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Yes it is its a Lead core bi-metal jacket bullet in a steel case

David, yes Sir, this ammo features a steel case, non-corrosive primer and with a magnetic Bi-Metal FMJ bullet.

David, In addition to the lead-core round, the cartridges are produced using non-corrosive primers to ensure barrel life and use a lacquered-steel case that aids in consistent feeding and extraction. ... The Red Army Standard 7.62x39 . If you have a place you can use these rounds they are high quality and accurate. Great value.