Hi Gil,
The ring groove is a couple thousandths wider and deeper than the o-ring used. This allows pressure from the combustion to force the o-ring down against the bottom of the groove and out against the cylinder wall thus allowing the ring to "shrink" back to a size that allows near frictionless movement. In other words the o-ring remains loose when no pressure is applied.
Yes, I think it is the same with steam.
Take care Tony.