Overview

• ArcelorMittal confirmed plans to cut 636 jobs in northern France, with Dunkerque being the most affected site.
• Unions and left-wing politicians, including the Socialist Party, are advocating for state control or nationalization to protect jobs and industrial sovereignty.
• Industry Minister Marc Ferracci ruled out nationalization, citing industrial solutions and calling for investments in decarbonization and modernization of steel plants.
• Ferracci also urged European-level protections for the steel industry, which faces challenges from cheap Chinese imports, U.S. tariffs, and declining demand.
• The Socialist Party plans to propose a bill for state 'tutelle' of the Dunkerque site, escalating political pressure on the government.