A support package of up to £9m has been announced by the Government and Tata Steel to provide support to Scunthorpe steel workers and the local economy.
It comes after Tata Steel confirmed it will cut almost 1,200 jobs at its plants in Scunthorpe and Scotland.
Business Secretary Sajid Javid has promised support to the UK steel industry but said there are "limits to what government can do" in the wake of thousands of job losses in recent weeks.
Speaking after Labour were granted an urgent question on the crisis in the Commons, Javid said the government would drive up the number of infrastructure projects using UK steel "where possible" in a bid to support the industry.
He told steel workers the government would "not abandon you in your greatest hour of need", and would set up a task force for those made redundant from Tata's Scunthorpe plant.
However, he then added: "There are limits to what the government can do in response. No government can change the price of steel in the global market. No government can dictate foreign exhange rates.
"And no government can simply disregard international regulation on free trade and state aid - regulations that are regularly used to protect British workers and British industry," he said.
As the UK steel industry comes perilously close to collapse, Nina Nannar reflects on her own upbringing in the shadow of Scunthorpe's plant.
Jeremy Corbyn has accused the Government of having no industrial strategy as redundancies mount in the crisis-stricken steel sector.
Caparo Industries is set to go into administration later today, ITV News has learned.