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How is it anti-competitive. No one is forcing developers to publish on Steam. It would be one thing to have a monopoly like Apple does and no other way to install. But they don’t. Developers definitely have a choice whether to publish on Steam or not. Cost of publishing might be high, but that’s no different than self-publishing and spending money on advertising. It’s just operational cost.
Valve has good lawyers, they will win if they’re in the right.
It doesn’t really matter to even argue about it, we don’t know the laws around it well enough, especially UK laws.
An objective answer. Right you are. Although in law those who are right don’t win by default but those that argue better.