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.
Tata Steel workers in Scunthorpe have told ITV News of their fear and anger after the company announced the losses of hundreds of jobs.
Speaking shortly after the announcement was made to workers via a web conference, several called on the government to act.
"It's another kick in the teeth for the steel industry in this country - my feeling is it's about time the government and the local council got off their fat backsides and did something about it," said one angry worker.
Another said he was from a single-parent family and could potentially lose his home should he be left without a job as a result of Tata's restructuring.
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.