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.  

COMPANHIA SIDERÚRGICA NACIONAL

Publicly-held Company

Corporate Taxpayer's ID (CNPJ/MF): 33.042.730/0001-04

Corporate Registry (NIRE): 3330001159-5

SECOND CALL NOTICE FOR

EXTRAORDINARY SHAREHOLDERS’ MEETING

The Shareholders of Companhia Siderúrgica Nacional are hereby summoned at second call to attend the Extraordinary Shareholders' Meeting to be held on November 1st, 2010 at 11:00 a.m., at the Company’s headquarters, located at Rua São José nº 20 - Grupo 1602, Centro, in the city and state of Rio de Janeiro, in order to resolve on the following Agenda:

1.      cancellation of 27,325,535 (twenty-seven million, three hundred twenty-five thousand, five hundred thirty-five) shares currently held in treasury, with no capital reduction; and

2.      amendment to Article 5 of the Company’s Bylaws in order to reflect the share cancellation mentioned in item 1 above.

Pursuant to the provisions set forth in article 135 of Law 6,404/76, the instatement of the shareholders’ meeting at the second call will occur regardless of the number of attending shareholders.

Those shareholders whose shares are held in custody should present a statement of their shareholdings issued by the custodian institution, while those willing to be represented by an Attorney-in-Fact should observe the provisions in Article 126, paragraph 1 of Law 6,404/76, duly delivering, preferably at CSN’s headquarters, the respective power(s) of attorney authorizing their representation at the Extraordinary Shareholders' Meeting, which is the object of this Call Notice, no later than 72 (seventy-two) hours prior to said Meeting, in order to facilitate services provided to shareholders.

Documents related to the matters included in the Agenda will be available for Shareholders’ consultation at the Company’s headquarters, as well as on the websites of CVM – the Brazilian Securities and Exchange Commission, at www.cvm.gov.br; BM&FBovespa – the São Paulo Stock Exchange, at www.bmfbovespa.com.br; and CSN, at www.csn.com.br/ir, in compliance with the provisions in Law 6,404/76 and CVM Instruction 481/2009.

Rio de Janeiro, October 20, 2010

Benjamin Steinbruch

Chairman of the Board of Directors

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.