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Is it true that bamboos is stronger than steel?

Tensile strength of steel is 24,000 PSI and that of bamboo 28,000 PSI. This is one of Mother Nature's most intriguing phenomenon.
Bamboo is strong in its molecular structure, has been used as building material in many parts of the world for thousands of years.
Bamboo can replace the use of wood from hardwood floors, furniture, utensils, bike frames, phone cases to anything imaginable.