JFE Holdings has an iron will unmatched in Japan and much of the rest of the world. The "J" in JFE stands for Japan; "F" is for Fe, the chemical symbol for iron; and "E" stands for engineering. JFE Holdings' steel business unit, JFE Steel, accounts for about 85% of total sales and manufactures steel products such as bars, pipes, steel frames, tubes and stainless steel for the automotive, construction, and petroleum industries. JFE is among the world's largest steel companies, ranking behind ArcelorMittal, Japan's Nippon Steel & Sumitomo Metal,  and China's Hebei Iron and Steel and Baosteel.