Redcar steelworks will be lit up as part of a festival to mark a year since the mothballing of Teesside's last blast furnace.
The Fire and Steel Festival, which is hoped to become an annual event, will take place on Saturday evening.
A deal with Thai steelmaker SSI to restart the furnace is close to completion.
The festival will begin with a procession from Redcar Leisure Centre along Majuba Road.
The parade will include fire swingers, stilt walkers, dancers, music and lanterns.
This will be followed by the illumination of the blast furnace.
The event has been organised by Redcar and Cleveland Council, in conjunction with David Jamilly, who appeared on the Channel 4 programme Secret Millionaire, and local entrepreneur Frankie Wales.
The council said the event would also celebrate 150 years of steelmaking on Teesside.
Teesside Cast Products (TCP) was partially mothballed with the loss of 1,600 jobs in February 2010, when a consortium pulled out of a deal to buy its steel.
In August, SSI signed a memorandum of understanding to buy the former Corus plant.
It is hoped if the £320m sale of the Redcar site goes ahead steel-making could restart in 2011.
The sale could secure the jobs of 700 workers at the plant and create a significant number of new posts.