Panzhihua is one of the three associated mines in China, and its leading industry is steel. Panzhihua is located in the southwest, with raw materials and resources for developing steel, close to the water source and supported by national policies. The traffic in southwest China has been improved, which has greatly expanded the steel market in this area. Located in Hengduan mountain area, the terrain is undulating and there is little flat land, which provides the possibility for the development of iron and steel industry (the benefit of developing other industries is not high).

(1) close to iron ore and coal mining areas, rich in raw materials; ② Close to coal mining areas and hydropower stations, rich in energy; (3) abundant water sources; ④ Convenient land and water transportation; ⑤ National policy support; ⑥ The terrain is undulating, and there is little flat land.

Pangang is located in the southwest of China, at the intersection of Yagong River and Jinsha River. The terrain is undulating and there is little flat land. However, because the leading industry is vanadium-titanium metal, which is a special metal for aviation, the market demand is large, and Panzhihua is rich in vanadium-titanium ore, so the raw materials are rich. At the same time, it is close to the coal mining area and hydropower station, which is rich in energy. Moreover, the labor force in this area is abundant. In terms of transportation, the Chengdu-Kunming line passes through here. Traffic conditions have improved in recent years. With the strong support of national policies, Pangang has become the largest steel production base in western China and the whole country, the largest vanadium products and railway steel production base in China, the most complete seamless steel pipe production base in China, the largest titanium raw material production base in China, the only titanium dioxide production base in China and the second largest vanadium production enterprise in the world.