Italy's steel supply chain suffered a fifty percent drop in business volumes in the second quarter of twenty twenty-six. The cause was not weak demand but regulatory chaos from Brussels, according to ICT International & Trading Company administrator Gianluca Gennari. Carbon Border Adjustment Mechanism certification bodies have still not been appointed & may not be ready until mid-twenty twenty-seven, leaving companies buying steel for eighteen months without knowing its true cost. Europe's downstream steel sector employs nearly three million people, ten times the primary steel workforce, yet policy protects only the smaller group.