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NATIONAL STEEL COMPLETES STOCK OFFERING WITH SALE OF 861,100 ADDITIONAL SHARES

 MISHAWAKA, Ind., April 13 /PRNewswire/ -- National Steel Corporation (NYSE: NS) announced today that it has completed its initial public offering of Class B common stock with the sale of an overallotment of 861,100 shares.
 The company reported that it will realize net proceeds of approximately $11.3 million from the sale of the additional shares, bringing its total net proceeds from the offering to more than $141 million.
 With the completion of the stock offering, National Steel now has a total of 10,861,100 shares of Class B common stock outstanding. Together with 25,500,000 shares of Class A common stock held by NKK Corporation and National Intergroup, Inc., the company has a total of 36,361,100 shares of common stock outstanding.
 National Steel is the fourth-largest U.S. integrated steel producer, with production facilities in Ecorse, Mich., near Detroit; Granite City, Ill., near St. Louis; and Portage, Ind., near Chicago. The company is headquartered in Mishawaka, and employs about 10,300 people.
 -0- 4/13/93
 /CONTACT: Robert R. Toothman of National Steel, 219-273-7552/
 (NS)


CO: National Steel Corporation ST: Indiana IN: MNG SU: OFR

CD-KC -- PG010 -- 5265 04/13/93 13:38 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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