The paper constitutes a novel physical approach to the different stages of negative leader stepping in cloud-to-ground lightning, starting with determination of the length of the negative streamer zone below the leader tip. The positive space leader, belonging to a pre-existing space leader, propagates towards the main leader tip, bridging the streamer zone. Such propagation time however is too short for leader thermalization. The thermalization, with associated substantial drop in the internal voltage gradient, occurs over a much longer time, through corona current injected at the tip of the moving negative space leader. The latter stage constitutes the determining factor for the time interval between steps. The model has then been applied to leaders with prospective return stroke current of 3–228 kA, leader tip height of 23–2000 m, leader charge linearly decaying to practically vanish at heights of either 2500 m or 4500 m. For the conditions investigated, the step length varies in the range 3.5 m to 39 m, the bridging time of the streamer zone by positive space leader in the range 0.8 - 3 μs, time interval between steps in the range 8.5–92 μs, yielding mean stepped leader speed in the range 1.0 - 11.6 × 105 m/s. Whenever possible the model predictions were satisfactorily compared to field measurements. Interaction between the negative downward leader and an upward connecting leader during the attachment process is out of scope of this work.