For everyone assuming a steel plant will be built at Cooley ( Minnesota Steel), you need to see this. What this means in its entirety, only Essar knows, but it could have an effect on plans. You see, if you already own steel production capacity, and you already own the ore, why bother building another plant? This might be a makeup deal for this. What does that have to do with it...Essar bought ( not approved yet) Esmark...it awaits approval, but it looks like a make up deal for the fighting over Esmark...This is about market share people, and if you are sitting waiting for the gods of steel to make a decision, do not be stupid and have a backup plan.