The ferrovanadium is an important alloying additive in steel industry. Vanadium can improve the strength of steel, toughness, ductility and heat resistance. Vanadium in the ordinary low-alloy steel, grain refinement, increased strength and toughness of the steel, spring steel used in conjunction with chromium or manganese, and increase the elastic limit of steel, and improve their quality, refinement tool steel mainly steel and grain, increasing the stability of the tempering of steel, and enhance its secondary hardening effect, and improve the wear resistance to extend the life of the tool, in the heat-resistant steel and oxidation in steel, vanadium play a useful role.