It's hoped the decision by the Thai steel maker to come to the North East could encourage many more companies to do the same.
The first Teesside steel made in two years is expected to be ready today. The blast furnace was re-lit on Sunday, after being mothballed.
History was made when Redcar's blast furnace was re-started.
One of the world's biggest cable-making machines has opened on Tyneside, securing more than 150 jobs and millions of pounds of investment.
It was officially opened this morning - to an unusual fanfare.
This is the dramatic moment showing the unveiling of a machine that makes sixty-kilometre-long tubes, allowing oil companies to reach the most remote parts of the sea.
MPs, councillors and business leaders gathered in Newcastle this morning (May 22) to witness the opening of one of the world's biggest cable making machines.
The 'Vertical Helix Assembly Machine' makes sixty kilometre long tubes, so oil companies can reach the most remote parts of the sea.
Bruce Shepherd from Shepherd Offshore says Tyneside is proving to be at the forefront of the subsea industry and it is providing great opportunities for young people.
A giant steel tube maker has been opened on Tyneside, securing more than 150 jobs and millions of pounds of investment.
The 'Vertical Helix Assembly Machine' builds cables that are up to 60km long, and can extract oil from the bottom of the sea.
It is the only machine of its type in the world. The manufacturers had to build one of Europe's biggest single-storey buildings in Newcastle to accommodate it.
Businessmen at the launch said it helps continue the redevelopment of the Tyne, after the end of shipbuilding more than 20 years ago.
Craig Wilson says the blast furnace being relit allowed him to follow in the same footsteps as his father, grandfather and great-grandfather. He and his father both started their careers as apprentices.
Harry Wilson is the third generation of steelworkers in his family to work at the Redcar blast furnace. His two sons also got jobs there when steelmaking returned to Teesside last year.
A statue made of steel will be unveiled in Redcar this morning in memory of the late union chairman, Geoff Waterfield. The 43-year-old led the campaign to bring steel making on Teesside, he died suddenly in August 2011.
The first slabs of steel are being loaded onto a ship bound for Thailand.
SSI bosses say it's 'another momentous day' for steel making on Teesside.
A ceremony is taking place to celebrate the first shipment of SSI steel from Teesside.
More than 48,000 tonnes of steel worth around $30 million (£18 million) is being exported to Thailand.
Preparations are underway at Tees Port as the first slabs of steel from the newly re-opened SSI blast furnace are loaded up to be shipped to Thailand.
More than 48,000 tonnes of steel has been produced, with around $30 million (£18 million pounds) worth being loaded now.