Vanadium has many excellent physical and chemical properties, so vanadium has a wide range of uses and is known as a metal "vitamin". At first, vanadium was mostly used in steel. By refining the structure and grain of the steel, the grain coarsening temperature was increased, thereby increasing the strength, toughness and wear resistance of the steel. Later, people gradually discovered the excellent improvement effect of vanadium in titanium alloys and applied them to the aerospace field, thus making breakthroughs in the aerospace industry. With the rapid development of the level of science and technology, the requirements of human beings for new materials are increasing day by day. Vanadium is increasingly used in non-steel fields, covering aerospace, chemistry, batteries, pigments, glass, optics, medicine and many other fields.

About 85% of metallic vanadium is added to steel production in the form of ferrovanadium and vanadium-nitrogen alloys to improve the strength, toughness, ductility and heat resistance of steel. Vanadium-containing high-strength alloy steel is widely used in the production and construction of oil/gas pipelines, buildings, bridges, and rails. Vanadium-containing high-strength alloy steel mainly includes: high-strength low-alloy (HSLA) steel (comprehensive); HSLA steel plate; HSLA section steel; HSLA strip steel; advanced high-strength strip steel; and die steel, etc.