Steel producer, SSI, has revealed plans to safeguard jobs in the long term.
The company has unveiled a £38 million coal injection plant, which bosses hope will slash costs and boost output.
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On a tour of the North East today, the Chancellor George Osborne made a series of promises which he claimed would help create 50,000 jobs.
Hundreds of people are expected to take part in two separate demonstrations in Newcastle tomorrow.
Teesside car parts manufacturer Nifco has announced a new £50 million deal with US car giant Ford.