French Parliament Approves ArcelorMittal France Nationalization Amid Legal and Political Debate

The French National Assembly has passed a law to nationalize ArcelorMittal France, marking a significant governmental intervention to secure the domestic steel industry. The vote, which occurred overnight from November 27 to 28, reflects rising concerns over the sector's crisis and the desire to maintain steel production within France.

This move enjoys strong backing from left-wing political forces, such as the party LFI, and key unions, including CGT representatives at the Dunkerque plant who called the approval a victory. Demonstrations accompanied the parliamentary debates, underscoring the symbolic importance of this nationalization for workers and union advocates. Deputy Aurélie Trouvé of Seine-Saint-Denis played a pivotal role in championing the legislation with a passionate defense during the debates.

However, the nationalization faces considerable legal challenges. Experts, including Rémy Blain of Addleshaw Goddard, caution that the procedure is "extremely aggressive" due to France's strict protection of private property rights. The government must justify the strategic necessity of taking control over ArcelorMittal France to withstand legal scrutiny. Additionally, this decision comes amid difficulties finalizing the 2026 budget, raising questions regarding the financial implications of the acquisition.

The law's passage signals a robust government commitment to protect an essential industrial sector despite the complexity of navigating legal constraints and political negotiations. The outcome will likely set a precedent for future interventions in strategic industries facing economic hardship.