At present, Panzhihua Iron and Steel Company has formed a comprehensive production capacity of 8.3 million tons of iron, 9.4 million tons of steel, 8.9 million tons of steel, 20,000 tons of vanadium products (calculated by V2O5), 300,000 tons of titanium concentrate and 93,000 tons of titanium dioxide. Panzhihua Iron and Steel Company insists on relying on scientific and technological progress to deeply develop and utilize vanadium-titanium magnetite resources, which has a unique position, unique advantages and three remarkable characteristics in China iron and steel industry. Relying on unique resource advantages and independent innovation, Pangang has formed a number of leading international and domestic proprietary technologies with independent intellectual property rights. The technology of smelting high-titanium vanadium-titanium magnetite by ordinary blast furnace has reached the world leading level and won the first prize of national technological invention and the first prize of national scientific and technological progress; Continuous casting technology has reached the international leading level; Full-length waste heat quenching rail technology forms independent intellectual property rights, and online heat treatment technology is the world leader, obtaining Chinese and American patents; The first high-speed railway rail technology developed in China fills the gap in China, and the universal rolling and ultra-long production technology of rail beams is internationally leading; 340mm seamless steel tube continuous rolling mill has reached the world advanced level; The production line of cold-rolled hot-dip galvanized aluminum has reached the world advanced level. The technology development and optimization technology of vanadium extraction converter is leading in the world and won the first prize of scientific and technological progress in Sichuan Province; Vanadium nitride preparation technology is the first in the world, breaking the monopoly of the United States in the global vanadium nitride market, and winning the second prize of national technological invention, the special prize of China metallurgical technology and the first prize of Sichuan scientific and technological progress; The worldwide problem of fine ilmenite recovery technology has been overcome, and the research on mineral processing engineering technology and equipment of fine ilmenite won the first prize of national metallurgical science and technology and the first prize of scientific and technological progress in Sichuan Province.