"Magical" Russian Steel Could Re-define Global Construction Standards

I'll be the first to tell you that I'm not very handy with tools.  My friends, family, girlfriend, and ex-wife will confirm this with embarrassing clarity.  Building things is not my forum-though I'm really good at destroying things.

So bear with me while I figure this out.

It seems that a Russian company has developed a new type of construction material that is 50% cheaper than steel, weighs significantly less, and won't corrode.
It is called a Glass Fiber Reinforced Composite Polymeric Armature.  Essentially, this material operates sort of like a cross between concrete and steel.  It can be used for multiple purposes, ranging from dry dock moorings to road construction. A spiraled core inside the armature provides certain amount of flexibility that enables connection of load bearing areas to brick surface areas.

I suspect that the steel industry should keep it's eyes on this stuff, as it may be the wave of future construction...

SOURCES: Alibaba.com