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Sorry if I opened a can of worms with this one. But if I didn't figure out someone else would have eventually.
The only thing that could prevent that I think is if the file format is protected by patent, then they could get them on reverse engineering thier file format to load their assets into their game. Does it make sense? I have no idea. It sounds very grey area.
For other paid games whose companies don't have an agreement with Valve, it's considered leeching and Valve can still act upon that, but I could ask a good friend of mine who is a lawyer IRL and see if he can confirm any of this, but I'm already pretty sure of the answer.