I confess to being genuinely puzzled over that quote. Not least because of the 1968 design code which demands 250% redundancy, and I am only getting 201% without capacity past yield point. Also, because the steel specifications state (NIST tells us)
"After reaching the yield strength, structural steel components continue to have significant reserve capacity, thus allowing for load redistribution to other components that are still in the elastic range."
... which seems very much to say that the steel components will be able to go beyond the yield strength before failing. And this comment on
'ask a scientist' very much suggests that compressive strength is beyond yield point, although buckling may be a problem in the plastic phase.