Try it. Move your Steam window around. See how it snaps to the edges of your display(s)?
Why is Steam the only program (I know) that does that natively? I would love for ALL my Windows programs to do that (without installing 3rd party softwares/scripting).
EDIT : I’m on Win10.
This used to be more common ~20 years ago when Steam first launched. Most modern applications seem to have abandoned this practice though.