Brazil government renews tariffs, quotas on steel products

SAO PAULO, May 27 (Reuters) - Brazil's government on Tuesday decided to renew 25% tariffs initially imposed last year on 19 steel products, while also expanding the trade defense measure to other four, Brazil's Ministry of Development, Industry, Trade and Services said in a statement.

The decision, which was made by a government trade body and will be valid for a further 12 months, also maintained a quota system on the volume of steel imports, according to the statement.