Date: Nov 2, 2018
| Ranking | Company | Furnace model | Monthly capacity(ton) | Monthly output(ton) |
| 1 | Pangang Group Xichang Steel&Vanadium Co., Ltd | Electric furnace(1) | 1200 | 1180 |
| 2 | Pangang Group Vanadium Industry | Electric furnace(1) | 800 | 680 |
| 3 | Jinzhou Xinwanbo Metal Materials Co., Ltd | Electric furnace(1)/Outfurnace(6) | 800 | 300 |
| 4 | HBIS Company Limited Chengde Branch | Electric furnace | 700 | 280 |
| 5 | Panzhihua Shirentong Fanye Co., Ltd | Electric furnace(2) | 400 | 130 |
| 6 | Henan Ao Mining Industry Co., Ltd | Electric furnace(2) | 50 | 100 |
| 6 | Chongyang Qingfeng Technology Co., Ltd | Electric furnace(2) | 400 | 100 |
| 6 | Chongyang Xinrui Vanadium Industry Co., Ltd | Electric furnace | 150 | 100 |
| 6 | Chaoyang Boyuan Metal Industry Co., Ltd | Outfurnace | 100 | 100 |
| 6 | Jinzhou Xinrong Vanadium Industry Co., Ltd | Outfurnace(10) | 200 | 100 |
| 6 | Yingkou Shengdong Refractories Co., Ltd | Outfurnace | 200-300 | 100 |
| 7 | Anhua Special Ferroalloy Co., Ltd | Electric furnace(1) | 70 | 90 |
