France's National Assembly voted in June 2026 to nationalise ArcelorMittal's French assets for the second time, citing industrial sovereignty concerns. The estimated cost stands at €3 billion. ArcelorMittal, which employs nearly fifteen thousand people across France, rejected the move & reaffirmed a €1.3 billion investment in a Dunkirk electric arc furnace due in 2029. The bill now returns to the Senate, which had already rejected it once in February 2026.