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What speed do you get here?
Mbps (note the capitalization) is megabits per second.
MB/s (again, capitalization) is megabytes per second.
It takes 8 bits to make one byte.
Fast is displaying your speed in Mbits, not MB per second.
Go to Steam > settings > Downloads . hit the checkbox that says : "Display download rates in bits per second."
https://i.imgur.com/4Vb4LKi.png
Also, steam is undergoing maintenance today, so expect slower speeds. If this keeps happening, contact your ISP. Maybe they're throttling your steam downloads a bit..