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Statement because of Rule 13d-1 (e), (f) or (g), check the following: ( ) Check the following box if a fee is being paid with this Statement: ( ) SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 637844-30-9 ------------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS NKK U.S.A. Corporation 51-0312155 ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) ( ) ------------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS Not Applicable ------------------------------------------------------------------------------ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------- ---------------------------------------- (7) SOLE VOTING POWER None ---------------------------------------- (8) SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 22,100,000 (See Item 5) OWNED BY ---------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING PERSON WITH None ---------------------------------------- (10) SHARED DISPOSITIVE POWER 22,100,000 (See Item 5) ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,100,000 (See Item 5) ------------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 53.5% (See Item 5) ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP No. 637844-30-9 ------------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS NKK Corporation ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) ( ) ------------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS Not Applicable ------------------------------------------------------------------------------ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION JAPAN ------------------------------------------------------------------------------ (7) SOLE VOTING POWER None --------------------------------------- (8) SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 22,100,000 (See Item 5) OWNED BY EACH --------------------------------------- REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH None --------------------------------------- (10) SHARED DISPOSITIVE POWER 22,100,000 (See Item 5) ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,100,000 (See Item 5) ------------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 53.5% (See Item 5) ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ This Amendment No. 2 to Schedule 13D (this "Amendment") amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on April 9, 1993, as amended and restated by Amendment No. 1 thereto filed on February 13, 1995 (the "Schedule 13D"), by NKK U.S.A. Corporation and NKK Corporation relating to the Class B Common Stock, par value $.01 per share, of National Steel Corporation. Except as disclosed herein, there has been no change in the information previously reported in the Schedule 13D. All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. Item 2. Identity and Background. ----------------------- Item 2(b) is hereby amended and restated in its entirety as follows: The business address of NKK is 1-1-2 Marunouchi, Chiyoda-Ku, Tokyo 100-0005, Japan. The business address of NAC is 450 Park Ave., New York, NY 10022. Item 4. Purpose of Transactions. ----------------------- Item 4 is hereby amended to add the following at the end thereof: On December 9, 2001, NKK issued the press release attached hereto as Exhibit 3. Such press release is hereby incorporated by reference. Item 7. Material Filed as Exhibits. -------------------------- Item 7 is hereby amended and supplemented by adding the following at the end thereof: Exhibit 3. NKK Corporation Press Release, dated December 9, 2001 SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement with respect to it is true, complete and correct. Dated: December 12, 2001 NKK CORPORATION By: /s/ Yoichi Shimogaichi ------------------------------ Name: Yoichi Shimogaichi Title: President & Chief Executive Officer NKK U.S.A. CORPORATION By: /s/ Mineo Shimura ----------------------------- Name: Mineo Shimura Title: President EXHIBIT INDEX Exhibit 3 - NKK Corporation Press Release, dated December 9, 2001 Exhibit 3 NKK Corporation Press Release, dated December 9, 2001 NEWS RELEASE December 9, 2001 National Steel and U.S. Steel in Consolidation Talks NKK Corporation, National Steel Corporation, the US subsidiary of NKK, and U.S. Steel are in discussion regarding a potential acquisition of National Steel by U.S. Steel. While consolidations among integrated steel mills are proceeding internationally, and raw material suppliers and auto manufacturers are going through merger and acquisition on a global scale, US steel industry still remains fragmented. NKK shares with National Steel and U.S. Steel the same sense of crisis which requires immediate attention. NKK, with U.S. Steel, supports consolidation as a fundamental solution for the structural problem of US steel industry. NKK considers that the acquisition of National Steel by U.S. Steel would be consistent with the goal of consolidation in US steel industry. In order for the proposed acquisition to be completed, and for the new consolidated company to maintain its competitiveness and to grow in the future, support from the US government, closing new labor agreement with USWA are necessary. NKK is ready to cooperate to make the proposed acquisition happen as much as possible within the range of its investment and loan to National Steel to date. NKK will seek to develop comprehensive cooperative agreements with U.S. Steel in the field of technology and marketing, succeeding the current arrangements between NKK and National Steel, in order to mainly meet the requirement from Japanese auto customers in North America. For further information, please contact: Mr. Shinji Okutsu NKK Corporation public relations Tel: +81-3-3217-2140