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Steam also isn't always the most price competitive. As far as Ubisoft games are concerned, Ubisoft is the default launcher and Steam is the extra platform. I'm not saying this because I'm an Ubisoft fan but as a matter of fact. Think of it this way: Many games activate on Steam regardless what store they sell in because they use Steam as the default launcher. Similarly, all Ubisoft games activate on Ubisoft Connect regardless what store they sell in (including Steam) because they use Ubisoft Connect as the default launcher.
Steam also has horrible policies and horrible people running the platform.
not true, steam is the best thing that happened to gaming
As of now and for the last 20 years has been the best, what will happen in the future no one can really predict, but being so dominant, profitable and so well regarded it would be stupid and unlikely for things to change