Abstract: Vanadium containing steel slag is an industrial waste residue produced during the smelting process of vanadium-titanium magnetite. At the same time, it is a secondary resource with high utilization value and must be effectively recycled. This paper introduced the source and properties of vanadium containing steel slag. On this basis, the paper focused on the research progress of vanadium extraction from vanadium containing steel slag. Finally, according to the unique characteristics of Panzhihua and the process of existing waste acid leaching, the study on the leaching of vanadium containing steel slag by titanium white waste acid to recover vanadium pentoxide was introduced. This method not only realized the cleaning, high efficiency and resource-recycling green utilization of vanadium-containing steel slag, but also realized the clean production of titanium dioxide, achieving the purpose of waste control by waste.