Laminate Appropriate for Stairs?

Is laminate flooring appropriate for stairs?

Carol Reed: Solve the issue of the nose of the tread with the material of your choice and then I don’t see why not, assuming good adhesion with the tread substrate.

Michael Dresdner: There is no hard reason why not, but it certainly would not be my first choice, for three reasons. First, the high traffic on stairs might wear it prematurely; second, it might be too slippery; and third, it is not practical to refinish once it does wear, and in most cases, stair treads tend to wear sooner and are more labor-intensive to replace than flooring.

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