Abstract: Production status and development trend of vanadium-bearing iron ore concentrate,vanadium slag,ferrovanadium and nitrovan in world in recent years are described.The production of vanadium product,product mix,financial results and trends for Evraz in Russia,Xstrata in Switzerland,Panzhihua Steel,Chengde Iron and Steel of HIBIS are described.The follow conclusions are obtained through analysis:the production of vanadium is very centralized;China is the country of most vanadium production;vanadium industry is faced the problems that the production capacity of vanadium expand is too much,the market of iron and steel is too weak,the substitute-niobium influences the market of vanadium;vanadium industry is faced the opportunity that the V microalloying high tensile steel bar is increasing the consumption,vanadium redox flow battery develops very rapidly and the commercially production is hopeful.