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nothing to do with Steam, your OS just not updated
Second of all try the second comment below and download the new version of Visual C++ as it very well could be an out of date OS or some other kind of software.
Finally if all else fails i suggest before deleting and reinstalling any game when you have a problem, is to always google the error or error code, so in this instance google 'api-ms-win-crt-runtime-1-1-0 dll. missing'. It may just tell you exactly what the problem is and lead to a quick solution or help you out however it can.
If after all of these solutions fail i suggest saying so in the thread.
lie me more...