Steep update version 1.21 is out now on the PS4. It is also available on the PC and Xbox One. Here are the full patch notes for it.
Steep recently received a new DLC that was released alongside a set of updates. Right now, it has continued to get new updates heading into the Winter season with the new DLC. Steep update version 1.21 is roughly 1.5 GB on PC and if you were wondering what it does for the game, here are the complete patch notes as provided by Ubisoft.