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Because they used to call players "users" not "Subscribers"
this one is new now
It was always called the Steam Subscriber Agreement.
https://web.archive.org/web/20080907214053/https://store.steampowered.com/subscriber_agreement/
And the fun fact, you've agreeed to that terminology when you created the account and every time you've initiated a transaction on Steam.
The only thing that has changed is the removal of forced arbitration and the restriction from creating/joining a class action. I assume you don't know what those are either. Suffice it to say, just blindly click "agree" like you always did in the past.
The Term subscription, subscriber etc. was always present in the SSA.
And if they changed the term user to subscribers it is only to clarify that you do not buy anything on steam, but rather (most of the time) buy a one time payment license for stuff.
And?
You don't really need to know what "arbitration" means because they now say you can't do, it and you probably don't want to do that anyways.