12,369.89 TRY BIST 100 BIST 100
43.19 USD USD USD
6.23 CNY CNY CNY
50.24 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
36.80 TRY Interest Interest
63.54 USD Fossil Oil Fossil Oil
5.87 USD Copper Copper
126.39 USD Silver Silver
107.17 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,415.80 TRY Gold (gr) Gold (gr)
106.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

French Parliament votes to nationalize ArcelorMittal; ministers warn

The French Parliament approved the bill to nationalize ArcelorMittal by a vote of 127 to 41.

French Parliament votes to nationalize ArcelorMittal; ministers warn

The proposal was championed by the far-left France Unbowed (LFI) party and supported by the united left bloc, including the Socialists, Greens, and Communists.

The far-right National Rally chose to abstain, while the parties backing President Emmanuel Macron’s minority government voted against the motion.

The proposal is expected to face a tougher response in the Senate, where centrists and the right hold the majority, and the process is likely to stall there. Finance Minister Roland Lescure criticized the initiative, calling it ‘a populist response to a structural problem.’

In a social-media post, Lescure stressed that cooperation between LFI and the National Rally would not prevent the unfair competition undermining the French steel industry. He added that ‘France needs a clear industrial roadmap, not a so-called magic formula like nationalization,’ noting that the government would continue working with ArcelorMittal and its employees on structural solutions.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Turkish company assumed management of Tartus Port which is hosting Russia’s only Mediterranean base

Friday, January 16, 2026

EUROMETAL: Last-minute CBAM changes are putting pressure on steel importers

Friday, January 16, 2026

Worthington Steel has signed an agreement to acquire Kloeckner & Co

Friday, January 16, 2026

EUROFER responded to the statement by European steel-using sectors on the new steel trade measure

Friday, January 16, 2026

Algoma Steel ends 122-year blast furnace era, transitions to EAF steelmaking

Friday, January 16, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now