Shanghai-based conglomerate Fosun International (0656.HK), said Monday it will build a 10 million ton steel mill in Lianyungang, Jiangsu province, through a subsidiary, China Business News reported. An inside source said the Nanjing Iron & Steel Union, a subsidiary of Fosun International, will undertake the Lianyungang steel mill project, which is pending approval from the National Development and Reform Commission. Nanjing Steel is currently capable of producing 6.5 million tons ...