I don't think that I would try a .308 in it, unless you have some very solid information indicating otherwise. I have been finding that locally .308 has been a bit tight, but 7.62 NATO is readily available. The .308 I have bought has been $0.75 per round on average.
If the round you need is the 7.55 x 55mm, it is available online. Sportsman's Guide has some for about $1.25 per round presently.
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