Green’s Dictionary of Slang

steaming n.2

[? steam in under steam v.2 ]

the act of mugging, esp. when performed en masse against a ‘captive audience’ by a gang on a bus or, more likely, an underground train.

[UK]J. Morton Lowspeak.
[Ire]J. Healy Streets Above Us (1991) 33: ‘Steaming’, the notorious strategy of mass invasion of a group of travellers by a gang that indiscriminately robs anybody in their way.