Brexit: British Steel seeks £100m government loan to meet EU rules

British Steel is seeking a £100m loan from the government in order to meet EU emission rules. Previously, the company could have used EU-issued carbon credits to settle its 2018 pollution bill. However, the steel maker has been affected by a European Union decision to suspend UK firms' access to free carbon permits until a Brexit withdrawal deal is ratified. The company is in talks with Department for Business about financial help. The Department for Business, Energy and Industry Strategy told the BBC: 'As the business department, we are in regular conversation with a wide range of sectors and companies.' British Steel has until 30 April to comply with EU emission rules.