Pakistan Steel Mills in Karachi is ready to become an industrial base for Metallurgical and Material Sciences, if bought / Run by Fauji Foundation / DHA, as it's success is going to help our armed forces develop the necessary R & D base, for future in house projects.
If you follow the Turkish Model, then, Ataer Holdings, a division of Turkish army pension fund Oyak, is also heavily involved in the Steel Industry in Turkey because such amount of money / investment is not possible from the private sector if you want to own the IP of High Tech Steel products.
Thirdly, State owned enterprises in China, still hold a majority share in the Steel industry in China e.g. Wuhan Iron and Steel Corporation
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