Literal meaning (referring to a slope):
* The hikers faced a steep climb up the mountain, but the view from the top was worth it.
* The road was steep and winding, making it difficult to drive.
Figurative meaning (referring to something intense or difficult):
* The learning curve was steep, but I was determined to master the new software.
* The company faced steep competition from its rivals.
* The economic crisis led to a steep decline in the stock market.
* He charged a steep price for his services.
Other ways to use "steep":
* The tea was so steep it was almost bitter. (referring to the intensity of flavor)
* She soaked her hair in a steep herbal solution. (referring to a strong, concentrated solution)
* The artist's work was characterized by steep colors and bold brushstrokes. (referring to a strong, intense quality)