Steam is water vapour. It is caused by the evaporation of the water in your tea. If you boil a pan of water long enough, eventually all the water will turn into steam and boil away. The water in a cup of tea is doing the same, but not enough to noticeably affect the amount in there.
What’s slightly confusing is that steam is actually invisible. What you can see are water droplets condensing in the air. That means that when the air is colder you’ll see more ‘steam’, even though your tea is the same temperature and isn’t evaporating any faster.
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