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Start the Traeger on Smoke with the lid open until the fire is established (4 to 5 minutes).
Combine the melted butter, Worcestershire sauce, and mustard and whisk until smooth. Brush on both sides of the steaks with a pastry brush. Season the steaks on both sides with Traeger Prime Rib Rub.
Turn the grill up to 225 degrees F and preheat lid closed, for about 10 minutes. When grill is to temperature, arrange the steaks on the grill grate and cook for 30 minutes.
With tongs, transfer the steaks to a platter and increase the heat to High.
When grill reaches High temperature, return the steaks to the grill grate and grill until your desired degree of doneness. 140 degrees F for medium-rare, about 2-3 minutes on each side.
Baste with the butter Worcestershire sauce mixture once more if desired.
Let rest for 3 minutes before serving. Enjoy!