While drilling or welding a nut on is usually the fastest way to remove steel bolts in aluminum(drill bit and extractor is probably the best option in this particular scenario) an alternative is using alum to dissolve it. Alum won't attack aluminum or most other non-ferrous metals, but will dissolve steel. It's not a quick process, but sometimes the wait is worth it especially if you're working with unobtainum parts. It's cheaper and less stressful than potentially having to fix the damage caused by mistakes/accidents while trying to drill them out.
Handy for small diameter fasteners stuck deep inside blind holes or places that it's tough to get a drill bit or welder.
It's especially useful if the fastener is stuck because it is badly corroded. If you manage to get an easy out to bite or weld a nut on you're likely to destroy serviceable threads in the aluminum part as the corrosion from the fastener jams up and can tear them out. If you dissolve the fastener usually a cleanup pass with a thread chaser is all that's needed.
Where alum is most useful is if the worst case happens and you break off an extractor or drill bit in the fastener you're trying to remove. Trying to drill out the hardened steel usually results in tools being thrown across the shop and/or damage to the part from wandering drill bits.
You can find alum at the grocery store in the spice or pickling isle. Check the ingredients, and make sure it contains potasium aluminum sulfate or ammonium aluminum sulfate.
Mix up a concentrated solution and soak the stuck fastener. Mild heat will speed up the reaction, but depending on the size of the stuff you're trying to remove it can take hours or days.
Usually In the case of a stuck bit or extractor, a few hours of soaking is enough to loosen them up enough to pull out the broken pieces. Depending on soak time and luck, enough of the fastener will have dissolved for a new extractor to work.
If you're trying to completely dissolve a stuck fastener it can take a few days. Drilling the the center of the fastener out with a small diameter bit will speed up the process by giving it more surface area.
The hardest part is rigging up a container to hold the alum solution over the fastener. Usually it involves putty and assorted tubes, funnels, or cups.
Here's a good blog post that goes into more detail and has some ideas on how to rig up a container:
https://www.snaderflyby.com/dissolving-steel-out-of-aluminum-with-alum-powder/