Tal there are some white residues that is a sign that something was leaking in the past. I have not witnessed the steam you have seen so back to Adrian’s advice, source a cheap antivac valve and replace it whilst you are at it or if you wish try to clean it/descale it and grease it properly. There might be still life in it.
Current setup: ACS Vesuvius, Nuova Simonelli Mythos One. Past experience, Nuova Simonelli Apia 1 gr., San Remo Capri 1 gr., Bezzera BZ 35e, Fracino Heavenly. Anfim Super Lusso.
Contact me at: john_yossarian11@yahoo.com