Strangeness from SPS to FAIR Searching for the onset of deconfinement

Since the early days of heavy-ion physics, strangeness has been considered a sensitive probe of the state of matter created in nuclear collisions. This assessment still holds today, where we are witnessing renewed interest in collisions at moderate energies, manifested in the running or projected experimental programmes at RHIC, SPS, FAIR, and NICA. In this article, we will review the current understanding of strangeness production at lower energies and discuss how far future measurement of strange particles can contribute to understanding the properties of dense QCD matter and to the search for the onset of deconfinement.