If you heat water (steam) past a certain temperature, will it "glow"?

You need to get water considerably hotter than ‘red hot’ to make it decompose into hydrogen and oxygen:

http://www.hionsolar.com/n-hion96.htm

So you should be able to heat water to about the same color temperature as an incandescent light bulb, 2700-3300°K, before it starts dissociating.
Now some materials are better at emitting blackbody-like radiation than others*, but I don’t think any, including water, are so unemissive as to not glow visibly when you heat them to 3300°K (5500°F).


*see Thermal emissivity