The reopening of the steel plant at Redcar two years ago brought hundreds of jobs back to Teesside.
However its owners SSI say the world market is tough and the site is still operating at a loss.
Cornelius Louwrens, SSI's UK Business Director, said the company is confident it will soon turn a profit:
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The Port of Tyne is seeking planning permission to build a 25 megawatt power plant in Howdon.
An exact replica of a 1870s steam engine has been lovingly built after it's 79-year-old engineer spent 5,000 hours building it.
The event will be open to everyone affected by unemployment and will feature jobs from a number of employers as well as advice on training.