Overview
- Senators took up a bill on February 25 to nationalize ArcelorMittal’s French assets, a text unexpectedly approved by the National Assembly on November 27, 2025 after a left‑wing push.
- With the Senate’s right‑wing majority and the government opposed, the measure faces long odds, and the bill is slated to return to the Assembly in June in its parliamentary route.
- Roughly 200 to 250 CGT supporters gathered near the Senate calling for nationalization, as union leaders and left lawmakers pressed for state control.
- CGT chief Sophie Binet urged converting public aid into equity stakes so the state can influence strategy, citing reports that European management is weighing moving activity to India with about 600 French job cuts.
- Backers estimate the operation at about €3 billion to safeguard jobs and decarbonize sites including Dunkerque and Fos‑sur‑Mer, while critics argue nationalization would not resolve the sector’s structural challenges amid broader state industrial activism.