Europe's steel policy framework faces a critical gap. ArcelorMittal's Paul Brettnacher warns that the Carbon Border Adjustment Mechanism & the new Tariff Rate Quota regime, both landmark steps, fail to cover steel derivatives & downstream products like electric motors. Nearly two-thirds of electrical steel components for Europe's energy transition now come from outside the EU. Brettnacher urges three urgent reforms by 2027 to close this regulatory blind spot & protect Europe's industrial future.