Overview
- Lawmakers approved the text in an initial vote with 127 in favor, 41 against and 42 abstentions.
- Support came from the left, government-aligned deputies opposed it, the National Rally abstained and the Socialist Party backed the measure.
- LFI figures estimate a potential acquisition cost of €3–4 billion for the French operations.
- Proponents frame the move as a path to safeguard roughly 15,000 jobs and to push France toward leadership in green steel.
- Commentary highlights France’s heavy public debt and mixed outcomes from past nationalizations as reasons the plan is unlikely to advance beyond the Senate.