Prep: 10 mins
| Cook: 10 mins
| Extra time: 2 mins, resting
In a small bowl, beat the butter, chili powder, and mustard until smooth. Refrigerate until serving. Season the steak with the pepper and sugar.
Heat your gas or charcoal grill to high (Here's how to tell if it's high: Hold your hand about four inches above the cooking surface. After 2 to 3 seconds, the heat will force you to pull your hand away.)
Oil the grill grate, using an oiled rag.
Place the steak on the grill. Use these cooking times to cook your steak to medium: 2 to 3 minutes per side for a 1/2 inch thick steak, 4 to 6 minutes per side for a 1 inch thick steak, 6 to 9 minutes per side for a 1 1/2 to 2 inch thick steak.
Take the steak off the grill. Let it rest 2 to 3 minutes to allow the juices to reabsorb into the steak. Spoon chili butter over steak. Serve.
Recipe makes 2 1/4 teaspoons spice rub, enough for 1 steak, and just over 1/4 cup seasoned butter.