Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS MEETING OF COMPANHIA SIDERÚRGICA NACIONAL, HELD ON NOVEMBER 9, 2010, DRAWN UP IN SUMMARY FORMAT.

Corporate Registry (NIRE): 33300011595

1.         Date:              November 9, 2010

2.         Time:              02:30 p.m.

3.         Venue:           Av. Brigadeiro Faria Lima, nº 3400 – 20º andar

4.         Attendance:   Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Fernando Perrone, Yoshiaki Nakano, Gilberto Sayão da Silva and Claudia Maria Sarti (Secretary of the meeting).

6.         Agenda: 6.1 – Appointment of Board of Directors’ member – The Board of Directors (the “Board”) appointed, in compliance with the provisions of article 14, paragraph 4, of the Bylaws, Mr. Alexandre Gonçalves Silva, Brazilian citizen, judicially separated, engineer, holder of Identity Card (RG) 39.565.565-1 and Individual Taxpayers’ ID (CPF) 022.153.817-87, domiciled at Av. Brigadeiro Faria Lima, 3.400, 20º andar, in the city and state of São Paulo, as Board Member, replacing Mr. Dionísio Dias Carneiro Netto, with period of office effective until the holding of the first Shareholders’ Meeting to be held by the Company, when said appointment will be submitted to the approval of the Shareholders’ Meeting. 6.2 – Election of Audit Committee Member – The Board, in accordance with the provisions of article 29 of the Bylaws, unanimously appointed the board members Yoshiaki Nakano, Fernando Perrone and Alexandre Gonçalves Silva as members of the Audit Committee, with period of office effective until April 30, 2011, extendable until the investiture of their successors. Mr. Fernando Perrone was appointed as Chairman of the Audit Committee. Having no further business to be discussed, the meeting was closed and these minutes were drawn up, which were read, agreed and signed by attendees.

This is a free translation of the original minutes filed at the Company’s headquarters.

COMPANHIA SIDERÚRGICA NACIONAL

Claudia Maria Sarti

Secretary of the Meeting

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.