When it comes to steel, Nippon Steel & Sumitomo Metal rates as Japan's heavy lifter. The company, the world's second-largest steelmaker after ArcelorMittal, manufactures pig iron and ingots, steel bars, plates, sheets, pipes, and tubes, as well as specialty, processed, and fabricated steel products. Nippon Steel & Sumitomo Metal's annual crude steel output is more than 47.3 million tons. The company's operations include engineering, construction, chemicals, nonferrous metals, ceramics, electricity supply, information and communications, and urban development (theme parks and condominiums). In 2012 Nippon Steel acquired fellow Japanese steel maker Sumitomo Metal Industries to form a global metals giant.