A lot of things tout themselves as "stronger than steel" - especially on a pound for pound basis. Steel was never really all that good at strength to weight ratio - many things are better than steel on that basis. What steel is good at is strength for the dollar - it's a relatively cheap material for structural uses.
Probably the toughest cellulose stuff I'm aware of is that new high density bamboo stuff - used as flooring, it's made from bamboo fibers glued together, but it is compressed to something like 3x the density of normal bamboo - 3 x the fibers means 3 times the stiffness and strength, albeit at 3 times the weight.
Wood's super power is that it's fairly strong and not very heavy. The lightest stuff that cars are made from (carbon fiber) is about 3 times the density of maple. If you look up densities in the periodic table, there are no metals that are in the same density range as wood; save lithium, which is not at all stable around water. Wood is pretty much alone in it's class, so replacing it in applications where it's ideal is not really practical. and it comes in a wide enough variety that you can find ideal species for a lot of different applications.
The stiffness and strongest woods are usually the most dense - cellulose has a certain stiffness and strength, you get more of that if you pack the fibers in tighter (like the bamboo stuff). If, however, you have space for a bigger cross section (like on a horizontal beam, using less dens wood, but a taller stack of is gets you more stiffness and strength using the less dense stuff on a pound for pound basis. Mechanical Engineering is not about finding one "best material" and using that everywhere - no material is best for every use.