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Go to http://www.speedtest.net/ and check your speeds. Link the results.
http://www.speedtest.net/my-result/4362959762
You can also change your download region there. If the region is set to a far away one, it could cause reduced downloading speeds.
So, with those speeds you should be getting, roughtly, 10MB/s (Megabytes) downloads. Speedtest and your ISPs show speeds in Mb (Megebits). It takes 8 Mb to make 1 MB.
You should check the download settings and try a few different regions. That will eliminate that as a possible issue.
Chances are you are going through a bad gateway on your connection to the Steam. Steam's servers are working fine, otherwise there would be a lot more people having issues.
May be check the router settings too and make sure some date isn't being throttled there.
Are you in fact using a router ? Try bypassing it with an ethernet cable hooked directly up to you modem and see if that helps.
Are you sure all your hardware drivers are up to date ?
Power cycle on and off your router and modem. Wait a few minutes with them unplugged and then power them back on again and test it again.
Check this link also if it will help...
https://support.steampowered.com/kb_article.php?ref=1456-EUDN-2493
EDIT...you ninja'd me so I see now you are using a router
Borrow a friends router (router, not modem) and give it a try.
EDIT...some may disagree with me on this but this page has programs that can affect downloads sometimes...check it out if you wish...
https://support.steampowered.com/kb_article.php?ref=9828-SFLZ-9289
You can go to the device manager and check your network adapter(s) there and see what yours is concerning ethernet in this case and try to search the web for the manufacturer's latest version. I would recommend to only use one's from the maker of your hardware.
You can also let windows try to update it but I personally don't do that, but do it like above.
EDIT..since you say you have good speeds on the net and just not Steam, your driver is probably fine...that is most likely not the issue. Sorry if that was misleading. I must have missed that in your title post here at first so please forgive me.
Update: I tried setting my Steam launch settings to TCP instead of UDP and that didn't seem to change much. Running an anti-virus scan with Malwarebytes to see if viruses are in play for at least the fifth time in the past 2 weeks.
DID you power cycle your hardware (modem and router) ? Well, at least the modem since you are bypassing.
boot your PC into safe mode with networking and test this again....see if that helps.
If it does, then you are correct...something on your PC is causing this.