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Due to ongoing price fluctuations for imported iron ore, Karachi-based Pakistani long steel producer Pakistan Steel Mills plans to use local iron ore resources and so has.
Pakistan Steel Mills has already purchased leases for three iron ore mines in the province of Balochistan and set up separate departments to focus on the exploitation of the mines in question.
A spokesman for the company said in a statement that iron ore from the mines would cost about 50% less than imported iron ore.
