I don't know much about materials science, but I had a few classes about it.
Seems like their wood gets ~550 MPa in ultimate strength in tension. Seems like their material is brittle (so it behaves like a spring until it breaks), therefore you probably want a safety margin, because at 550 MPa it breaks. Note the unit is a Force/Area, you can compare materials with the same cross-section. In compression they say it's about 160 MPa in axial load, it can be more or less in the other directions (due to wood having fiber it's not the same in all directions, and there they compress it perpendicular to the fiber so they get one direction stronger than the axial load and one weaker, but I guess for a beam you mostly care about axial strength).
Torsion and flexion are directly dependent on compression, shear and tension, didn't find shear. Although I'm not entirely sure how it works for materials that aren't the same in all three directions like steel.
For steel, depends on the steel but a quick search (https://www.steelconstruction.info/Steel_material_properties and https://eurocodeapplied.com/design/en1993/steel-design-prope...) says ~200 to 400 MPa in tension for yield, at which point it starts changing shape instead of behaving like a spring, then 350 to 550 MPa for strength, at which point it breaks. I believe in multiple applications they do go apply forces where the metal bends a bit and adapts to its application, but I'm not sure. Regardless, that would mean the wood in tension is equivalent to very strong (presumably very expensive) steel.
In compression, steel is from 170 to 370 MPa apparently(https://blog.redguard.com/compressive-strength-of-steel, didn't find much else easily because numbers were strange on other sources), so I guess steel would win on that one.
But this is comparing the raw strength. In reinforced concrete, you add the metal for tension resistance, concrete is there to sustain compression, so it wouldn't matter much. For beams, the shape of beams is optimised to resist in the direction it needs (e.g. the H cross-section resists to bending in one direction). But you probably can't do that with their wood (they say for now they are limited in shapes), so you'd need more material, and probably it would be stronger overall since you have more material. Question then is how much material (in weight, compared to steel) do you need (they say 10 times less but it probably doesn't take into account the shape), and how much does it cost?
I'm guessing they could also make composite beams at some points too, with not only wood in them.
Then for mechanical applications, there might be also other things that enter the game. In their paper they needed to coat the wood so it wouldn't swell with humidity. For any application with friction, not great. Also, I wouldn't be surprised if it's more sensitive to friction than metals.
Note that the numbers are from 2018, they may have improved the process.
I don't know much about materials science, but I had a few classes about it.
Seems like their wood gets ~550 MPa in ultimate strength in tension. Seems like their material is brittle (so it behaves like a spring until it breaks), therefore you probably want a safety margin, because at 550 MPa it breaks. Note the unit is a Force/Area, you can compare materials with the same cross-section. In compression they say it's about 160 MPa in axial load, it can be more or less in the other directions (due to wood having fiber it's not the same in all directions, and there they compress it perpendicular to the fiber so they get one direction stronger than the axial load and one weaker, but I guess for a beam you mostly care about axial strength). Torsion and flexion are directly dependent on compression, shear and tension, didn't find shear. Although I'm not entirely sure how it works for materials that aren't the same in all three directions like steel.
For steel, depends on the steel but a quick search (https://www.steelconstruction.info/Steel_material_properties and https://eurocodeapplied.com/design/en1993/steel-design-prope...) says ~200 to 400 MPa in tension for yield, at which point it starts changing shape instead of behaving like a spring, then 350 to 550 MPa for strength, at which point it breaks. I believe in multiple applications they do go apply forces where the metal bends a bit and adapts to its application, but I'm not sure. Regardless, that would mean the wood in tension is equivalent to very strong (presumably very expensive) steel.
In compression, steel is from 170 to 370 MPa apparently(https://blog.redguard.com/compressive-strength-of-steel, didn't find much else easily because numbers were strange on other sources), so I guess steel would win on that one.
But this is comparing the raw strength. In reinforced concrete, you add the metal for tension resistance, concrete is there to sustain compression, so it wouldn't matter much. For beams, the shape of beams is optimised to resist in the direction it needs (e.g. the H cross-section resists to bending in one direction). But you probably can't do that with their wood (they say for now they are limited in shapes), so you'd need more material, and probably it would be stronger overall since you have more material. Question then is how much material (in weight, compared to steel) do you need (they say 10 times less but it probably doesn't take into account the shape), and how much does it cost?
I'm guessing they could also make composite beams at some points too, with not only wood in them.
Then for mechanical applications, there might be also other things that enter the game. In their paper they needed to coat the wood so it wouldn't swell with humidity. For any application with friction, not great. Also, I wouldn't be surprised if it's more sensitive to friction than metals.
Note that the numbers are from 2018, they may have improved the process.