Among them, the main steel industry is mainly distributed in Panzhihua City, qingbaijiang district City and jiangyou city City, Mianyang City. The main business of vanadium and titanium is mainly promulgated in Panzhihua City and Chongqing City. Pangang has developed into the largest steel production base in western China, the largest railway steel production base in China, the largest seamless steel pipe production base with the most complete variety and structure in China, the largest titanium raw material production base in China and the only chlorination titanium dioxide production base in China. It is also the largest production base of vanadium products in China and the second largest vanadium producer in the world. The operating income of Panzhihua Iron and Steel Company in 2006 was 38.442 billion yuan, ranking 99th among the top 500 Chinese enterprises and 10 among iron and steel enterprises. In 2007, Panzhihua Iron and Steel Company realized the main business income of 36.744 billion yuan and the profit of 2.009 billion yuan. In the next step, Panzhihua Iron and Steel Co., Ltd. will accelerate the pace of development according to the strategic thinking of expanding vanadium and titanium, smelting steel, making good use of resources and strengthening enterprises, and strive to build Panzhihua Iron and Steel Co., Ltd. into a modern vanadium and titanium boutique base with international competitiveness.
In recent years, under the strong leadership and specific guidance of the State-owned Assets Supervision and Administration Commission of the State Council, Sichuan Province and Panzhihua City, Pangang (Group) Company has always adhered to the guidance of Deng Xiaoping Theory, Theory of Three Represents and Scientific Outlook on Development, held high the great banner of Socialism with Chinese characteristics, and put the socialist core value system through the whole process of spiritual civilization construction, so that Pangang, an established third-line enterprise, is full of vitality under the new situation, and its production, operation and various undertakings have entered the best period since its establishment. Panzhihua Iron and Steel Co., Ltd. has successively won more than 40 national and provincial (ministerial) honorary titles, including national civilized unit, national advanced grass-roots party organization, national advanced unit of ideological and political work for workers, and Sichuan Provincial Party Committee system.